The Dow Jones Industrial Average broke through another record high yesterday, closing at about 18,030. A record high in United States dollar value, that is. When valued in ounces of gold, the Dow is nowhere near its historical high, which we saw in 1999. Take a look at this chart, showing the Dow to gold…
According to some analysts, 2015 should be a year of roller coaster activity for Asian currencies as the Federal Reserve in Washington makes arrangements to raise interest rates. “The U.S. Federal Reserve will be hiking interest rates next year, while some Asian central banks will be acting in the opposite direction. Growth momentum is firmly…
Over the years, I have done quite a few killer interviews and I am very proud of the long list. Having said that, the opportunity to have interviewed Saul Singer is definitely at the top of my list. If you are not familiar (how are you not familiar?), Saul wrote the book “Startup Nation” along with his…
Even though gold started 2014 on a high note, the end is not going to be as kind for the yellow metal. A stronger greenback — which is currently hovering at its highest level in nearly nine years against a basket of major currencies — a slump in oil prices and a climb in U.S….
Source In what could be described as a rather stunning move, the Swiss National Bank (SNB) has decided to cut the interest rate on sight deposits at the SNB into negative territory. This move was necessary to defend the currency against renewed speculative positions which pushed the EUR/CHF exchange rate down again, thus increasing the…
Photo Credit: YouTube Screenshot The Marker reported today that Moovit, an Israeli travel assistant app aimed at public transit users, recently raised $50 million in its latest funding round. The transportation app is used in more than 400 cities and has 12 million users worldwide, 1 million of whom are in Israel. Moovit employs similar crowdsourced tactics…
The EUR/USD pair initially tried to rally during the beginning of the month of December, but you can see that the 1.25 level offered enough resistance to turn the market back around. That being the case, we ended up falling from that area and crashing through the 1.22 level. As you can see on this monthly chart…
Total N. American rail traffic came in at 760k carloads last week just off the all time high (764k carloads) set a few weeks ago. What is interesting about the number is that we would expect it to be much lower heading into the last two weeks of the year. The chart below shows previous…
In recent months we have seen a number of nice charts that pointed out that the Russian government was buying gold like there was no tomorrow. Indeed, the gold reserves of the country have grown significantly over the last few months. This is related to the sanctions that the Western world has put in place,…
Winnebago Industries (WGO – Snapshot Report) recently reported disappointing results for its fiscal 2015 first quarter, citing labor constraints and supply chain disruptions. This prompted analysts to revise their estimates lower for both fiscal 2015 and 2016, sending the stock to a Zacks Rank of 5 (Strong Sell). Until earnings momentum turns around, investors should consider avoiding this…
