E What The Approaching Dollar Liquidity Crunch Implies About Gold
Jeffrey Snider of Alhambra Investment Partners just published a piece at TalkMarkets and at Seeking Alpha, “Huge Repo Warning”, wherein he alerts us to a sudden and severe US dollar shortage, the likes of which we haven’t seen since 2008. He monitors the Repo fail rate, which tracks failure to deliver on contracts for people buying the dollar: (click on images to […]
Intel Bullish Price Outlook
Intel Corp (INTC) is engaged in the design and manufacture of digital technology platforms while it also develops and sells software and services focused on security and technology integration. It is listed on the Nasdaq with a market capitalisation of around $155billion. Price last traded at $32.34. Let’s begin the analysis with the quarterly chart. […]
USD/JPY And AUD/USD Forecast – March 22, 2016
USD/JPY The USD/JPY pair broke higher during the course of the day on Monday, as it looks like the 111 level is going to continue to offer support. It is at the bottom of a larger consolidation area, and as a result we could go as high as the 114.50 level and still remain in […]
UK Inflation Stays At 0.3% – GBP/USD Falls
Inflation in the UK remains stuck at 0.3% y/y, with the monthly figure rising only 0.2% instead of 0.4% expected. Core inflation remained at 1.2% as expected and as in the previous month. The small miss comes on the background of an already vulnerable atmosphere. The BOE will remain in no rush to raise rates. […]
FOMC Again, EUR/USD Increases
Video Length: 00:02:58 Here’s What Happened: Last Wednesday the Federal Reserve (Fed) meeting announced that U.S. interest rates were to be left unchanged at 0.5% This was good news for the euro and not so good news for the US dollar The EUR/USD on Thursday increased by 0.8% And on a weekly basis the world’s […]
Gold And Gold Stocks – A Change In Market Character
Surprising Strength Similar to many others, we have been waiting for some sort of correction in gold and gold stocks, but obviously, not much has happened in this respect so far. We have written quite a lot about gold and gold stocks between August 2015 and February 2016, because we felt a good opportunity was […]
Bloomberg Explains Why “Nobody Believes This Rally”
Last week, when looking at the latest fund flow data, we noted an unexpected finding: as BofA itself said, “clients don’t believe the rally, continue to sell US stocks” and added that the “smart money” has now sold stocks in the face of this bear market rally for a near record seven consecutive weeks.” We also explained who […]
Gold Falls As Stocks Climb, Dollar Rebounds
Gold prices slipped for a third straight session and settled at $1243.60 per ounce, losing $11.77, as strength in equities markets and a rebound in the dollar sapped demand for the metal. Stock markets in the U.S. closed higher yesterday although weaker than anticipated existing home sales data limited gains. Sales of existing homes fell […]
The Predicament Between Gut Feeling And Actionable Intelligence
You know that moment when you start feeling like something in in the market isn’t quite right? Maybe it seems like stocks have reached an extreme, or that there is a big event on the horizon, or just a gnawing in your gut that something is due to change. That sensation is hitting me right […]
Earnings Estimates Nonsense: Russell 2000 PE Is Negative, Operating Estimate 16.75
As earning reports rolled in, I have been watching the as-reported PE of the Russell 2000, Nasdaq, and S&P 500. The PE of the Russell 2000 is now negative. Meanwhile, the fluff estimate based on “operating earnings” by Birinyi Associates is a mere 16.75. Earnings Estimates The above chart from the Wall Street Journal. When the […]
