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Finance 0
Impact Silver – Where Are Your Stockpiles?
After the decent year 2016, this year Impact Silver performs quite poorly. Look at the chart below: source: Simple Digressions Although the production level was generally stable, costs of production were a bit higher this year. As a result, cash flow from operations (excluding working capital issues) was negative in 3Q 2017: source: Simple Digressions Interestingly, it looks like Impact feels very confident about the future. As of the end of September 2017 the company had no stockpiles (to be honest, at the end of 2016 there were also nearly no stockpiles) so any technical problem at one of the mines and…the productio... -
Finance 0
Tactics For The Gold Bull Era
Gold surged higher on Friday. Then it gave all the gains back yesterday. Looking beyond this short-term noise, gold is not an exciting market right now. What could make that change? Gold is trading in a rough sideways trend with an upside bias. This bias continues to strengthen, albeit very slowly. The technical action reflects the fundamentals and liquidity flows and clearly, patience. I jokingly refer to the SPDR fund as “Spider-Man”. Chindian demand is decent, but Spider-Man looks like he’s caught in his own web; while there’s no significant selling, buying has come to a standstill. If Chindian demand is solid, gold doesn’t rea... -
Finance 0
Existing-Home Sales Grew 2% In October
This morning’s release of the October Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.48 million units. The Investing.com consensus was for 5.42 million. The latest number represents a 2.0% increase from the previous month and a 0.9% decrease year-over-year. Here is an excerpt from today’s report from the National Association of Realtors. Lawrence Yun, NAR chief economist, says sales activity in October picked up for the second straight month, with increases in all four major regions. “Job growth in most of the country continues to carry on at a robust level and is starting t... -
Finance 0
Existing Home Sales Drop Year-Over-Year For 2nd Straight Month – First Time Since 2014
Following September’s positive housing data rebound, October data is starting well with existing home sales surging 2.0% MoM (better than expected 0.2%) to 5.48mm SAAR, as the US existing home sales inventory tumbled 10.4% YoY, to 1.8 months, the lowest since 1999. Sales of previously owned U.S. homes rose to a four-month high, indicating demand was firming at the start of the quarter as the impact from hurricanes faded, according to a National Association of Realtors report released Tuesday. However, this is the second straight YoY sales decline, first back-to-back months since 2014… The median sales price increased 5.5% YoY... -
Finance 0
How To Spot A Ponzi Scheme Instantly And Avoid Becoming A Victim
You’ve heard the stories of Bernie Madoff and how his victims lost all of the wealth they worked so hard to accumulate. You wonder how people could fall for his Ponzi scheme. But the sad truth is that it is very easy to fall prey to a Ponzi scheme. The reason for this is because of greed. We want it all. And we try to find the easiest path to get there. Unfortunately, the easiest path is usually the one that makes someone else rich while we lose our money. But there are things you can do to protect yourself. And the best thing you can do is to be able to spot a Ponzi scheme right away by being aware of the signs. Then you know to avoid it... -
Finance 0
German Failed Coalition And Gold
On Sunday night, Angela Merkel failed to build a coalition government. What does it mean for the gold market? It turns out that the Free Democrats surprisingly pulled out of negotiations about forming a new government in Germany. The free-market party cited irreconcilable differences between them and its potential partners. The parties could not overcome distinct views on immigration, taxation, climate, the future of the EU and so on. It means that the three-party coalition (or actually, a four-party, as the CDU is a sister party to the CSU) will not emerge in the largest EU’s economy. Well, what does it mean for the gold market? Nothing po... -
Finance 0
Dollar Tree (DLTR) Stock Jumps On Q3 Earnings Beat, View Up
Dollar Tree Inc. (DLTR – Free Report) posted third-quarter fiscal 2017 results, wherein both the earnings and sales topped estimates and improved year over year. Further, management raised outlook for fiscal 2017 and provided a solid view for the fiscal fourth quarter. The company’s shares are up about 2.4% in the pre-market trading session following the better-than-expected results. Moreover, this Zacks Rank #2 (Buy) company has improved 29.5% in the last three months, outperforming the industry’s growth of 8.7%. Quarter in Detail The company’s quarterly adjusted earnings of $1.01 per share jumped 40.3% year over year, and su... -
Finance 0
Deutsche Bank Cuts Target On Sell-Rated GE To Street-Low $15
Deutsche Bank analyst John Inch believes General Electric should trade at a valuation discount given its “still aggressive” accounting, cash flow and debt pressures, and the potential for additional lawsuits. The analyst remains surprised by management’s “upbeat tone/pitch.” GE continues to call 2018 a “reset” and “trough” year even though billions of dollars of cost savings are expected to flow into numbers next year from downsizing and other restructuring actions, Inch tells investors in a research note. These costs are no longer going to run through the presentation of earnings as GE ad... -
Finance 0
U.S. Dollar Begins Test Of Key Resistance Zone As Bulls Remain Bashful
We’ve been following the setups on both sides of EUR/USD of late, and a very similar type of stance can be taken on DXY as a representation of the U.S. Dollar. The Dollar started a rather aggressive top-side run in 2014 that eventually set a fresh 14-year high in January of this year. But after that high was set, matters changed and the Greenback then spent most of the next nine months heading-lower. As we moved into September, 50% of that prior bullish move had been retraced as some element of support finally began to show. U.S. Dollar via ‘DXY’ Weekly: 50% Retracement of 2014-2017 Move in First Nine Months of 2017 The 50% retraceme... -
Finance 0
EC Technology Shares Priced For Perfection
Today’s Wall Street Journal shows that large-cap technology stocks are priced as if economic and earnings growth will continue for the significant future. However, this late in the cycle, the probability of a hiccup increases, making share prices vulnerable. The article focusing on tech shares makes for uncomfortable reading even if most of the tech names are profitable, because we are seeing valuation extremes in technology only surpassed by the tech bubble. And that suggests, given the heavy weight of technology shares in major indices, investors leveraged to passive investment strategies are de facto leveraged to tech. Shares in techn...
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