Greenback Finds Better Traction
The US dollar rose against all the major and most emerging market currencies last week. After selling off following the ECB and FOMC meetings, the dollar found better traction. It was helped by widening interest rate differentials. Regional Fed manufacturing surveys for March suggest the quarter is ending on a firm note. With new orders rising, […]
Chart Of The Day: Global Recession Is Coming
Going by the collapse in the Purchasing Managers Index for February 2016, it is entirely likely that the world is headed towards recession sooner than expected. The chart below gives the manufacturing, services and composite PMI for February 2016 and its clear that services sector activity has slumped. Global manufacturing sector is unlikely to be the […]
Jim Rickards ‘New Case For Gold’ At The Foreign Correspondents Club Of Japan
“Gold is not an investment, because it has no risk and no return. Warren Buffett’s well-known criticism of gold is that it has no return and therefore no chance of compounding his wealth. He is right. Gold has no yield; it is not supposed to, because it has no risk. If you buy an ounce […]
Deutsche Bank’s Dire Warning On Global Trade: “The Currency War Is Futile”
“It’s almost like the timing belt on the global growth engine is a bit off or the cylinders are not firing as they should.” That’s from WTO chief economist Robert Koopman, and it’s a quote we’ve used on a number of occasions. Koopman is referring to the fact that for several years in a row, the […]
Payment Data Systems Announces Fourth Quarter And Year End 2015 Results
SAN ANTONIO, Texas, March 24, 2016 (GLOBE NEWSWIRE) — Payment Data Systems, Inc.(NASDAQ:PYDS), an integrated payment solutions provider, today announced financial results for the fourth quarter and year ended December 31, 2015. Fourth Quarter 2015 Financial Highlights Revenues were $3.7 million Gross margins were $1.4 million, or 37.8% of revenues Operating income was $136,991 Adjusted EBITDA1 was […]
Gold — Pregnant With Possibility
Despite gold’s recent sell off, I feel increasingly comfortable with our short-term (one-year) and our long-term (five-to-seven year) forecast of the future price of gold. Indeed, by this time next year, gold’s price could be challenging or even surpassing the yellow metal’s all-time high of $1,924 an ounce reached in September 2011. And, looking further […]
Best Stock Market Indicator Update – March 25, 2016
Written by Jill Mislinski We continue to receive requests for updates to the “Best Stock Market Indicator”, which used to be a regular guest post from John Carlucci. Here is an update of the “Carlucci” indicator along with a summary of John’s explanation on how he uses it. As John described it: “The $OEXA200R (the percentage […]
Biotelemetry To Acquire Virtualscopics For $15.5M Or $4.05/share
BioTelemetry (BEAT) and VirtualScopics (VSCP) announced that the two companies have entered into a definitive agreement whereby BioTelemetry will acquire VirtualScopics. BioTelemetry will commence an all cash tender offer for all outstanding common and preferred shares of VirtualScopics. In the tender offer, BioTelemetry will offer investors $4.05 per share for VirtualScopics’ common stock, $336.30 per […]
Why Banks Like BMO Are Testing Pay By Selfie Technology
Banks are looking for new ways to verify your identity when you’re using one of their credit cards. Canadian bank BMO (BMO) announced earlier this week that it’s rolling out a new type of technology called Pay by Selfie. Developed by MasterCard, the technology places a biometric security layer on top of general credit card usage. […]
