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 […]
Nasdaq Announces 28% Increase In Quarterly Dividend To $0.32 Per Share
NEW YORK, March 31, 2016 (GLOBE NEWSWIRE) — The Board of Directors of Nasdaq, Inc. (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.32 per share on the company’s outstanding common stock, a 28% increase from the prior $0.25 per share. The dividend is payable on June 24, 2016, to shareowners of record at the […]
JPM “Shaves” First Half GDP By 0.5% Due To Weaker Durable Goods And Consumer Spending
Remember when 2016 was the year when the US economy was finally supposed to take off on “above trend” growth? Make that 2017. Here is JPM’s chief economist Michael Feroli doing what banks are so good at doing: cutting their own US GDP growth forecasts. Shave and a haircut, first half We are shaving about […]
March 2016 Chicago Purchasing Managers Barometer Up 6 Points To The Highest Since April 2015
The Chicago Business Barometer which recently has spent more time in contraction than expansion.rose into expansion. This survey came in above expectations. From Bloomberg, the market expected the index between 49.0 to 53.2 (consensus 50.3) versus the actual at 53.6. A number below 50 indicates contraction. Chief Economist of MNI Indicators Philip Uglow said, The most […]
Nike Earnings Pullback Could Be A Unique Buy Opportunity
flickr Nike (NYSE:NKE) stock fell over 4%, or $3/share, after earnings disappointed analysts last week. It could be a unique buying opportunity. While the numbers didn’t hit expectations, those expectations were severely inflated. The company’s growth story remains intact, and buying into it could lead to profits down the road for patient investors. For the quarter revenues were […]
5 Value Stocks In Top Industries To Look Out For
The idea of ‘value investing’ is no rocket science. The idea is to invest in stocks that you believe are undervalued– that is, those with their market value less than their ‘fundamental value’ or ‘intrinsic value’ – based upon your investment horizon. However, determining a stock’s intrinsic value is no easy task. An investor needs […]
Richmont Mines Hangs In For Long Haul
I am impressed with Richmont Mines (US ticker RIC). Their longevity and profitability in 2015 were rare in a junior resource producer. The main challenge ahead is to replace mined reserves, either with new discoveries or with better engineering to make discovered resources viable. The management team must be doing something correctly. Their mining engineer CEO has been […]
Spain Wildly Off Budget Target, Expect Alarm Bells And Warnings
Under Eurozone rules budget deficits can be no greater than 3%. Spain has missed every budget target for years even though Brussels has been very lenient time-wise in those targets. Today, not only did Spain miss its 6-time revised lower targets, it fell further behind with a whopping 5.2% deficit backtrack, nearly a full percentage […]
