For the past four years, every time gold hit the 1350-1370 level or so, it is turned down sharply. Yesterday, gold surged nearly $24 intraday. John Rubino at Dollar Collapse noted Gold Tests Resistance – Again, posting a similar chart. A monthly gold chart provides much needed context. Gold Monthly What Have You Done For Me…
Wells Fargo (WFC) is expected to report earnings Friday before market open. The whisper number is $1.11, four cents ahead of the analysts’ estimates and showing confidence from the WhisperNumber community. A year ago the company reported earnings of $1.00, six cents ahead of the whisper number. WFC has a 41% positive surprise history (having…
MIAMI – This week, we’ve been exploring how mock battles can go wrong. In one corner, we have The American Dreamer: the Blond Bombshell himself, Donald J. Trump. In the other, there is Xi Jinping of the Great Red Hope, determined not to be the Last Emperor of the Middle Kingdom. Like pro wrestlers, the…
The more recent top is creating a much better fall than the prior one:
Most people think that to get the most success out of the stock market you simply need to have a good read on whether stocks will move up or down. While determining that is the fundamental goal of trading, professional traders do a slightly more complicated analysis than that. After a professional trader has figured…
Treasury yields are spiking notably today with 30Y back above 3.00% and 10Y yields at 2.83% are near 3-week highs and along with the dismal indirect bids in the latest 3Y and 10Y auctions (i.e. foreigners not buying), some are suggesting today’s move could be the start of China’s move to unwind its Treasury holdings. 10Y yields…
Shares of Bristol-Myers Squibb (BMY) are slipping after Citi analyst Andrew Baum said Pfizer’s (PFE) CEO made it clear to him that the latter has no interest in acquiring the company in the absence of transformational data or a de-rating in the stock. PFIZER ‘BACKS AWAY’: After meeting with Pfizer’s CEO, COO and CSO, Citi’s…
Markets are currently assuming that oil prices are capped right now and that with increased shale production in the US, we’re unlikely to see higher prices anytime soon. The Story of Low Oil Prices All we’ve heard from the financial news are stories about a glut of oil inventory, Puplava noted, based on the boom…
Markets are currently assuming that oil prices are capped right now and that with increased shale production in the US, we’re unlikely to see higher prices anytime soon. The Story of Low Oil Prices All we’ve heard from the financial news are stories about a glut of oil inventory, Puplava noted, based on the boom…
