Latest Posts
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Finance 0
Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute
Silver prices ‘flash crash’ before rebound Silver hammered 7% lower in less than minute in Asian trading Silver fell from $16 to $14.82, before recovering to $15.89 Silver plunge blamed on another ‘trading error’ Gold similar ‘flash crash’ last week and similar recovery Hallmarks of market manipulation as $450 million worth of silver futures sold in minute Trading ‘errors’ always push gold and silver lower. Why never higher? ‘Flash crashes’ increasingly frequent in precious metals, yet rarely happen in stocks and bonds Rapid recovery from frequent raids bodes well for precious metals Silver coins and bars accumulated o... -
Finance 0
EC Rising Japan Metabolism—Better Growth, Tokyo Backlash And Rising Geopolitical Tensions
The news cycle from Japan has picked up this week. There is more evidence of an accelerating business cycle being compounded by a voter backlash against Prime Minister Shinzo Abe’s ruling party in the Tokyo Metropolitan Assembly election held Sunday, as well as growing evidence of rising geopolitical tensions in North Asia (with President Trump calling both PM Abe and China President Xi Jinping over the weekend). While the rising geopolitical tension adds an unfortunate new layer of complexity, the impact of the latest developments adds to our conviction that policy complacency is about to turn into pro-growth, pro-reform policy activism in... -
Finance 0
My ETF Trio
I’m feeling pretty good this morning since (a) I’m back home with my dogs (b) I’m feeling healthy again (c), in spite of the public buying up equities (d) I was able to hot glue gun my keyboard at EXACTLY the right angle to my desk. It was about two degrees off earlier, which was bugging the hell out of me. Now it is locked in a glorious position. I suspect you’re more interested hearing about my ETF picks than my keyboard angle, so I’ll say this: I have three positions, all of them profitable. They are all longs, but they are all ultrashorts, which means I am still thrusting knitting needles into the eyeballs of the bull... -
Finance 0
US Job Growth Rebounds In June, But 1-Year Trend Eases
US companies added 187,000 workers to payrolls in June, a moderate improvement over the upwardly revised 159,000 increase in the previous month, the Labor Department reports. That’s a healthy gain that suggests the economy overall remains on a positive track for the near term. But the year-over-year trend continues to point to softer growth generally for the labor market – a sign that economic activity may be vulnerable to deceleration in the second half of the year. Today’s numbers, on balance, however, offer a dose of encouragement. Most sectors of the labor market posted firmer gains last month, including the cyclically sensitive g... -
Finance 0
Can The Stock Market Do Something With Yesterday’s Breakdown?
Yesterday’s sell-off provides bears with a new opportunity At the midpoint yesterday it looked as if the market was going to enjoy another one of its intraday “V” shaped bounces that we have become accustomed to. But just as it was about to rally back to green, the market went on a massive sell-off that never looked back. Sure they’ll blame it on the violent protests at the G20 Summit, but I’m pretty sure the market couldn’t care less about that. Think back on when the market was selling off on North Korea launching a test missile. It sold off hard back then, but how many more tests has North Korea been... -
Finance 0
Canada Gains A Whopping 45.3K Jobs – USD/CAD Crashes To 1.29
Yet another excellent jobs report from Canada: 45.3K jobs gained. The unemployment rate drops to 6.5%, also a beat of expectations. USD/CAD is falling to a new low of 1.2902, also moving on the weak US jobs report. The current levels are new cycle lows. Support awaits at 1.2830 and 1.12750. Here is the big reaction on Dollar/CAD: a double whammy after the simultaneous releases: Canada was expected to report a gain of around 10K jobs in June, after a whopping leap of 54.5K back in May. The unemployment rate was expected to remain unchanged at 6.6%. Canada’s participation rate stood at 65.8% last time. USD/CAD was trading closer to 1.30, re... -
Finance 0
5 Breakout Stocks Offering Phenomenal Returns
For active investors who settle for nothing less than superlative returns, utilizing a breakout investment strategy come as a natural choice. This approach involves homing in on stocks trading within a tight range and buying them when they step out of this band. In keeping with this approach, they are offloaded whenever they move below this narrow band. If properly implemented, such a strategy could deliver impressive returns. Spotting Prospective Candidates In order to identify breakout stocks, you must first determine their resistance and support levels. A resistance level is the barrier which must be broken so as to be identified as a brea... -
Finance 0
Stocks, Dollar, & Bond Yields Pop, Gold Drops After Payrolls ‘Positivity’
Bonds and Bullion are down.. but following the better than expected payrolls print, stocks and the dollar (JPY and EUR weakness) are jumping higher as markets celebrate The Fed’s ability to tighten financial conditions further (and ignore The Fed’s fears over bubbles)… Stocks are up… The Dollar Index dipped on the report then ripped back higher… But Bonds are extending their losses… And Gold is getting hit… As a reminder… ... -
Finance 0
E Crude Oil Looking Higher
Crude oil can be trading in final stages of a corrective wave labeled as wave 2)/B). In fact, we can already see some intraday bullish activity picking up from the base, around Fibonacci ratio of 61.8, which can be an early indication that more gains can follow. However, let’s be patient and wait for a confirming price action, which means a five wave rally from current lows higher. Crude oil, 1h... -
Finance 0
NFP Reaction: “Goldilocks” Report For US Stocks
The US Bureau of Labor Statistics just reported the June Non-Farm Payrolls figures, and while that data wasn’t perfect, it is certainly reassuring for bulls on the US economy. On a headline basis, the US economy added 222k jobs in June, solidly above economists’ expectations of 175k new jobs. In addition, the BLS revised its estimate of jobs growth in the previous two months higher, for a net addition of 47k more jobs. Despite the strong job growth, the unemployment rate actually ticked higher to 4.4%, but because it was caused by a rise in the Labor Force Participation Rate to 62.8%, it represents a “good” rise in une...
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