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China’s Yuan Devaluation Is A Big Mistake

China’s Yuan Devaluation Is A Big Mistake

I find it amusing to read some analysts stating that the Chinese government’s stealth yuan devaluation has offset the impact of tariffs. A 10% tariff hurts a small part of the economy. However, a 10% devaluation hurts all Chinese citizens equally and massively. The yuan devaluation is not a tool for exports. Devaluations are a […]
5 Top Stocks To Buy Ahead Of The Fourth Quarter

5 Top Stocks To Buy Ahead Of The Fourth Quarter

The third quarter of 2018 is about to come to an end and the bull market remains intact. The S&P 500 is up more than 8% so far this year, with some of its stocks near all-time highs and many trading above the 200-day moving average. Chiefly, robust economic growth and upbeat corporate earnings helped […]
Weekly Economic And Political Timeline- Sunday, Sept. 30

Weekly Economic And Political Timeline- Sunday, Sept. 30

This week is likely to be active, as although there is less important data scheduled compared to last week, we will get the U.S. Dollar-related Non-Farm Payrolls data at the end of the week. There will also be a decision by the Reserve Bank of Australia on its interest rate. The market is likely to […]
Gold And Silver Days Of Extreme Volatility

Gold And Silver Days Of Extreme Volatility

Last week the Dow Jones saw new all-time highs on Thursday and Friday, but this week it saw none, closing the week -1.07% from last week’s close.  Is this the pause that refreshes? It very well could be, and then maybe not. One of the things bothering me about the stock market is what’s happening […]
Markets: Gone

Markets: Gone

Summer is long gone. The mood swing in markets last week was attributed mostly to US trade uncertainty and the FOMC rate hike but underneath all of the soggy price action is a feeling that the storyline driving markets in the summer – “Goldilocks” is transforming into something else. US divergence continues with the US […]
EURUSD Remains Vulnerable, Bear Pressure Eyes 1.1550/25 Zone

EURUSD Remains Vulnerable, Bear Pressure Eyes 1.1550/25 Zone

EURUSD remains vulnerable to the downside following its past week lower close. This development has opened the door for more weakness in the days ahead. On the upside, resistance comes in at the 1.1650 level. A break through there opens the door for more upside towards the 1.1700 level. Further up, resistance lies at the […]
Gold Through The Eyes Of Swiss Cheese

Gold Through The Eyes Of Swiss Cheese

  If only Gold were to return to the once-efficient nature of increasing its market value astride the non-stop growth in the stateside money supply (M2) — such debasement in tow with skyrocketing debt and derivatives — we’d have the whole package … or at least a present Gold price per the above Scoreboard in excess […]
Is It Finally Time To Buy Gold And Silver?

Is It Finally Time To Buy Gold And Silver?

Gold and silver have been exceptionally weak this year. Gold is now down 6 months in a row. From a short term perspective, this is about as bad as it gets for gold (historically). But here’s a very important point that I want to illustrate. Commercial hedgers are now long gold for the first time since […]
Has The Earnings Picture Started Weakening?

Has The Earnings Picture Started Weakening?

Strength in corporate earnings has been a key source of support for the stock market, helping offset to some extent other worries about issues like trade uncertainty and the Fed outlook. The market will be looking for reconfirmation of earnings strength in the Q3 earnings season, which has gotten underway already but will really get […]
USDJPY Weekly Analysis – Sunday, Sept. 30

USDJPY Weekly Analysis – Sunday, Sept. 30

USDJPY extended its upside movement from 104.63 to as high as 113.71. A further rise could be expected in a couple of weeks and the next target would be at 115.50 resistance. Near term support is at 112.50, only a breakdown below this would suggest that lengthier consolidation for the uptrend is needed, then the […]