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Finance 0
Do Not Show This Bitcoin Chart To Donald Trump…
And so it’s official, Bitcoin futures got the green light this morning, clearing the way for i) deeper, more robust markets and more institutional involvement, ii) the end of the world, or more likely iii) both. Given the bombshell (if largely expected) news, we thought this was an opportune time to draw readers’ attention to perhaps the most shocking Bitcoin chart of them all. This one: That’s right, folks. For the first time, people are more interested in Bitcoin than Donald Trump. Maybe that explains why the White House is “monitoring” the crytpocurrency situation. Recall that on Thursday, Sarah Huckabee Sanders told re... -
Finance 0
Do Not Show This Bitcoin Chart To Donald Trump…
And so it’s official, Bitcoin futures got the green light this morning, clearing the way for i) deeper, more robust markets and more institutional involvement, ii) the end of the world, or more likely iii) both. Given the bombshell (if largely expected) news, we thought this was an opportune time to draw readers’ attention to perhaps the most shocking Bitcoin chart of them all. This one: That’s right, folks. For the first time, people are more interested in Bitcoin than Donald Trump. Maybe that explains why the White House is “monitoring” the crytpocurrency situation. Recall that on Thursday, Sarah Huckabee Sanders told re... -
Finance 0
Bitcoin Mania Will End In Tears
Unless you are living under a rock, you surely have heard of bitcoin as it surpassed the $10,000 mark yesterday and briefly topped $11,000. You may have no idea what it is or how it works but the stories of kids turning into multimillionaires in short order are undoubtedly tickling your greedy side. We are all human and can’t resist the thought of turning a few dollars into millions and then enjoying ourselves sipping a drink with a tiny umbrella on some exotic beach. But please heed my warning. The bitcoin mania will end in tears for most investors (especially those considering buying late in the game) and unless you are in it for a ... -
Finance 0
Markit Manufacturing PMI: Robust Growth In November
The November US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 53.9, down from the 54.6 final October figure. Today’s headline number was above the Investing.com forecast of 53.8. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from Chris Williamson, Chief Business Economist at IHS Markit in their latest press release: “US manufacturers reported further solid growth in November. The rate of expansion settled slightly after October’s rebound from the hurricanes, but still leaves the sec... -
Finance 0
Providence Service Corporation Declares Cash Dividend On Convertible Preferred Stock
STAMFORD, Conn., Dec. 01, 2017 (GLOBE NEWSWIRE) — The Providence Service Corporation (Nasdaq: PRSC) today announced that its Board of Directors has declared a cash dividend on its 5.5%/8.5% Series A convertible preferred stock. The dividend is payable on January 2, 2018 to holders of record as of 5:00 p.m. ET on December 15, 2017. The dividend will be paid at a rate of 5.5% per annum, which is equal to approximately $1.38630 per share of convertible preferred stock. About Providence The Providence Service Corporation is a company which owns interests in subsidiaries and other companies that are primarily engaged in the provision of hea... -
Finance 0
Five Below (FIVE) Q3 Earnings & Sales Beat, Raises View
Five Below, Inc. (FIVE – Free Report) delivered better-than-expected top and bottom line for the fifth straight quarter, when it posted third-quarter fiscal 2017 results. The impressive results prompted management to provide an encouraging outlook. Consequently, shares of this Zacks Rank #2 (Buy) company increased 2.3% in after-hour trading session yesterday. In fact, the stock has surged 28.7% in the past three months, outperforming the industry’s growth of 2.6%. Earnings of 18 cents per share surpassed the Zacks Consensus Estimate of 13 cents and also surged 80% year over year. Additionally, the bottom line exceeded the company... -
Finance 0
Debt, Taxes, Growth And The GOP Con Job
During more than four decades in Washington and on Wall Street it is quite possible that we never picked up any useful skills. But along the way we did unavoidably acquire what amounts to a survival tool in those fair precincts—-namely, a nose for the con job. And what a doozy we have going now as a desperate mob of Capitol Hill Republicans attempts to enact something—anything— that can be vaguely labeled tax reform/tax cut. And for a reason that lies only slightly below the surface. In a word, they are scared to death that the political train wreck in the Oval Office will put them out of business for years to come.... -
Finance 0
Charting Gold, Silver, Oil, And Natural Gas
Below we take a look at one-year trading range charts for gold, silver, oil, and natural gas. For each chart, the green shading represents between two standard deviations above and below the commodity’s 50-day moving average. Moves to the top of or above the green shading are considered overbought, while moves to the bottom of or below the green shading are considered oversold. While gold has been flat as a pancake lately, it has been holding just above the bottom of its uptrend support line. Gold bulls are hoping this sideways period is just a re-charge for a big move higher back towards the top of the channel. Silver looks much different ... -
Finance 0
Rail Week Ending November 2017: Economically Intuitive Sectors Again Improved
Week 47 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate improved marginally. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis, this week it improved 4.6 % (meaning that the predictive economic elements improved year-over-year). Intermodal transport did grew strongly year-over-year this week – which is the real economically positive element or rail tran... -
Finance 0
Commodities Weekly Wrap-Up – Friday, Dec. 1
With metals up and down, it can be easy to think that the market won’t rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018. The global precious metals demand is through the roof, Eric says. “There’s a serious misallocation of physical gold and silver,” he says. “This is not a little bit [of silver]. This will be interesting for us to study this whole play that’s going on and the movement of the physical delivery.” And what about Bitcoin? “Most Bitcoin people don’t know how bad [Bitcoin futures] would be,” Eric says. “The reason [Bi...
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