Germans, like Indians and Chinese, love their gold - although their reasons for buying and keeping bullion are somewhat different. In China and India, gold jewelry is a status symbol - a sign of wealth and success. In Germany, owning gold bars and coins, maybe a 24-karat ...
Richard (Rick) Mills
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January 24, 2020
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To put it mildly, the business of financial forecasting is not only an inexact science, it is a magnified case study in handicapping, the likes of which you find in sports betting such as horse racing or basketball. You take a basket of data inputs, such as the last fiv...
Streetwise Reports
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October 28, 2019
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If anyone has the right to say “I told you so,” it’s Bill Gates. Two years ago, the co-founder, former CEO and now former board member of Microsoft urged governments to step up their preparedness in the event of a modern global ...
Frank Holmes
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March 16, 2020
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(Image via Mind Medicine Inc.) To say 2020 was a challenging year is an understatement. From markets hitting unprecedented highs to the economic cratering in March due to the COVID-19 Coronavirus pandemic that put stocks across the board to the ultimat...
Stockhouse Editorial
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December 16, 2020
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2021 has started off with a bang for investors, as many sectors continue to weather the storm under COVID-19, which continues to spread to record numbers in the US, while the country watches as its outgoing President Donald Trump is impeached for a second time. Des...
Stockhouse Editorial
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January 13, 2021
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THE BIG PICTURE Recent data seems to cast doubt on the seemingly never-ending call for an imminent recession. From a September 20, 2019 Bloomberg article: “The U.S. economy is outperforming expectations by the most this year, offering a fresh rebuttal to last month&C...
Chris Ciovacco
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September 24, 2019
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HOW CONCERNING IS THE RECENT SPIKE IN OIL PRICES? Monday’s news was filled with blurbs similar to the one below from CNBC: “Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic g...
Chris Ciovacco
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September 18, 2019
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In recent days the market has moved from expecting a rate cut by January 2020 to now expecting as much as three rate cuts by then. As a result both Gold and gold stocks launched higher, forming a “three white soldiers” bullish reversal pattern. Last w...
Jordan Roy-Byrne, CMT
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June 11, 2019
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ROLLOVER PROCESS 2007-2008 Since every trade has a buyer and a seller, price action in the financial markets is determined by the conviction of buyers relative to the conviction of sellers. In the first half of 2007 (chart below), the conviction of buyers became stronger t...
Chris Ciovacco
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September 30, 2019
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RARE AND RAPID DROP IN ISM MANUFACTURING ISM Manufacturing PMI Index came in well below expectations on October 1, 2019 sparking renewed fear of a recession. Given the ISM Manufacturing Index was strong in August 2018 and plunged rapidly to the October 1, 2019 lev...
Chris Ciovacco
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October 3, 2019
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