The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars when stocks...Read More
* Consumer discretionary is top gainer, utilities biggest loser* Retail sales rise 0.4 percent; core sales up 0.3 percent* Rising rents, healthcare costs boost underlying U.S. inflation* Indexes up: Dow 0.79 pct, S&P 0.61 pct, Nasdaq 0.61 pct (Updates to close, adds commentary)By Sinead CarewJan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-qu...Read More
The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars wh...Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts & Video UpdateSF60 Key Charts & Video UpdateSF Juniors Key Charts & Video AnalysisSF Trader Time Key Charts & Video Analysis*********Unique Introduction For Gold-Eagle Readers: Send me an email to signals@superforcesignals.com and I'll send you a key "Getting Started With Crypto" video, and 3 of my next Super Force Surge S...Read More
By Jeff ClarkCrypto and stock prices grabbed most of the investment headlines in 2017. But by the end of 2018, a different asset class is bound to spark investor's attention.There are multiple reasons for that, starting with the fact that no trend or bull market lasts forever. But it's about more than just the prolonged run in equities and runaway prices in cryptos.There are three specific devel...Read More
BUENOS AIRES/SAO PAULO, Jan 12 (Reuters) - Banco do Brasil plans to wait for better market conditions before listing shares of Banco Patagonia, in which it has a majority stake, the CEO of Brazil's state-run bank told Banco Patagonia board members on Friday, two sources familiar with the matter said.CEO Paulo Rogerio Caffarelli reiterated in Buenos Aires that Banco do Brasil was not currently look...Read More
The US Stock Market is reaching its biggest bubble in history. When the price of the Dow Jones Index only moves in one direction... UP, it is setting up for one heck of a crash. While market corrections aren't fun for investors' portfolios, they are NECESSARY. However, it seems that corrections are no longer allowed to take place because if they did, then the tremendous leverage in the marke...Read More
By Gary TanashianSince January 2013 we have been using the worldwide Semiconductor Equipment industry as a leader within the Semiconductor sector, which is an economic cyclical leader itself. That month we noted a positive move in Equipment bookings, which became a (3 month) trend that spring. This trend was used to project positive economic signals to come.Through some turbulence in 2014 and 20...Read More
By Steve St. AngeloThe U.S. Stock Market is reaching its biggest bubble in history. When the price of the Dow Jones Index only moves in one direction... UP, it is setting up for one heck of a crash. While market corrections aren't fun for investors' portfolios, they are NECESSARY. However, it seems that corrections are no longer allowed to take place because if they did, then the tremendou...Read More
Jan 12 (Reuters) - The recent drop in U.S. unemployment poses a bigger risk to the sustainability of the economic recovery than lower-than-expected inflation, Boston Fed president Eric Rosengren said Friday.Inflation has run stubbornly below the Fed's 2-percent goal even as unemployment has fallen to 4.1 percent and looks set to decline further. Some Fed policymakers have urged waiting on rate hik...Read More
China's vehicle production and sales grew at a slower rate last year, according to data released by the China Association of Automobile Manufacturers (CAAM) late on Thursday January 11.A total of 29.02 million vehicles were produced in the country last year, and 28.88 million units were sold.These are up 3.2% and 3% respectively in comparison with 2016. Last year's growth rate for production fell...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
TORONTO, Jan 12 (Reuters) - Canada's main stock index ended barely higher on Friday, as rising gold miners, lumber companies and other resource stocks offset sharp losses for cannabis producers. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 21.24 points, or 0.13 percent, at 16,308.18. It lost 0.25 percent over the course of the week. (Reporting by Alastair Sharp;...Read More
NEW YORK, Jan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.The Dow Jones Industrial Average rose 228.46 points, or 0.89 percent, to 25,803.19, the S&P 500 gained 18.67 points, or 0.67 percent, to 2,786.23 and the...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------Martin Luther King Jr. Day (federal holiday)------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Washington economics team) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every eff...Read More
SANTIAGO, Jan 12 (Reuters) - Chilean retailer Cencosud said on Friday it plans to make $400 million in investments this year and expects revenue of $16.5 billion over the 12-month period.One of the largest retailers in South America, Cencosud said that its investment plan could be revised depending on the sale of non-strategic assets. (Reporting by Felipe Iturrieta; editing by Diane Craft) Discla...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
India's JSW Steel recorded its highest-ever quarterly crude steel output in October-December 2017, producing 4.11 million tonnes - up 7% compared with the same quarter in 2016.The October-December period is the third quarter of JSW Steel's 2017-2018 financial year, which runs to March 31, 2018. Flat steel production dropped 1% year on year to 2.82 million tonnes, while long steel production increa...Read More
* Rising rents, healthcare costs boost underlying U.S. inflation* Retail sales rise 0.4 percent; core sales up 0.3 percent* Facebook falls after making changes to News Feed* Indexes up: Dow 0.79 pct, S&P 0.61 pct, Nasdaq 0.61 pct (Updates to late afternoon, adds commentary, changes byline)By Sinead CarewJan 12 (Reuters) - Wall Street continued its rally on Friday as fourth-quarter earnings sea...Read More
* Consumer price inflation highest in 11 months* Two-year yields hit highest since 2008* U.S. retail sales rose in December, November's revised higher By Kate DuguidNEW YORK, Jan 12 (Reuters) - Treasury yields climbed on Friday as underlying U.S. consumer prices rose the most in 11 months in December, bolstering expectations of a pickup in domestic inflation and Federal Reserve interest rate hike...Read More