This Mining Stock Much Stronger Than GDX
The past year has been rough for Gold Mining stocks, as Gold Miner ETF (GDX) has declined over 30%, in the chart below. Below compared GDX to Freeport Mcmoran (FCX) over the past year, reflecting a large difference in performance. Over the past year, GDX has been a good asset to avoid from a buy and hold basis and […]
Recent Flow Reports
According to EPFR, investors were net sellers of European equity funds in the week ending July 5 for the first time since March. This appears to have ended the longest buying streak in a couple of years. Rising yields and valuations were thought to have injected a note of caution as well as some re-weighting at […]
Chris Powell: Futures Markets Give High-Volume Trading Discounts To Governments
Listen to the Podcast Audio: Click Here Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA, he is working to expose the […]
Key Events In The Coming Week: All Eyes On Yellen, CPI And Retail Sales
In the usual post-payrolls economic data lull, the focus this week will be on North America, with Chair Yellen’s semi-annual testimony on Wednesday alongside the the BoC, as well as a Friday data deluge in the US including CPI & retail sales. A 25bp hike this week from the Bank of Canada is expected, although […]
Sell-Off Negated For Now
I would have loved to of seen a greater pullback in the market. And maybe we still get it right here, but Friday’s bounce was highly problematic for the bears. Simply put, they had the market, as they have had time and time again, on the ropes, with a breakdown in key support. All that had to […]
The Great Rotation Continues
If you own Apple (AAPL) you’re in big trouble. Well, maybe. The Great Rotation continues. The leading technology companies are still trading poorly. They may have another 5% to the downside. But it’s too late to sell them short. It all sets up the sideways “time” correction that I have been predicting for the summer. And what […]
The Labor Market Conditions Index Down In June
The latest update of the Labor Market Conditions Index for June is at 1.5, down from May’s revised 3.3. The LMCI is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. The cumulative index (discussed below) is currently at its post-recession peak. The indicator, designed to illustrate […]
Indian Markets To Triple Over Five Years
Audio Length: 00:53:58 I saw this headline on LinkedIn recently: “Nifty will triple in 5 years.”1 The quote was attributed to Ridham Desai, Morgan Stanley’s head of research for Indian equities. Gaurav Sinha, who covers India extensively for WisdomTree, has been making the bullish case for India on our blog, but the potential drivers for the view that Indian […]
Aussie & Kiwi: Bearish Outlook Remains
A few weeks ago, we took a detailed look from a technical point of view at the two interesting pairs. We speculated the possible scenarios, based on the previous reactions and the potential catalysts, which could lead to the next move. Are Australia’s & New Zealand’s central banks intervening in FX market? The Aussie and […]
Premarket Biotech Digest – CELG Inks New Deal, LLY Gets Favorable Ruling, ALR Modifies Deal
Top Pick of the Day: CELG Celgene Corporation (CELG) announced that it has agreed to acquire a stake in BeiGene. The deal has valued BeiGene stock at $4.58 apiece. The company will buy 5.9 percent of the total stock, which would be 32.7 million shares. BeiGene is set to receive $263 million in upfront license […]
