How Gold Bullion Protects From Conflict And War
Gold and silver’s historical role in conflict shaped the world today and the modern financial system Gold played an important function in the great conflicts up to and throughout the 20th century Gold and the effective use of bullion played a crucial role in the outcome of the American Civil War Gold was an important economic […]
AUDUSD Intra Day Elliott Wave Analysis
AUDUSD short-term Elliott Wave view suggests that Primary wave ((W)) ended at 0.7731 on October 6th low. Up from there, Primary wave ((X)) is currently unfolding as a double three Elliott Wave structure. Intermediate Wave (W) of ((X)) ended at 0.7807 and Intermediate wave (X) of ((X)) ended at 0.7815. On the near-term, while pullbacks stay […]
Initial Jobless Claims Crash To Lowest Since 1973
So much for the hurricane distortions of the US labor market… Just a few short weeks after initial unemployment claims jumped in the aftermath of Hurricanes Harvey and Irma, in the latest week the DOL reported that filings for unemployment benefits tumbled to the lowest level in 45 years, or since 1973, as all those workers […]
BNY Mellon (BK) Beats On Q3 Earnings As Revenues Improve
The Bank of New York Mellon Corporation’s (BK – Free Report) third-quarter 2017 earnings per share of 94 cents surpassed the Zacks Consensus Estimate of 93 cents. The figure also came in 4.4% higher than the prior-year quarter tally. Results benefited from an improvement in both net interest revenues and fee revenues. Also, assets under management (AUM) […]
E Book Review: Deep Risk
It’s not often that you read a book by mistake. While browsing the Kindle store, I thought I’d stumbled upon a new book by Peter L. Bernstein. Some time ago, I had really enjoyed his book, Against The Gods; the remarkable story of risk. I was initially confused and then realized I was instead looking […]
Governments Crack Down On Cryprocurrencies
It’s been a very volatile ride for holders of Bitcoin recently. Bitcoin’s value right now is about four and half times as much as an ounce of gold. Back in 2013 enthusiasts were lucky to see bitcoin top $100. By the end of that year it was over $1000. In the beginning of this year, […]
If Someone Doesn’t Explain Why Stocks Are Lower, You Might Just Have To Buy Gold
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what, generally speaking, is a pretty mild decline in global risk assets. U.S. investors woke up to a […]
EURUSD Recovers, Eyes Further Bull Pressure Towards 1.1879 Region
With the EURUSD pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break […]
Philly Fed Manufacturing Index: Continued Growth In October
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Why Are These 6 Dow Stocks Fairly Valued? – Part 4
<< Read More: Are These The 6 Best Stocks In The Dow Jones Industrial Average? – Part 3 << Read More: The 6 Most Expensive Stocks In The Dow Jones Industrial Average – Part 2 << Read More: The 6 Most Expensive Stocks in the Dow Jones Industrial Average – Part 1 Introduction Thus far, with the first […]
