No change in our view, AUDUSD remains in the uptrend from 0.7501, the pullback from 0.7694 could be treated as consolidation of the uptrend. Range trading between 0.7580 and 0.7694 would likely be seen in a couple of days. As long as 0.7580 support holds, the uptrend could be expected to resume and another rise…
Bitcoin mania is starting to look like a religion. I say that because both bitcoin and religion involve faith in the unknowable. Some bitcoin investors believe the cryptocurrency, along with the underlying blockchain technology, will be a vital part of a new, decentralized, post-government society. I can’t prove that won’t happen—nor can bitcoin evangelists prove it will….
If you are looking for a can’t miss stock, then look no further than Goldfield Corp (NYSE: GV). While you might see the dramatic decline in its share price and think this stock isn’t a winner, you are wrong. This company has a lot going for it and the majority of the decline in stock price…
Economists, including Ben Bernanke, give all kinds of reasons for the Great Depression of the 1930s. But what if the real reason for the Great Depression was an energy crisis? When I put together a chart of per capita energy consumption since 1820 for a post back in 2012, there was a strange “flat spot” in the…
There is not much the EU could have done to keep the UK in its club. Former Prime Minister Cameron tried sought some concessions, but the importance assigned to immigration and regaining sovereignty by the Brexit camp and British media meant that there was no politically realistic concession that the EU could have made to appease…
BlackBerry Ltd (NYSE: BB) is slated to release its next earnings report on Wednesday before opening bell. Consensus for the BlackBerry Q3 F2018 earnings release stands at breakeven on about $217 million in revenue. BlackBerry Q3 F2018 earnings: what to expect In a note on Monday, Macquarie analyst Gus Papageorgiou said he expects the BlackBerry…
Jack in the Box (JACK) announced that it has entered into a definitive agreement to sell Qdoba Restaurant Corporation, a wholly owned subsidiary of the company which operates and franchises more than 700 QDOBA MEXICAN EATS restaurants, to certain funds managed by affiliates of Apollo Global Management (APO). Under the terms of the agreement, the…
I often get asked by younger traders what it was like to trade in the DotCom bubble. When I tell them stories about the madness that prevailed at the time, they shake their heads in disbelief about how stupid my generation could have been. They have difficulty understanding the mania that gripped investors. To them,…
Gold: The commodity faces further recovery higher as it eyes a move towards the 1,270.36 resistance zone. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,230.00 level….
Darden Restaurants, Inc. (DRI – Free Report) is one of the largest casual dining restaurant operators. The company reports its business in four segments: Olive Garden, LongHorn Steakhouse, Fine Dining, which includes The Capital Grille and Eddie V’s, and Other Business. In April 2017, Darden completed the acquisition of small restaurant chain, Cheddar’s Scratch Kitchen (Cheddar’s), in an…
