Author Archive: Jeremy Parkinson
Gold Rises On Yellen Testimony
Gold prices ended Wednesday’s session up $3.80 an ounce, extending their gains to a third-straight session, after Federal Reserve Chair Janet Yellen signaled a cautious approach to further monetary tightening. Yellen said the Federal Reserve will need to keep gradually raising interest rates in the coming years, but not to levels seen in previous rate […]
Brexit Briefing: EU Negotiator Ramps Up The Rhetoric
Ahead of next Monday’s meeting, EU chief negotiator Michel Barnier was in no mood to offer his UK counterpart David Davis an olive branch as he once again highlighted the obligations that the UK must adhere to before trade talks could commence. Barnier said that there still remained ‘numerous differences’ on the rights of EU […]
Fed In Wait-And-See Mode; Next Hike Likely In September – SEB
What did we learn from Fed Chair Janet Yellen? Her prepared statement contained some worries about inflation, but she later balanced things out. Here is the view from SEB: Here is their view, courtesy of eFXnews: SEB Research comments on Fed Yellen’s testimony before the Congress. “Today’s testimony reinforces our view that the Fed is currently in […]
Gold Market Update
In the last update we had thought that gold might escape its usual seasonal malaise this year, but it didn’t and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at all, which remains strongly bullish, and […]
Bank Stock Earnings Preview
There are several banks reporting earnings on Friday before the market opens. The financials have seen a solid run over the last few weeks after their balance sheets all passed the stress tests. A great number of banks also increased dividends and raised their buybacks at that time, so does that mean we are going […]
Can You Trust This Mining Giant’s Dividend?
Rio Tinto (NYSE: RIO) is one of the world’s leading miners. It has been in business for 140 years and employs 50,000 workers in 35 countries. The company mines for aluminum, copper, diamonds, uranium and various other natural resources. But our SafetyNet Pro’s analysis of the company tells a different story… Last year, holders of […]
Dear Investor, Don’t Worry About The Recent Moves Higher In The Ten-Year
Add MKM Partners Chief Economist & Market Strategist Michael Darda to the increasingly long list of analysts who are looking for the US Federal Reserve to start a balance sheet diet in September. Oh, and about those recent moves higher in the US Ten Year Note, don’t worry, dear investor. There is a relative value […]
The Internet Of Things Showdown: Cisco Vs. Sierra Wireless
As technology advances, we are becoming more and more interested in the idea of home automation. We feel that it would be great to have the lights turn on at a certain time or even have the blinds automatically go up in the morning. This is called the internet of things and we are only […]
Is Trust In Banking Up Or Down?
Ever since the financial crisis, it’s not uncommon to read articles and studies about trust in banking and whether trust is “up” or “down.” In the past year alone: Ernst & Young reports consumer trust in banks is diminishing. September 2016 International Banker claims that trust is often found wanting in today’s banking relationships. December […]
