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Finance 0
Silver Relative Strength Report
Gold went down (as the muggles would measure it, in dollars). It dropped almost 40 bucks. Silver fell almost 60 cents. Since silver fell proportionally farther than gold, the gold-silver ratio went up. Why do we keep reiterating that gold goes nowhere, that it’s the dollar which mostly goes down over long periods of time and sometimes up as in 2011-2015? Why do we insist that the dollar be measured in gold, and that gold cannot be measured in dollars the way a steel meter stick cannot be measured in rubber bands? Some ideas are impossible to understand using the dollar paradigm. For example, gold is in the process of withdrawing its b... -
Finance 0
An Easter Egg…The Jaws Of Life
I would like to show you some more charts on some if the different stock market indices we looked at in the last Weekend Report. Last weekend we looked at a lot of the bull market uptrend channels that are still in place since the 2009 crash low. It’s always important to keep an open mind no matter how strongly we believe things to be when it comes to the stock markets. Everyone can’t get in at the bottom and everyone can’t get out at the top and then there is the consolidation phase that trips up both the bull and the bears alike. Lets start with a daily chart for the INDU which I’m showing a large trading range that began during las... -
Finance 0
Weekly Forex Preview: March Jobs Reports!
The US Dollar posted a dramatic turnaround last week erasing the gains from the previous week. Closing the week ending 25th March as the strongest currency, the US dollar was supported mostly by various Fed members’ speaking engagements who came out broadly in support of a rate hike. Economic data from the US was mixed this week as durable goods orders showed a contraction in February. However, the final revised GDP for the fourth quarter of 2015 was yet again, revised higher to 1.40%, from 1.10% revision in the second quarter. Despite a thin holiday trading on Friday, the Dollar managed to bounce higher closing the week with gains. ... -
Finance 0
Yangon Stock Market Opens Trading With One Listing
Back in December 2015, Myanmar, a Southeast Asian nation formerly called Burma, opened a new stock exchange in its main city of Yangon. The Yangon Stock Exchange (YSX) was founded, after a 20-year wait, at a cost of $24 million, by the state-owned Myanmar Economic Bank, Daiwa Securities and Japan Exchange Group, a company that operates the Tokyo Stock Exchange. The stock exchange began trading on Friday with a single listed company, First Myanmar Investment (FMI), one of Myanmar’s largest companies. FMI is owned by local tycoon Serge Pun who rang the bell on trading at 11 a.m. (04:30 GMT) inside a renovated colonial building that once ... -
Finance 0
How Stupid Do You Have To Be To Let This Happen?
Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do we explain this: After World War II most European countries set up generous entitlement systems including government pensions designed to offer dignified retirements to citizens who had worked hard and paid taxes and obeyed the rules for a lifetime. BUT they didn’t bother putting anything aside for the inevitable — and mathematically pr... -
Finance 0
Rich Dad’s Demographic Crash Thesis Vs. Mish’s “Pain Trade” Thesis
Author and real estate mogul Robert Kiyosaki, better known as “Rich Dad“, is predicting a stock market crash starting in 2016. Unlike others who perpetually predict crashes, Kiyosaki made his crash claim in his 2002 book “Rich Dad’s Prophecy”. Kiyosaki’s most recent prediction is based on demographics. He now says we are “right on schedule” for a 2016 crash. In a writing career spanning decades, Kiyosaki wrote a series of books, and conducted countless promotions and seminars incorporating the name “Rich Dad”. In a recent MarketWatch interview, ‘Rich Dad’ Author Says Collapse he Foresaw in 2002 is Coming.... -
Finance 0
The World Has 6 Options To Avoid Japan’s Fate, And According To HSBC, They Are All Very Depressing
Last week, when looking back at consensus economist forecasts for Japanese growth as of 1995, we compared what the pundits thought would happen, and what actually did happen: the result was what may have been the worst forecast of all time, leading to a 25% error rate in just five years later. It also unleashed the start of Japan’s three lost decades. But while laughably wrong economist forecasts are nothing new, a more troubling observation emerges when comparing the evolution of Japan’s 10Y yields start in the 1990s… …with those in the rest of the western world, which are slowly converging with Japan and the Y-a... -
Finance 0
The ECB’s March Announcements: Some Facts And Some Philosophy
On March 10, the European Central Bank announced an eagerly awaited new round of stimulus measures. This fell flat, and it has left some people wondering whether the bazookas of the central banks have become pop guns. As Andrew Bosomworth put it, in PIMCO’s blog, the ECB ”ticked all the boxes”: targeted long-term refinancing operations (TLTROs); rate cuts; and stepped-up asset purchases. The new series of TLTROs, collectively called the TLTRO II, will be launched this June, a series of instruments with a maturity of four years each, with borrowing conditions “as low as the interest rate on the deposit facility”. That is, the... -
Finance 0
Will Gold’s Multi-Year Down Trend Resume In Q2?
Gold embarked on an aggressive recovery in the first quarter of 2016, buoyed by a slump in Federal Reserve rate hike expectations. A dovish shift in investors’ policy bets reduces the opportunity cost to owning gold versus interest-bearing assets while boosting demand for alternative stores of value to hedge against increased inflation risk. Prices traded to just shy of the $1300/oz figure, hitting the highest levels in over a year. When the Fed projected 100bps in 2016 tightening following post-QE rates “liftoff” in December, traders priced in just 50bps. As the calendar turned to 2016, the prospect of a more hawkish central bank than ... -
Finance 0
Insider Weekends-March 27, 2016
Insider buying decreased significantly last week with insiders buying $38.86 million of stock compared to $269.24 million in the week prior. Selling also decreased significantly with insiders selling $635.25 million of stock last week compared to $1.33 billion in the week prior. This muted activity is not unusual as we approach the end of the quarter and most companies enter a quite period when insiders cannot purchase or sell their stock. Insider buying in our previous report was dominated by biotech stocks and this week is no different with biotech stocks accounting for three of the five top purchases. Amongst the insider purchases OvaS...
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