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  • Finance 0

    GBP/USD Breakout Capped By Near-Term Holding Pattern Ahead Of UK GDP

    Currency Last High Low Daily Change (pip) Daily Range (pip) GBP/USD 1.2828 1.2830 1.2775 32 55 GBP/USD Daily Chart – Created Using Trading View...
    On April 25, 2017 / By
  • Finance 0

    What Is Going On With Barrick? My Answer: Nothing Special

    Today Barrick Gold (ABX) released its 1Q 2017 report. In my opinion the results were decent however Barrick’s shares are diving now (at the time of writing this post they are 9.8% down). What is going on? Well, the company also published its updated production outlook for this year. Look at the table below: all figures in thousands of ounces  source: Simple Digressions The table compares the current and initial outlook (I have plotted the average values). Here is my comment: firstly, according to the current outlook, the overall production is estimated to stand at 5,428 thousand ounces of gold it means a cut of 365 thousand ounces...
    On April 25, 2017 / By
  • Finance 0

    Has Gold Lost Its Mojo

    Gold price enthusiasts are wondering why the recent rally has suddenly lost its “mojo”. Some analysts worry about the GDXJ ETF portfolio rebalancing, and others are focused on the global stock markets rally. That’s a seasonal chart for gold, courtesy of Dimitri Speck. While the headlines are full of news on North Korea and US GDP numbers, the main price drivers for gold rallies are much more mundane and cyclical. Indian and Chinese dealer buying for various love trade festivals is responsible for the three biggest annual gold price rallies, and dealer stocking for one of them (Akha Teej) is now essentially completed. So, gold takes a br...
    On April 25, 2017 / By
  • Finance 0

    Longevity And Income

    Americans do not like to talk about class. Many like to think that there are no classes in the US and that sufficient hard work and one’s socio-economic status can be raised. These days, discussions of the disparity of wealth and income are acceptable ways to talk about class.  There are various studies that suggest such mobility is becoming more difficult. A college degree no longer guarantees a secure middle-class living and lifestyle. Moreover, household income is a strong indicator of a range of life opportunities. In addition to consumption patterns, the location of residence, and marriage opportunities, income appears to...
    On April 25, 2017 / By
  • Finance 0

    EC Are Retailers Killing True Free-Market Pricing?

    American stores are dropping like flies. More than 8,600 retail locations could close their doors in 2017, according to a recent Credit Suisse report. On the other hand, people are still shopping, just in different ways. And the shift from brick-and-mortar stores to “online malls” has many consequences we don’t even understand yet. For example, it’s becoming clear that online retailers aren’t shy about using our own data against us. What do you call a market in which the price you pay depends on who you are? Shopping the Shoppers On the surface, online shopping seems to favor shoppers. It’s easy to compare prices, shipping cost an...
    On April 25, 2017 / By
  • Finance 0

    “Buyer Beware”: Trading VIX ETPs? You Probably Have No Idea What You’re Doing

    What started as a (mostly) innocent attempt on our part to highlight the multiplying canaries in the ETF coal mine, has recently morphed into a veritable crusade. When it comes to low-cost, passive investment vehicles, that old saying about “too much of a good thing” certainly applies. The rampant proliferation of ETFs has created all manner of market distortions and it’s by no means clear that the underlying mechanics (the creation/destruction process) will function smoothly in a pinch. In fact, if we learned anything from August 24, 2015, it’s that there’s something horribly wrong with the technicals – even if no one has been ...
    On April 25, 2017 / By
  • Finance 0

    Canada’s Soft Lumber And Dairy Are Easy Targets For Trump’s ‘America First’ Strategy

    Donald Trump is a very media-centric public figure. And because the chatter in DC now is of Trump as a legislative failure during his first hundred days in office, Trump needs a win – and Canada is an easy target. Here’s why. First, let’s remember what the objective for Trump here is. He campaigned on a promise of putting America’s interests forward above all others. This means taking unilateral action in a way that previous US presidents have not done. We’ve seen this on foreign policy now with Syria. But most Americans don’t have foreign policy uppermost in mind. And with his immigration ban, Obama healthcare repeal and Mexico-p...
    On April 25, 2017 / By
  • Finance 0

    Bull Flag Breakout People

    Shockingly the market didn’t sell-off the bull flag in the afternoon and maintained the breakout instead That afternoon sell-off has been strong of late, but the bull flag held strong on the charts and the breakout is still in play. Should you be short right now? Not according to the charts. Yes, there is plenty of headline risk out there, and North Korea is firing some missiles today, but the market seems unfazed. But you have a meeting at the White House with the entire Senate tomorrow, and bank on whatever is talked about being leaked to the media.  You simply cannot get 100 senators together and expect them all to remain tight-lipp...
    On April 25, 2017 / By
  • Finance 0

    Cisco Could See Tremendous Growth On The Trump Tax Plan

    This week, all eyes are on Donald Trump, and for good reason. You see, Donald Trump said that he will be releasing his tax plan at some point this week, and many are expecting it on Wednesday. For Cisco, this could prove to be a huge catalyst. Today, we’ll talk about what Trump said on the campaign trail about taxes, what this could mean for Cisco, and what binary options traders should be watching for ahead. Donald Trump’s Biggest Campaign Promise Could Become A Reality The truth is that President Donald Trump has made several promises throughout his campaign to become the president of the United States. While there were several promises...
    On April 25, 2017 / By
  • Finance 0

    Box Revenues Still Not Turning Into Profits

    Photo credit: jiunn kang too/Flickr.com. According to a recent report published by MarketsandMarkets, the cloud storage market size is estimated to grow $23.76 billion in 2016 to $74.94 billion by 2021. That translates to an annualized growth rate of 25.8% over the five-year period. Box’s Financials Box’s (NYSE: BOX) fourth quarter revenues grew 29% over the year to $109.9 million, ahead of the market’s expectations of $108.8 million. But the company continued to suffer losses and ended the quarter with a loss of $0.10 per share. However, it was better than the market’s expected loss of $0.13 per share. During the quarter, billings ...
    On April 25, 2017 / By