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The Most Important Chart Of 2016!
This chart courtesy www.macrotrends.net shows the price of gold compared to the US Monetary Base. The current ratio is at 0.30 and this is the lowest it has ever been. This makes gold the least expensive (compared to the monetary base), in history! When this index turned up in early 1970, the gold price rose from around $200 to $850. When this index turned up in 2001, the gold price rose from $260 to $1915. Interestingly, this index is once again in the process of turning up. This time it is turning up from the most ‘oversold’ level in history. This chart courtesy Nick Laird at Goldchartsrus.com shows money supply in the U... -
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No Believers In This Rally
Market participants who tweet just aren’t believing this rally. Even the strong upside move on Friday couldn’t get daily momentum and sentiment above zero. Seven day momentum is acting sluggish and isn’t responding well to upward price moves. When this occurs it generally means more downside is ahead. Since breadth is negative (next chart below) bear market rules now apply. That means we’ll probably see 7 day momentum peak in the +5 to + 10 area with a lot of failures near the zero line (during a bull market it peaks between +15 and +25). That gives this rally a bit more room to run, but be careful if you’re trading on the long side... -
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Wall Street’s Week Ahead:Gilead Sciences, Alphabet Inc, Chipotle Mexican Grill And Yahoo!
Wall Street has a busy week ahead packed with earnings from these stock giants. Find out what to watch for in reports from Gilead Sciences, Inc. (NASDAQ:GILD), Chipotle Mexican Grill, Inc.(NYSE:CMG), Alphabet Inc (NASDAQ:GOOGL) and Yahoo! Inc. (NASDAQ:YHOO). Gilead Sciences, Inc. Gilead will be reporting Q4 earnings on Tuesday, February 2, after market close. Analysts expect the company to post earnings of $2.99 on revenue of $8.11 billion, compared to the same quarter of last year in which the company posted $2.18 and $7.2 billion, respectively. Gilead is a bio-tech favorite thanks to its dominant position in the hepatitis C market. H... -
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Greece’s Talks With Creditors To Begin Monday
The talks between Athens and the heads of international lending institutions are expected to start on Monday, a source in the Greek Finance Ministry announced on Saturday. Earlier this week, the media reported that the lenders are returning to Greece to start the evaluation of the bailout implementation program next week. The quartet of creditors consists of the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund. According to the source, “The first round will last for several days. A break will be made at the end of the next week, then the lenders will return to conclude ... -
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2016 Bankruptcy Watchlist: 5 Stocks You Must Avoid
Bankruptcies — no one likes to talk about them, but they’re a reality of business. Just like with everything in life, there are winners and there are losers. So this week, we’re talking losers. It is time for the third installment of our annual companies destined for bankruptcy piece. Two places we’ll be scrutinizing this year are retail and the oil and gas stocks. But we’re also finding some trendy companies that will crash hard. From our 2014 Bankruptcy Watchlist, two names on the list are already in bankruptcy,Dendreon, and Walter Energy. Then there’s The Bon-Ton Stores, Inc. (NASDAQ: BONT), which has fallen 85% since we ... -
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What Amazon Earnings Miss Means For Tech
This is one investment idea where I can really speak from the heart. I was long Amazon (AMZN – Analyst Report) calls that were out of the money and they pretty much became worthless the day after earnings. Let’s take a look at the earnings miss and what it means for the broader technology market as well as some select retail stocks. The Miss Amazon reported revenues of $35.747B and that was below the Zacks Consensus Estimate of $35.9B. This marks the first time AMZN missed on the top line since the December 2014 quarter. Earnings per share came in at $1.00 and what was $0.61 below the Zacks Consensus Estimate for a negative earnin... -
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The Uptrend Is Still Intact
Market bulls finally have something to talk about. Last week, the S&P 500 (SPY) and the Nasdaq Composite Index (QQQ) both posted their first positive weeks of the year. Of course, the benchmarks have a long way to go before the optimists can truly jump for joy – both indices are down about 7% in 2016. And what about the third major index, the Dow Jones Industrial Average (DIA)? Today, we’re going to take a closer look at this critical index for technical traders, as well as two key levels to follow as we head into February. Inside the Lines Technical analysis is all about spotting support and resistance and then trading the trend. One... -
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Glistening Gold & The Rumble In The Ruble – America’s “Tribute Scam” Is Unraveling Fast
Before we discuss The Empire of Chaos ongoing attacks on “The Assassin Putin” and The Master of the Universe attempts to topple any challenge to Washington’s global hegemony, we thought the following chart may give some much needed context for where the pain really is – the drop in the oil price in local currency terms has been the least of all major nations… for Russia While a case can be made that for Moscow it would be a tremendous waste of hard-earned foreign exchange to try to counter a rig against their currency they simply cannot beat, as the entire fiat financial power of the US is against them. As Pep... -
Finance 0
Economists In Fantasyland: Economists See 20% Chance Of Recession That’s At Least 20% Likely Already Here
Economists have a perfect track record of 100% failure in ability to predict a recession. In a recession that’s at least 20% likely to have already started, Economists See 20% Chance of US Recession this Year. A Financial Times survey of 51 economists, conducted in the days after the Fed’s January meeting, underscores the impact of the past month’s severe market turbulence and a string of lacklustre economic reports out of the US and China. The fear that the world’s largest economy — considered the lone engine of global growth — is on the verge of recession has intensified. In the FT’s December survey economists had put...
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