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  • Finance 0

    Gold Retains Its Upside Pressure

    Gold: The commodity continues to hold on to its upside pressure short term leaving risk higher in the new week. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, Gold looks to strengthe...
    On June 4, 2017 / By
  • Finance 0

    Emerging Markets: Preview Of The Week Of June 5

    EM FX closed last week on a firm note as weak US jobs data supported the notion that the Fed will find it hard to tighten in H2. No major US data will be reported this week and the FOMC embargo for the June 14 will be in effect. As such, there is little on the near-term horizon that might help the dollar, so it’s likely to remain on the defensive this week.   As always, political risk in EM remains significant. Brazil and South Africa continue to simmer, and we see more bad news ahead from both. As of this writing, the outcome of the Mexican state elections is not yet known.   Caixin reports May China services and composite PMIs Monday....
    On June 4, 2017 / By
  • Finance 0

    Ten Clean Energy Stocks For 2017: First Quarter Earnings

    In the two months since the last update, most of the stocks in my Ten Clean Energy model stocks portfolio have reported first quarter earnings. There were few surprises, and those were mostly pleasant ones, allowing the model portfolio to add to its gains, and pull a little farther ahead of its benchmark.   For the year to the end of May, the model portfolio is up 13.8%, 2% ahead of its benchmark.The benchmark is an 80/20 blend of the clean energy income benchmark (the Yieldco ETF YLCO) and the clean energy growth benchmark (Clean Energy ETF PBW), with the ratio matching the 80/20 mix of income and growth stocks in the model portfolio. The ...
    On June 4, 2017 / By
  • Finance 0

    Gold Price Eye Multi-Year Resistance Into June Open- ECB, RBA On Tap

    Fundamental Forecast for Gold:Neutral Gold testing key multi-year trendline resistance Gold prices rallied for a third consecutive week with the precious metal up more than 0.8% to trade at 1276 ahead of the New York close on Friday. The advance comes alongside continued strength in broader risk assets with all three major U.S. indices looking to close at fresh record highs. Bullion prices are now back at key structural resistance levels and heading into the start of June trade, this seemingly symbiotic relationship with risk U.S. Non-Farm Payrolls disappointed on Friday with a lackluster print of just 138K as the Labor Force Participation r...
    On June 4, 2017 / By
  • Finance 0

    Trend Following CRUS Stock – Patience & Discipline

    When trend following one needs to temper their expectations and always be patient. One leading stock exemplifies this, CRUS. CRUS breaks out only to pull back. You need to ask yourself ” How do I feel now?” More importantly one needs rules to protect themselves because in reality many times trades simply do not work. Do not fall in love with the company or the stock. Fall in love with your methodology and cherish being consistent.   ...
    On June 4, 2017 / By
  • Finance 0

    Curveball

    Let’s assume that you think the Fed will raise rates two more times this year, and for the sake of argument three times in 2018. It stands to reason that your forecast for two-year yields at the end of next year has to be about 2.5%-to-3.0%. The argument for this sequence of events seems fairly straightforward. The U.S. economy is growing—albeit not spectacularly—, unemployment is sub-5%, and the FOMC is anxious to put the era of super-loose monetary policy behind it. The key question, though, is what your corresponding forecasts for 5-year and 10-year yields are, because we’re closer to a do-or-die moment for bonds and the Fe...
    On June 4, 2017 / By
  • Finance 0

    Poised For Disruption: Tesla Inc Vs Ford Motor Company

    Disruptive car maker Tesla Inc (NASDAQ:TSLA) is freely reimagining every aspect of the modern auto experience- from how cars are purchased to the energy they need to drive. And this innovative strategy is paying off – Tesla’s market valuation soared an extraordinary 40% this year to over $50 billion. Now Tesla is now worth more than major auto players like Ford or General Motors. To put this into perspective, Tesla made 84,000 cars last year- which equates to about 1% of Ford’s annual sales. Even CEO Elon Musk says: “I do believe this market cap is higher than we have any right to deserve”. On the other end of the spectrum, trad...
    On June 4, 2017 / By
  • Finance 0

    Markets Build On Breakouts

    Two days of gains have pushed markets beyond their breakout levels and new closing highs. Volume has not been spectacular, but shareholders will not be complaining. Shorts will be out or left holding big losses. The Russell 2000 had the best of the action as it negated the ‘bear flag’ in a move which now looks destined to challenge of 1,425. The MACD is building on its ‘buy’ trigger but relative performance against the Nasdaq could do with a kicker to mark the return of Small Cap leadership.    The Nasdaq rally is making new highs with only a brief respite in May to mark a pause in the advance. It’s hard for bu...
    On June 4, 2017 / By
  • Finance 0

    Hedge Fund CIO: “Normally The Fed Would End This Bubble, But It Can’t This Time For One Reason”

    In his latest weekend notes, One River Asset Management CIO, Eric Peters, picks up where BofA’s Mike Hartnett left off on Friday when he said that the “QE Monster” will only end when “the Wall Street bubble” finally shocks the Fed. Yes, but what will “end it”, or better yet, what will “shock” Yellen and company out of their complacency? To this, Peters’ response is that the Fed finds itself in a big “quandary” not so much due to the S&P 500, and overall asset levels, which even Yellen now admits “pose risks to financial stability” as per the latest pose r...
    On June 4, 2017 / By
  • Finance 0

    The 2017 MLPA Conference

    Last week was the annual MLPA conference, in Orlando, Florida. It’s safe to say the guests at nearby Walt Disney World had a more carefree time than beleaguered MLP investors. One long-time attendee described the mood as “glum”, noting that energy sector investors had expected a more vigorous rebound. Although the conference is organized around presentations by management teams in the Hyatt Regency’s cavernous ballrooms, the private meetings that take place on the periphery are far more valuable. It’s also nice to catch up with some familiar faces. We had a full schedule of meetings with management teams, usually with just one or tw...
    On June 4, 2017 / By