Are Diamonds A Junior Miner’s Best Friend?
GDXJ is going to break one way or the other pretty soon. It’s in a Diamond, which is a consolidation pattern, usually thought to have no bias between trend continuation (in this case up) or reversal. If it ends up breaking down it will have been a volatile reversal pattern that whipsawed everybody up and […]
SP 500 And NDX Futures Daily Charts – Beauty Is Only Skin Deep….
…but ugly goes down to the bone. Stocks were running out of gas today. Traders were continuing to sit on their hands for the most part, judging by the volumes, waiting to see what unfolds from the Non-Farm Payrolls Report tomorrow. The market has had a nice upwards bias thanks in large part to Chairperson […]
February 2016 Median Household Income Not Significantly Changed
From Sentier Research According to new data derived from the monthly Current Population Survey (CPS), median annual household income in February 2016 was $57,129, not significantly different from the January 2016 median of $57,192. The Sentier Household Income Index for February 2016 was 99.7 (January 2000 = 100), 0.1 percentage point lower than last month. […]
Something Did Break After All: Repo Rate Soars Most Since September 2008
Back on December 31, the day which was the first quarter and year-end after the Fed’s first rate hike cycle in nearly a decade, we pointed out something unexpected – the Fed’s rate hike corridor had just been broken when the Fed Funds rate traded as low as 0.12%, far below the mandated minimum of 0.25%. […]
Dollar Still Weighed By Uncertainty
The US Dollar’s slide has finally subsided after hitting a 7-week trough versus the common currency Euro. Analysts say that moves are, however, muted given the need for cash flows to rebalance portfolios on the last day of the month, and in this case, the quarter. Earlier, the US Dollar Index seemed on pace to […]
Silver Junior Shines On Production Update
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. A battered silver miner produced some good news Thursday, while a popular healthcare play was under the weather. Here’s some small stocks making big moves on Thursday, March 31, 2016 (as of 11:15 […]
Precious Metals Report – March 31, 2016
Ira Epstein leads us through the day’s precious metal highlights. (Video length 00:07:54)
USO Is An Appealing Trade Setup
USO chart so far is really interesting to me. Yes, it has lost all of its short-term moving averages that include the 5-day, 10-day and 20-day, but overall, the pullback that has, until today, lasted six straight days and seven of the last eight days, has only given up 38.2% of its recent gains, which if you […]
Russia On A Gold Buying Spree
The Russians have launched into a gold buying spree. Based on recently released International Monetary Fund numbers reported at Mining.com., the Russian central bank ranked as the world’s leading gold buyer in February, adding 356,000 ounces to its reserves: Last December, Russia announced plans to increase its gold reserves to $500 billion within the next five years. […]
5 Top Performing Stocks Of The Top ETF Of 1Q
After being beaten down badly over the past few years, the broad mining industry got a fresh lease of life this year with PureFunds ISE Junior Silver ETF (SILJ –ETF report) topping the list of the best performing ETFs of 1Q16. The fund delivered whopping returns of about 71% in the first quarter. This is especially true against […]
