Back in May, this website was the first to explain the “mystery” behind Belgium’s ravenous Treasury buying which in early 2015 had turned into sudden selling, and which we demonstrated was merely China transacting using offshore Euroclear-based accounts to preserve anonymity. Since then theme of Belgium as a Chinese proxy has become so popular, even CNBC gets it….
The “darlings” of mutual funds and institutional funds is a popularity contest tracked by Credit Suisse that might be almost used as a contrarian indicator, in a note titled The Darlings of Active Managers The Most Crowded Names in US Small, Mid & Large Cap Funds . As a general rule, the report authors note, “owning too many darlings…
This week I added the following stocks to the Barchart Van Meerten New High portfolio for superior upward momentum: Reynolds America (NYSE:RAI), Synnex (NYSE:SNX), Global Payments (NYSE:GPN), Selective Insurance (NASDAQ:SIGI) and Central Garden and Pet (NASDAQ:CENTA). Reynolds America Barchart technical indicators: 96% Barchart technical buy signals 64.00+ Weighted Alpha Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 12 new highs and…
Insider buying declined again last week with insiders buying $24.71 million of stock compared to $55.32 million in the week prior. Selling also declined with insiders selling $295.56 million of stock last week compared to $489.91 million in the week prior. Insider transactions are likely to stay muted over the next week or two as we get into the…
Withdrawals of gold from the Shanghai Exchange alone are at 1,958 tonnes for the year. The first chart below compares that pace to the prior years. As I noted the other day, the mispricing of value and risk in the gold market, primarily driven by traders in London and New York, is calling a form…
There it was, staring me in the face. An article, written by a millennial, titled “If You Have Savings in Your 20s, You’re Doing Something Wrong.” I stared at it, dumbfounded. Like many of you, I was once a 20-something. I had more hair back then. I also didn’t bother investing in my…
The Chinese central bank continues to increase its gold holdings at a steady pace. Figures released by the People’s Bank of China indicate its gold stash went up another 1% in September, according to a Reuters report: Gold reserves rose by 480,000 fine troy ounces, or 14.9 tons, to 54.93 million ounces, or 1,708.5 tons…
Hormel Foods (HRL) was founded in 1891 by George Hormel in the small town of Austin Minnesota. Today, Hormel has a market cap of $17.4 billion. The company has assembled a portfolio of well-known food brands. The image below shows many of the company’s most popular brands. Source: Hormel Foods Company Website Hormel operates in…
At $267, Bitcoin has retraced the entire plunge from China’s initial devaluation entry into the currency wars and the Black Monday dump. It appears, just as we warned, that China’s increasing crackdown on its – until now lax – capital controls has spurred demand for alternate ‘currencies’ that remain out of the control (for now)…
The onset of the third-quarter earnings season has opened a Pandora’s box with investors glued to quarterly releases, looking for stocks that are poised to beat earnings. Market pundits are of the view that a company’s earnings performance is possibly the most important factor influencing its stock price. No wonder then, in the world of…
