Junior Gold Miners (GDXJ) Breaking Three Month Downtrend?
For several weeks I have been expecting a major secular bottom in precious metals and the junior miner. I told you to watch for the accumulation after a shakeout. See the full article from several weeks ago by clicking on the following link. The junior gold miners (GDXJ) appear to be on the verge of […]
GSR & USD Diverge On Draghi
Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio is non-confirming, and thus per yesterday’s post we are still going with the potential of an asset rally that could include other items besides stocks. As […]
Chicago Fed Nat’l Activity Index: Oct 2014 Preview
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to decelerate to a +0.11 reading in the October update that’s scheduled for release on Monday (Nov. 24), based on The Capital Spectator’s median econometric point forecast for several econometric estimates. The projection is moderately below the +0.25 value for September, which […]
Mega Phone Pattern Breaks To The Upside, Bullish For Dow
John Melloy, CNBC’s investing editor, discusses the Mega Phone pattern in this Video and goes into more detail in an article he wrote (see here). The one things that continues to get my attention is this… The Dow created the second largest monthly bullish wick in the past 10-years, last month at the top of […]
E IPO Of The Week: The Habit Restaurants
On Thursday, Nasdaq welcomed The Habit Restaurants, Inc. (HABT) to its ranks: Nasdaq (NDAQ) announced that trading of The Habit Restaurants, Inc. (HABT) commenced on The Nasdaq Stock Market on November 20, 2014. The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant concept that specializes in preparing fresh, […]
Dutch Quietly Repatriate 120 Tonnes Of Gold From New York
It looks like the Dutch brought back 120 tonnes of their gold from New York while no one was looking. Meanwhile Germany patiently waits, for years, and the Swiss dither. The Wall Street Banks thank you for your patience. Have a nice day. DutchNews.nl Dutch bring 120 tonnes of gold back to Amsterdam from New York November 21, 2014 The Dutch […]
Mr. Gono, Are You On The Line
Source: Wikipedia Dear Diary, The Dow is still pushing higher. Gold is back below $1,200 an ounce. The US economy appears stable. The stock market – which is supposed to know all, see all and understand nothing – tells us it is clear sailing ahead. We are fools to believe it; perhaps we are fools if […]
3 Reasons To Love And Hate Stock Market Trends
Nearly everyone in investing has heard the axiom: “the trend is your friend”. This popular rhyme is generally used to convey confidence in an investment theme, and underscore a historical penchant for price direction. As a believer in trend following, I am drawn to moving averages and statistical evidence supporting my investment thesis. In […]
Market Commentary: DOW, SP500 Make New Highs On Heavy Volume
Written by Gary Premarkets were up +0.8% this morning with noticeable volume which translated into a gap up at the opening. Markets opened in the +0.8% range on high volume setting new historic highs for the DOW and the SP500. By 10 am the Nasdaq was within 10% of its historic highs set in 2000 and […]
Marvell Beats On Q3 Earnings Estimates, Issues Q4 Guidance
Marvell Technology Group (MRVL – Snapshot Report) reported third-quarter fiscal 2015 adjusted earnings (including stock-based compensation but excluding amortization, acquisition, restructuring and legal related expenses) of 23 cents per share, which beat the Zacks Consensus Estimate of 22 cents. Earnings declined both sequentially and year over year, mainly because the company adjusted tax benefits in both historical periods. […]
