Written by Frank Holmes Of U.S. Global Investors The start of baseball season is still several days away, but a recent survey conducted by Bank of America Merrill Lynch found that 59 percent of U.S. fund managers believe the current stretch of economic growth is in its “final innings.” This is the highest reading since the financial crisis…
EUR/USD The Euro rose during the course of the session on Thursday, breaking above the top of the shooting star from the Wednesday session, sending this market looking towards the 1.14 level. Any pullback at this point in time should be thought of as value. We could very well get that pullback though, based upon…
The one thing about the model is that when you have a consistent system that is running on absolutely everything around the world, you can simply look at this dispassionately and just everything by the same standards. From gold, Euro, Canadian Dollar, Dax, and many other markets, we generally moved to Monthly and/or Quarterly Reversals…
U.S. crude oil inventories are near record highs. At the same time, U.S. oil imports are up almost 1 million barrels per day from last year. CNBC wanted to know why, so they invited Dr. Kent Moors to yesterday’s Power Lunch. There, Kent explained it all boils down to one simple thing… And he also…
Well… that was one crazy month…one crazy quarter! In fact it was the first time a quarter sold off more than 10% and finished in the green overall. To say the least, it was a historic quarter, and highly unlikely we’ll see anything remotely close to it for the rest of the year. That doesn’t…
Market charts review. Video Length: 00:08:51
The US dollar made some recovery attempts, but things are not too bright for the greenback. Here are 4 reasons to remain positive on USD: Here is their view, courtesy of eFXnews: Although the commodity complex has been more stable recently and that has removed some downside pressure on the euro via the disinflation channel, we anticipate…
Investors are still skeptical about gold. Wouldn’t it be logic gold and gold mining shares would go down after the strong rise at the beginning of the year? If you still believe gold mining shares are going to kill the markets, you are crazy, aren’you? The short answer is: NO! Investors are still scared, scared…
S&P 500 During the day on Thursday, the market went back and forth around the 2060 handle. The S&P 500 of course is highly influenced by the jobs number coming out of the United States today. Pullbacks should be buying opportunities, as the 2040 level should offer plenty of support. I also believe that the…
Video length: 00:02:02 During the day on Friday, the only announcement that is going to truly mean anything to most traders will be the non-farm payroll announcement during the day, so with that being the case you can expect quite a bit of volatility as these days tend to be very choppy and erratic. 1…
