Euro Inches Higher On IFO
Investors are all but convinced that the European Central Bank is on the verge of additional easing and have already begun the sell-off which sent the common currency Euro to a 2-year low versus its major rival, the U.S. Dollar. Last Friday, the head of the ECB, Mario Draghi, said that the future of the […]
E Caveat Emptor! Cyber Crime Threatens To Derail The Growing Digital Economy
Securing computer networks has become paramount in the new digital age. Computer and network security, most often referred to as cyber security, involves safeguarding Americans private information, securing financial data, protecting national military secrets, and creating a bulwark around our most important intellectual property secrets that drive our economic growth. The Internet was founded on […]
Test Results Are In
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 7 = 17,817 SPX + 5 = 2069 NAS + 41 = 4754 10 YR YLD – .01 = 2.31% OIL – .81 = 75.70 GOLD – 3.80 = 1199.30 SILV + .02 = 16.57 The S&P 500 has gained 11% since bottoming […]
Choose A Bond Fund For Greater Diversification
Bond funds offer investors an opportunity for diversification and professional management. Fund performance Just because a mutual fund company buys bonds, owners of the fund still must accept certain risks. One example is “interest rate risk,” which means that as interest rates rise, bond values fall. Therefore, the money you invest in a bond fund […]
Blistering Demand For 2 Year Paper Send Entire Curve Tighter
If the sellside community was expected to side with the Fed and sell Treasury paper, especially near maturities, then today’s 2 Year auction, which just priced at a hot 0.542%, or 1.1 bps through the 0.553% When Issued, indicated more than ample demand for Treasury paper. Further confirming the demand was the surging Bid to […]
Russian Triangle
Although I wouldn’t short a U.S. ETF with a 10 foot pole these days, I am totally comfortable shorting Russia at present price levels:
Newmont Mining (NEM) Prepays $100M Of $575M Term Loan
Newmont Mining Corporation (NEM – Analyst Report) has prepaid $100 million toward a 5-year $575 million unsecured amortizing term loan received in Mar 2014. The term loan was utilized to repay $575 million of convertible debt which matured in Jul 2014. The $100 million prepayment also includes the proceeds received by Newmont after the government of Suriname exercised […]
Semiconductors Continue To Gain
Again, it was left to Semiconductors to do the leg work for the day as it added nearly 1%. The question is whether strength in this index will contribute to further gains for the Nasdaq and Nasdaq 100. The ‘bull trap’ in the Semiconductor index is now negated. The Nasdaq 100 is up against […]
Deutsche Bank’s Modest Proposal To Central Banks: “Purchase The Gold Held By Private Households”
From the bank that a few days ago informed us that “People Are Talking About Helicopter Money And Debt Cancellation Being The End Game”, comes the logical next step. Here it is, without commentary and the key section highlighted: From Deutsche bank Behavioral Finance: Daily Metals Outlook Although gold market operators are currently pre-occupied with […]
Airgas: Chart Of The Day
The Chart of the Day belongs to Airgas (NYSE:ARG). I found the stock by sorting the All Time High List for the stocks with the most frequent new highs In the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/21 the stock gained 2.85%. […]
