In the words of President Obama, “the terrorist threat has evolved into a new phase.” The importance of the aerospace & defense industry stems from the strategic role it plays in the country’s security. As threats turn into ever new shapes involving asymmetric, air-sea power, cyber, urban, non-state organizations, and many more, the defense capabilities…
The pound/dollar on Thursday was down to 1.5110 after the Bank of England convened. After US stats came out, the rate restored to 1.5187. The situation is ambiguous for me. Due to this and according to the internal spike that is forming, I expect the GBP/USD to fall to the 90th degree. Since the indicators…
The US dollar is confined to narrow ranges against the euro and sterling after pushing higher yesterday. The greenback is staging stronger upticks against the yen but is struggling to resurface above previous support in the JPY122.25 area. Weak commodity prices and the loss of upside momentum has seen profit-taking in the Australian and New…
The month of December is typically known for being a relatively favorable trading period, with buy signals often being plentiful as the year draws to a close. Perhaps the most common phrase used to describe the late-December rise in prices is the Santa Claus rally. According to the definition of the Santa Claus rally…
Here are some things I think I am thinking about. 1 . Wall Street’s Biggest Lie. Jason Zweig had a piece earlier this week that I highly recommend. There are a number of good nuggets in there. He also refers to “The big lie on Wall Street” being the promise that advisors or portfolio managers can conjure…
QUESTION: Mr. Armstrong, you have said that gold adjusted for inflation has not exceeded the 1980 high. Have we exceeded the 1929 high in the stock market? Just curious KW Dow Jones Industrial in LOG Scale ANSWER: The 1929 high on the Dow Jones Industrials was 386. That adjusted for inflation in 2015 dollars would be $5,300.43…
I’ve often been impressed by the ability of gold-focused bloggers, newsletter writers and journalists to turn a blind eye to the gold market’s genuine fundamentals and to fixate on factors that either have no bearing on the gold price or amount to unadulterated hogwash. Depending on how they are presented, the stories that are regularly…
There are some stocks that we have not been trading for a little while, but, seem to have drawn a bottom, or are in the process of bottoming. The markets have been volatile this week, and, we have not been trading much. I want to take a look at some stocks that have upside potential…
Asian markets traded mixed on Friday, despite Wall Street’s positive finish Thursday with record low oil prices weighing resources down and China shares trading in negative territory on news of yet another top executive gone missing. Oil prices were down another 1%, Brent crude at $39.70, down 0.97%. The low prices continued to put pressure…
Asian markets traded mixed on Friday, despite Wall Street’s positive finish Thursday with record low oil prices weighing resources down and China shares trading in negative territory on news of yet another top executive gone missing. Oil prices were down another 1%, Brent crude at $39.70, down 0.97%. The low prices continued to put pressure…
