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  • Finance 0

    Gold Reverses Gains – Thursday, April 20

    Gold prices moved lower on Wednesday as the greenback clawed back some of its recent losses. “Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and the end of March, with the pace of expansion equally split between modest and moderate… Employment expanded across the nation and increases ranged from modest to moderate during this period,” the Federal Reserve said in its Beige Book report. The medium-term outlook remains positive, with the market trading above the Ichimoku clouds on both the daily and 4-hourly charts, however, the short-term charts imply that the bulls may be losing momen...
    On April 20, 2017 / By
  • Finance 0

    Above The 40 – Stock Market Stasis

    AT40 = 47.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.1% of stocks are trading above their respective 200DMAsVIX = 14.9 (volatility index)Short-term Trading Call: cautiously bullish) Commentary The S&P 500 (SPY) ended last week on a sour note. The index hit its first 42 trading day low since the days going into last year’s U.S. Presidential election and confirmed a breakdown below support at its 50-day moving average (DMA) – something the market had not experienced since last September and October. The setup appeared perfect for sellers to finally make a serious point, but, as usual the...
    On April 20, 2017 / By
  • Finance 0

    Goldman Pours Cold Water On Trump’s Fiscal Stimulus Plan

    Goldman Sachs’ Chief US Political Economist Alec Phillips writes that tax reform faces a risk of failure, but tax cuts remain likely… in 2018 and investors need to stay realistic about the impact of fiscal stimulus. President Trump’s campaign proposals initially raised expectations of several forms of fiscal stimulus, driving investor optimism on both infrastructure spending and various elements of tax reform. However, we expect only tax cuts to have a meaningful effect on growth over the next couple of years. Three risks are behind this view: tax reform failure, fiscal constraints, and delayed enactment. Debates, delays, dist...
    On April 20, 2017 / By
  • Finance 0

    Creating A College Savings Plan For Your Kids

      It was brought to my attention that I ought to write a piece to help some of my peers with this struggle… Many Millennials are starting families, and even though their kids are facing an uncertain monetary future when it comes to retirement, the least that parents can do is insure that they have enough money saved for college. The trouble is that many Millennials are already facing a massive amount of debt themselves; so how can they possibly back-pay for their own education AND the eventual education of their own kids? Consider these rather shocking statistics today: 62% of college graduates will have a student loan debt averaging $...
    On April 20, 2017 / By
  • Finance 0

    NZD/USD Cannot Break Out Of Range Despite CPI Jump

    Prices in New Zealand surged by 1% in Q1 2017, above 0.8% expected and a much slower 0.4% that was reported in Q4 2016. Year over year, we also had a beat of 0.2%: CPI is up 2.2% against 2% expected. The kiwi did react positively to the news, but it never went very far. NZD/USD reached out to 0.7045 from just under 0.70 ahead of the publication. Looking just a few hours back, the pair had already traded around 0.7050, so this is only a move within the known ranges. Inflation figures drive the decisions of the central bank regarding interest rates. And, New Zealand publishes its inflation figures only once per quarter, making the rise more ...
    On April 20, 2017 / By
  • Finance 0

    Ultragenyx Pharmaceutical Reports Positive Phase III Data For Their Kyowa Hakko Kirin-Partnered Drug

    Ultragenyx Pharmaceutical Inc. (Nasdaq: RARE) has reported clearly positive Phase III data for their Kyowa Hakko Kirin-partnered drug for X-linked hypophosphatemia, and now they plan to hustle that data package to regulators at the FDA and EMA. Written by John Carroll (ENDpts.com) Researchers recruited 134 patients for the study, and found that 94% of the patients treated with burosumab achieved normal serum phosphorus levels, compared to only 8% in the placebo arm. The drug also hit on a couple of secondary endpoints, rating improvements in stiffness and physical function, but missed statistical significance on the pain score. Kyowa Hakko K...
    On April 20, 2017 / By
  • Finance 0

    3 Best Real Estate Mutual Funds To Add To Your Portfolio

    Investing in the real estate sector adds stability to a portfolio, mainly because the volatility in property prices is far less than what is experienced by stocks. Hence, investors willing to hold long-term positions would do well to consider real estate mutual funds as they add stability and bring steady returns to a portfolio. This category of funds also offers superior protection against inflation and is a solid investment choice. Below we share with you three best-rated real estate mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to s...
    On April 20, 2017 / By
  • Finance 0

    Gold Prices Drop As Risk Recovery Boosts Yields – Now What?

    Gold prices pulled back as the US Dollar recovered alongside front-end Treasury bond yields, undermining support for non-interest-bearing and anti-fiat assets. A broad-based recovery in risk appetite appeared to drive the move, with rates and the greenback tracking shares upward through Asian and European trade. Sentiment soured as Wall Street came online, with disappointing EIA inventory data sinking crude oil prices. Energy-linked shares followed suit, dragging down equity averages. Rates managed to hold up however, helped by a sanguine Fed Beige Book and upbeat comments Stanley Fischer and Eric Rosengren. A quiet economic calen...
    On April 20, 2017 / By
  • Finance 0

    17 Reasons Why You Should Own Gold

    Gold has no counter-party risk in a 2008-style crash. The continual devaluation of the US dollar is inevitable. Gold will eventually return to its true historic role as money. The destruction of government balance sheets, continual devaluations, and the widespread implementation of zero interest rate policies probably will result in hyper-inflation. Central banks are nearing an inflection point where they no longer can supply the gold necessary to prevent rising gold prices. Gold has survived governments, leaders, parliaments, central bankers, economic stupidity, graft, corruption, and wars. Investment demand for gold is rapidly accelerati...
    On April 20, 2017 / By
  • Finance 0

    The Best Way To Build Wealth Depends On Your Own Real Estate Goals

    We have all heard it before: real estate is one of today’s best wealth-building strategies, if not the best way to build wealth. And while you could certainly argue whether or not real estate belongs at the very top of everyones list, there is absolutely no reason to believe it doesn’t warrant consideration for the best wealth-building strategy of all time. Mind you, a little due diligence, some forward thinking, and some hard work can go a long way in the housing sector. Today’s best investors know it, and perhaps it’s time you started taking some notes of your own. 2016 saw home flipping increase three percent to a 10-year high. In...
    On April 20, 2017 / By