Macau Gaming Names Slide After Daiwa Uncovers Junket Operator Warning
Shares of several Macau gaming stocks were lower in early trading after Daiwa analyst Jamie Soo told investors that his checks uncovered that a memo was distributed to customers and key staff by “one of Macau’s largest” junket operators warning of recently heightened enforcement of anti-money laundering initiatives in both China and Macau. The junket […]
Is The Market Going To Crash Or Not: Comparing Two Perspectives
As the stock market has steadily surpassed its own record highs all summer long, two distinct personalities have emerged among investors. Bulls and Bears both have ample ammunition to deploy Optimism or the classic combo of Fear, Uncertainty, and Despair (FUD). The question is: which opinion is right, if either? To illustrate this perspective divide, […]
Callinex Mines: High Grades, Prolific Districts And Countless Catalysts
I had the chance to catch up with Max Porterfield, CEO of Callinex Mines. They’ve got a portfolio of very attractive zinc projects sporting intersections like 7.4m of 35% Zn Eq, 12.4m of 34% Zn Eq. and 19.6m of 24% Zn Eq. Those specific results were from the Big Island project that hasn’t been drilled since 1991 (huge potential). Their […]
Inflation? Where?
A lot of eyes were on Janet Yellen’s testimony in front of the Senate Banking committee last week, as investors wanted to hear more clues about a potential change in the economic and monetary policy of the Federal Reserve. People seemed to be particularly interested in finding out more about the expected rate hike pace […]
What’s Ahead For Financial Markets After U.S. Fed Chair Janet Yellen’s Testimony?
Janet Yellen’s testimony to the U.S. Congress In today’s episode of Market Week in Review, Rob Cittadini, regional director, consultant relations, chatted with Mark Eibel, director, client investment strategies, on U.S. Federal Reserve Chair Janet Yellen’s comments to the U.S. Congress earlier this week. According to Eibel, Yellen’s remarks are best understood if we take […]
Horrific Loonie Short Disappears As Bears Frantically Covered Into Rate Hike
Earlier this week, as the loonie was in the midst of its post-rate-hike rally, former trader Kevin Muir decided it was time to say “sold to you” to all the newly-minted CAD bulls. Essentially, Kevin was laughing. Why? Simple: because specs had gotten burned badly. After going the most net short CAD on record in […]
Gold Looks Bullish, Dow Looks To Go Down
GOLD bullish price action – DOW contracting triangle. DOW JONES INDUSTRIALS 30 min 4 Hours Daily My Bias: market topping process ongoingWave Structure: Impulsive 5 wave structure, possibly topping in an all time high.Long term wave count: Topping in wave (5)Important risk events: USD: Empire State Manufacturing Index. The Dow pushed higher on Friday as expected in last night’s analysis. The market […]
AgroFresh Solutions – Chart Of The Day
The Chart of the Day belongs to AgroFresh Solutions (AGFS). I found the specialty chemical stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/19 the stock gained 10.46%. AgroFresh Solutions, Inc. is engaged in […]
