The last six months have seen an almost unprecedented surge in world macroeconomic data upside-beats as the so-called ‘global coordinated growth’ narrative surprised more dismal economists. Until recently, The Baltic Dry shipping index had confirmed that narrative… But The Baltic Dry Index has dropped for 8 straight days, tumbling over 21% – the biggest drop since Jan 2015……
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up a nickel each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.23 and San Francisco, CA is the most expensive city, averaging $3.21. Oklahoma…
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long International Paper (IP) Long Forum Energy Technologies (FET) Short Royal Caribbean Cruises (RCL)
The US dollar index (#DX) increased by 0.01% to 91.57. Donald Trump`s petulancy on Twitter in the direction of Kim Jong-un contributed to a small dollar rollback by the end of yesterday’s trading. According to the US president, he also has a “nuclear button”. The euro and the pound continue to strengthen against the US…
Happy New Year! Over the weekend I found a quote by T.S. Eliot: “For last year’s words belong to last year’s language. And next year’s words await another voice.” In market terms, last year’s rally belongs to last year’s language. And this year’s rally awaits a fresh voice. However, I add one twist to that…
After Cardano coin’s market cap surpassed that of Litecoin, the digital coin continues to higher and higher ground. The price of the Cardano coin is up some 30% in the past 24 hours, already worth around $0.92, getting closer to parity with the US dollar. The ADA coin’s leap sends the market capitalization to $24 billion…
I believe there is a good chance that the precious metals will be an outstanding asset class in 2018 – Gold could outperform Bitcoin in the year ahead. The monthly Gold chart is shown to provide some historic perspective. Notice that the market is still finding its footing after the 2012 violation of its parabolic…
I believe there is a good chance that the precious metals will be an outstanding asset class in 2018 – Gold could outperform Bitcoin in the year ahead. The monthly Gold chart is shown to provide some historic perspective. Notice that the market is still finding its footing after the 2012 violation of its parabolic…
Median household income in the U.S. rose to an estimated $58,741 in November 2017, an increase of 0.2% from our previous October 2017 estimate of $58,643. The following chart shows our estimates for the trends for both nominal (red) and inflation-adjusted median household income (blue) from January 2000 through November 2017. In nominal terms, which provide…
Our gold price forecast for 2018 will potentially be invalidated. How more honest and transparent can you be as an analyst, right, even on the first trading day of the year. Let’s revisit our thesis, and the reasons why we believe gold will bullish in 2018, not bearish. Changing intermarket dynamics in 2018 Very important to note:…
