Monthly Archives: May 2018

Market Talk – Friday, May 11

Shanghai finished the day with a small loss (-0.35%) and the ASX closed almost unchanged, but all other core markets saw very strong returns. The Nikkei led the bunch with an impressive +1.2% gain, whilst the Hang Seng and Sensex both added around 1%. Hong Kong’s rally today completed five days of positive returns taking…

This Week In Crypto – Friday, May 11

Words Can’t Bring Me Down, But Prices Can Sticks and stones may break my bones, but downward selling pressure will bankrupt me. After Bitcoin failed to break a key resistance level at $10k, the market has been struggling to find resistance. It’s been falling consistently since Sunday, and at the moment, it appears as though…

Apple Stops Reporting Cash Held Overseas

How can one determine if those, mostly tech and pharma, companies with the largest percentage of retained foreign earnings (i.e. overseas cash)… …. are repatriating their cash now that it is no longer prohibitive to do so under Trump’s tax law? Until recently it was very easy: companies would simply disclose the amount of cash…

The Next Rally In Gold

Last week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let’s look at this in greater detail. Ultimately, this is an issue of dollar strength. The past four weeks have seen a relentless rally in the U.S. dollar…