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Finance 0
Chart Of The Week: GSG Outperforms Gold
Back in mid-April the chart of the week asked if commodities had made a bottom. The answer was maybe in that the short and intermediate term had turned positive but the long term monthly chart had yet to trigger a buy signal. That hasn’t changed by the way. If you read my Global Asset Allocation updates you know I added gold to the portfolio last summer in response to a peak in real interest rates and a shift in momentum from stocks to gold. Early this year, our monthly momentum indicator gave a buy signal for gold. What seems to have slipped under the radar is that general commodities have lately been outperforming gold. Actually that ... -
Finance 0
Market Talk — May 20, 2016
The market seems happy that the JPY trades comfortable north of 110 as we saw a small 0.5% gain in the Nikkei today. Hang Seng performed better closing up over 1%. with Shanghai also closing near its highs. A quiet session to close the week but at least on a positive note. A quiet but very positive play in Europe also today. The stand-out performance were from FTSE and CAC both closing up 1.7% while DAX and IBEX returned 1.15% a piece. Unfortunately, GBP lost around 1% against the USD today which negates some of the FTSE gains. A quiet day in the US markets also but after the losses we saw earlier in the week a small rebound was very welcome.... -
Finance 0
Laterally Painful…. Locked Between Major EMA’s…
Just when it seems one side has control that control gets taken away. You get perfect action from the bulls. They break up through resistance only to have things reverse the very next day. The bears start to make a move for themselves. Just yesterday we tested below 2040 horizontal support, and then tested almost to the point at 2023 (2025 print), which is the 200-day exponential moving average. By the time the day ended we not only held 2023, but closed back above 2040. Both sides get very close to doing something special, but then it simply reverses either that very same day or the next day. No real reason behind this, but that’s what... -
Finance 0
E Things Have Changed… Maybe Everything
According to Jesse, “Proprietor” and longtime market observer at Café Americain, the “tension on the tape” indicates that there will be a big break in stocks and metals within the next week to ten days… and he said that three days ago. Without defining “tension on the tape” any more than Jesse does, I take his statement to mean that he expects significant downward movement in stocks and significant upward movement in precious metals. It’s a rare day when I can’t detach myself from the Internet, but after chasing point to point and fact to fact all day, I’ve concluded that... -
Finance 0
Yum Brands Authorizes Repurchase Of Up To $4.2B Of Shares
Yum! Brands announced that its board authorized repurchases of up to $4.2B in additional shares of common stock and declared a quarterly dividend of 46c per share of common stock. The additional share repurchases are part of Yum!’s previously announced commitment to returning $6.2B of capital to shareholders prior to the planned separation of its China business, which the company said is on track to be completed by the end of 2016. The capital will be returned in the form of share repurchases, a special dividend or a combination thereof, it added. The $4.2B in additional share repurchases of outstanding common stock is authorized throug... -
Finance 0
America’s Trash Is China’s Treasure
The scrap metal recycling industry is alive and well in China… to the tune of $50 billion.That’s right, $50 billion. And a treasure hunt has commenced amid the metal heaps. Some cunning entrepreneurs are pillaging the junk cars and metal shredders to scavenge for mutilated coins. Pennies, nickels, dimes, you name it. In today’s “Slap in the Face” Award, I reveal how they’re quite literally “cashing in” thanks to the U.S. Mint’s generous coin repatriation program. And the suspicions of foul play may shock you… Video Length: 00:02:53 Transcript:... -
Finance 0
TIC Update As Usual Offers Confirmation And Maybe A Warning
The Treasury Department’s updated official custody figures show us nothing unexpected. As usual, the TIC numbers are useful more so in corroboration of what contemporary analysis had already described. In the case of March 2016, we find just the sort of apparent reduction in “dollar” pressure that matches observation of general global conditions after February. Total net “flow” was +$64.7 billion, up from +$28.9 billion in February and -$33.4 billion in January. That is consistent with an end to general global liquidation via the eurodollar system at and around February 11. Improvement is, of course, a relative description which in ... -
Finance 0
Gold Stocks Following Bull Analogs
The gold stocks started to correct this week as large caps were off 13% at Thursday’s low. Both juniors and large caps have made tremendous gains since the January 19 bottom and are ripe for some profit taking. The Fed minutes provided the catalyst for such and we should also note the tendency for gold stocks, while in a bull market to peak in May. History argues that the miners could correct at least 20% now before moving higher. Below is the HUI Bull Analog chart which is updated through Wednesday. At this point in the 2008-2009 recovery the HUI corrected 22% and at this point in the 2000-2001 recovery the HUI corrected by 20%. Next is th... -
Finance 0
Why We Don’t Need A Gold Standard; There Is A Better Alternative
A highbrow is the kind of person who looks at a sausage and thinks of Picasso.- A. P. Herbert The first reaction from the hard money camp would be to state we are insane or that we longer value hard money. Taking that line of thought would only set you on the wrong track; we are not against hard money or the Gold standard. However, most of those in the hard money camp have a hard time dealing with reality. The reality is that very few even understand this concept and even fewer would be willing to embrace it. In the end, it’s the masses that determine whether or not a new trend, fad or rule will be embraced or not.Have the masses done anyt... -
Finance 0
How Oil’s New “Floor” Sets You Up For Big Gains
Over the past few weeks, you’ve seen me mention oil pricing “floors” more than once. Judging by your emails, many of you would like to know more. So today, we’re going to delve deeper. But first, let me restate the crucial point: establishing a floor in oil pricing (a price that oil won’t dip below) is what generates the ability to make money – for oil companies as well as for you as an investor. So you’re better off ignoring the anxious talking heads on TV who are concerned about whether oil will break the $50 a barrel “ceiling” or not. Instead, what’s important is that oil is now unlikely to dip below $42. That’s the ...
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