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    A World Of Lies But Gold Will Reveal The Truth

    The dollar is dead but the world doesn’t know it. It has been a slow death and the final stages will be very painful for the US and for the rest of the world. The US empire is finished financially and militarily. NIXON WAS CONVICTED FOR THE WRONG CRIME It all started with the establishment of the Fed in 1913 and escalated with Nixon. For anyone old enough to still remember him, they will think about the Watergate scandal. This was corruption and bribery at the highest level in the Nixon administration, including the president himself. In order to avoid impeachment which would have been a certainty, Nixon resigned. All this broke out 11 mont...
    On October 19, 2017 / By
  • Finance 0

    Goldman Sachs Cuts Nike Rating Ahead Of Investor Day On Excess Inventory

    This morning, Goldman Sachs analyst Lindsay Drucker Mann downgraded Nike (NKE) to Neutral as she expects shares to trade in a range as the company works through excess inventory in the U.S. Further, the analyst believes Nike’s upcoming investor day is unlikely to be a positive catalyst, an opinion shared by her peer at Citi, who also sees it as likely to be a neutral event. MOVING TO THE SIDELINES: In a research note to investors this morning, Goldman Sachs’ Mann downgraded Nike to Neutral from Buy, with an unchanged price target of $54. The analyst expects shares to trade in a range as Nike works through excess inventory in the U...
    On October 19, 2017 / By
  • Finance 0

    Abe’s Third Arrow

    Japan’s Abe’s gamble to call snap elections shortly after the stunning defeat in the Tokyo elections appears likely to pay-off. He called the bluff of his former defense minister and now Governor of Tokyo Koike who is leading the main opposition party now, the Party of Hope. The Party of Hope may have over-reached and now appears to be stumbling. The polls suggest that the LDP may secure more seats in the lower chamber than it a current hold.   Even though the LDP may not need to be in a coalition, it still seems likely that the junior coalition partner, the Komieto Party, will remain in government, even if it loses a few s...
    On October 19, 2017 / By
  • Finance 0

    Euro Edges Higher Ahead Of ECB

    The Euro hit a 3-day peak today as investors eye next week’s policy meeting of the European Central Bank. Analysts say that bond investors with an intent to hedge drove demand for the common currency; however, the absence of a fundamental driver and growing political uncertainties as a result of another promise of autonomy by Spain’s Catalonia region has limited any additional gains. Analysts say more clarity is necessary before the Euro can trend higher. As reported at 11:17 am (BST) in London, the EUR/USD was trading higher at $1.1813, a gain of 0.13%; the pair earlier hit a peak of $1.18226, while the session low is currently at $1.17...
    On October 19, 2017 / By
  • Finance 0

    Is Allergan Stock Finally Going To Reward Shareholders?

    Allergan Stock has been a painful ride for investors. Starting last year when the proposed merger with Pfizer fell through, Allergan (NYSE: AGN) stock has fallen. As of this writing, shares are trading at $186 and nearing their 52 week low. But the interesting thing about Allergan stock is that they have a lot going for it and most analysts agree. In this post, I will show you all of the great things going on with this company and what might be some of the things holding the stock back. Things Going Right For Allergan Stock As I mentioned, Allergan has a lot going for it. Looking first at earnings, the company reported earnings per share of...
    On October 19, 2017 / By
  • Finance 0

    The One Data You Should Follow To Know If The US Expansion Is In Good Shape

    Since we experienced a severe economic trauma due to the subprime financial crisis, there has been an almost reflexive disbelief in the durability this economic expansion. There are times when I would count myself amongst the disbelievers. For example, during the shale oil bust, I worried that Fed rate hikes would be the straw that broke the camel’s back. But time and again, this economic upturn has shown resiliency. The one measure I look at that best encapsulates the resiliency is the initial jobless claims figure released by the US Department of Labor. They are almost dead-on real-time data. The series is released weekly, so you get freq...
    On October 19, 2017 / By
  • Finance 0

    Sensex Ends In Red On Diwali Day; Bank & Metal Stocks Fall

    The hour-long auspicious Muhurat trading session ended on a weak note today. While the BSE Sensex closed lower by about 194 points, the NSE Nifty ended lower by about 64 points. Meanwhile, BSE Mid Cap ended lower by 0.3% and BSE Small Cap finished up by 0.1% respectively. Losses were largely seen in bank stocks, metal stocks and PSU stocks. Gold prices were trading down by Rs 250 to Rs 30,750 per 10grams on the eve of Diwali. Rupee was trading at Rs 65.07 against the US$ in the afternoon session. Oil prices were trading at US$ 51.61 at the time of writing. Global stocks mostly fell after data showed that China’s economic...
    On October 19, 2017 / By
  • Finance 0

    Gold Prices Snap Bearish Sequence Ahead Of More Fed Rhetoric

    Gold prices may continue to recoup the losses from earlier this week as the precious metal snaps the recent series of lower highs & lows. The recent price action boosts the near-term outlook for gold as the precious metal regains its footing ahead of the monthly-low ($1261), and bullion may continue to trade on a firmer footing as it appears to be carving an outside-day (engulfing). Keep in mind, fresh comments from Fed Chair Janet Yellen may tame gold prices as Fed Fund Futures highlight a greater than 80% probability for a December rate-hike, and the precious metal stands at risk of facing range-bound conditions should the central ba...
    On October 19, 2017 / By
  • Finance 0

    The Productivity Myth

    Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being in the EU. As Hilaire Belloc put it, we must hold on to nurse, for fear of something worse. Only this week, the OECD came out with a paper repeating its disproved nonsense about the economic consequences of Brexit, even recommending Britain should hold a second referendum to reverse the Brexit decision. To back up its analysi...
    On October 19, 2017 / By
  • Finance 0

    Philly Fed Positive For 15th Straight Month

    Manufacturing activity in the Philadelphia region continues to chug along as the Philadelphia Fed’s survey of manufacturing activity came in higher than expected for October rising to 27.9 compared to forecasts for a reading of 20. October’s reading represents the 15th straight month that manufacturing activity showed growth and is the strongest monthly reading since May. Looking at the chart below, the current period of consistent strength that we have seen has not been too common throughout the history’s survey. The table below breaks down this month’s report by each of its subcomponents and the results were mixed. While New Orders,...
    On October 19, 2017 / By