The U.S. Dollar has been on a tear over the last few weeks. And many mainstream pundits are calling for the renewal of a dollar bull market. But I don’t think that’s going to happen – here’s why. . . To start, there’s an economic theory coined by George Soros called ‘Reflexivity’ and it’s actually pretty useful….
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…
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…
TPO stands for Time Price Opportunity. By using a TPO profile chart, you are able to analyze the amount of trading activity, based on time, for each price level that the market traded at for any given time period. The Point of Control (POC) is the price where it spent the most time during that period and in that timeframe….
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…
Ned Schmidt, Founder of The Value View Gold Report thinks that the broad metals sector has limited downside when compared to major market averages. Ned is even more excited about silver pointing again to the net short position of spec traders and the tight range it has been trading in. (Audio length 00:14:55)
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…
Market Analysis The USDA’s May supply/demand updates had some surprises in their new-crop corn & soybean ending stocks when the World Board issued their 1st US & World 2018/19 S&D projections. Two things that didn’t change however was the USDA’s Ag Forum yields & 2018’s planting intentions, which are normally used in 2018/19 balance sheets….
Berkshire Hathaway CEO Warren Buffett and Vice Chairman Charlie Munger both came out swinging against bitcoin this week. Buffett called bitcoin “rat poison squared,” while Munger was cruder, comparing the cryptocurrency to “turds” and “selling baby brains.” The irony here is rich and layered. Munger and Buffett are legendary value investors known for advising people…
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting….
