2016 has been a great year for gold. Its currently up 17%. This is the best time to invest in gold for the long-term investor. The Elliott Wave Principle is a form of ‘technical analysis’ that believes investors move between periods of bullish and bearish thinking in a reasonably consistent pattern. The Elliott Wave Principle is based on his ‘empirically’ derived discovery in the 1930s that market prices move in recognizable, repeating patterns and that these patterns reflect a basic natural harmony manifested in the inherent herding behavior of crowds. Elliott discovered that these crowd behavior cycles appeared at every time s...
It shouldn’t be hard to understand that nearly 90 months of ZIRP has regenerated the equity and real estate bubbles that first pushed the global economy off a cliff back in 2007. In fact, the Fed’s unprecedented foray with interest rate manipulation has caused these assets to become far more detached from underlying fundamentals than they were prior to the start of the Great Recession. The prima facie evidence for the stock market bubble can be found in the near record valuation of the S&P 500 in relation to GDP and in its median PE multiple. But perhaps the best metric to illustrate this overvaluation of equities is the current 1.8 P...
Silver prices were, at the time of writing, bearish below the March 19 high of $16.89 and attempted to breach last week’s low of $16.32. Below last week’s low, the next support level was the April 18 low of $16.09 and the April 14 low of $15.89. The trend is bearish below the March 19 high of $16.89, as it is one of the several swing highs created following price reaching a high of $17.36 on May 16. The preceding swing high of the March 19 high is the intraday high of $17.15, formed on the afternoon of May 18. A more recent swing high is the March 20 high of $16.63, however, as it is short-term in nature it is more interesting for sh...
The U.S. dollar posted a third week of gains on Friday, close to its highest level in two months. Gains were primarily attributable to higher chances of a Fed rate hike in June. Despite the decline versus the yen experienced on Monday, the greenback’s rise is expected to continue in the days ahead. Companies which primarily conduct their business within the U.S. are expected to gain from the dollar’s surge. A widely expected rebound in U.S. GDP will also give such stocks an added impetus. Adding such stocks to your portfolio makes good sense at this time. Dollar Rises on Possible Rate Hike The dollar registered its third successive weekly...
According to MarketandMarkets, the artificial intelligence (AI) market is estimated to grow from $419.7 million in 2014 to $5.05 billion by 2020, growing at a CAGR of 53.65% from 2015 to 2020. The Media and Advertising sector is expected to drive the growth of AI during this period. IBM, Microsoft, and Google are key players in the market, and now Salesforce is trying to make inroads into it. Salesforce’s Financials For the first quarter of fiscal 2017, Salesforce’s revenue grew 27% over the year to $1.92 billion, above analyst estimate of $1.89 billion. Net income was $38.8 billion or $0.06 per share. Non GAAP EPS was $0.24, beating anal...
Cotiviti Holdings (Pending:COTV) filed an S1/A with the Securities and Exchange Commission on May 16 for its upcoming IPO. The company expects to raise up to $273.15 million. Cotiviti Holdings, based in Atlanta, Georgia, provides payment solutions that are analytics-based to ensure accuracy, primarily for the healthcare industry. The company serves more than 40 healthcare organizations, including Medicare, Medicaid and commercial managed healthcare plans. It also provides payment solutions to the retail industry, working with more than 40 retailers, including eight out of the top 10 largest retailers in the U.S. Cotiviti Holdings plans to m...
The US sure is concerned about further BoJ intervention, the real question is why now? What is really going on behind the scenes? We delve into some of the possibilities that we think are at play here behind the scenes at the Federal Reserve and the U.S. Treasury. Video Length: 00:10:30...
The last few weeks have seen ‘Project Fear’ taken to all new levels by the UK establishment as doom-mongering over a possible Brexit conjure images of post-apocalyptic movies. UK PM Cameron and Chanceller Osborne’s latest op-ed tirade warns of 800,000 jobs lost and an “immediate year-long recession” if the Brits exercise their democratic right to vote for sovereignty over tyranny. Judging from the polls, which show Brexit odds tumbling, the fear-mongery is working, however, the markets disagree as forward volatility measures near 2016 highs. As IBTimes reports, up to 800,000 jobs across the UK could be axed if...
Over the weekend, Sam Fleming with the Financial Times interviewed Boston Fed President Eric Rosengren about why the Fed is likely to tighten monetary policy sooner rather than later. “The reason they should believe this time is different is that the economic conditions are changing over this period. If you go back to February there was a lot of financial market turbulence. The first quarter ended up being quite weak. Real GDP for the first quarter, at least from the preliminary report, was only half a per cent. You don’t need to tighten if the economy is weak and you are concerned about global market conditions potentially making it weak...
It’s the Monday following the second leg of the Triple Crown and a whole bunch of people lost money betting on the Preakness. Like the stock market, the allure of gambling is strong because many people think that having more money will solve most of their problems. And while there are some similarities between investing and gambling we should be clear that they are not nearly as similar as some people might believe. First, some definitions: Gambling is placing capital at risk in a zero sum game with an uncertain outcome in a system in which the odds are generally unfavorable over long periods of time. Investing, on the other hand, is plac...