Quote Of The Week – The Ultimate Absurdity
07/29/2018 2:36 PMFamed economist Thomas Sowell questions the absurdity of holding some people responible for things in the past while ignoring what they do today....
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These Stats are Guaranteed To Shock
07/29/2018 12:46 AMMy first thought was "are you kidding me" and it went downhill for there when I thought about the...
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Weldon Issues a Warning – Complete Show 07/28/2018
07/28/2018 6:57 PMMike's Editorial on the "The Key Ingredient For Prosperity ". One the world's most respected analysts, Greg Weldon issues a Warning. He also answers Michael's questions on where interest rates Stocks & Gold are going. The Goofy Award, The Shocking Stat, Live from the...
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The Key Ingredient For Prosperity
07/28/2018 6:14 PMThe link between freedom - especially freedom of speech - and economic properity is supported by an avalanche of research but it's also common sense. Economic growth and innovation isn't done by countries but rather by individuals and the free exchange of ideas -...
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Canadian optimism toward housing has frayed – report
07/27/2018 3:30 PMThe latest Housing and Mortgage Market in Canada report by Mortgage Professionals Canada revealed that stricter government measures are pushing consumers towards a more negative outlook for housing and real estate nationwide. In particular, the study pointed at...
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Big day for big oil
07/27/2018 2:37 PMBig oil is back, and we have earnings today but so is big LNG. OK, maybe the market for Liquefied Natural gas isn’t big yet but it is going to be. President Donald Trump boasted that “Europe will be a massive buyer of U.S. LNG as they will be able to diversify their...
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Conflicting Views on Crude Oil
07/27/2018 2:22 PMRecent days were good for oil bulls. Thanks to their action, the price of the commodity came back to around $70 and one of the daily indicators even generated a buy signal. Did the outlook turn to bullish? In our opinion, it didn’t. Furthermore, it seems that a fresh July low is still ahead of us. Why? The answer is quite simple – an analogy to the past.
Let’s take a closer look at the charts below (charts courtesy of http://stockcharts.com).
Technical Picture of Crude Oil
Click Chart For Larger Image
Looking at the above chart, we could summarize it with only three words: nothing has changed. Why? Because although crude oil increased a bit, it is still trading under the 38.2% Fibonacci retracement.
Nevertheless, if we draw a few additional lines on this chart, mark technical formations invisible at first glance with their ranges and compare the current situation to something that we have already seen in the past, our chart will become much more interesting. See for yourself.
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Cashin – “The Shorts Began To Panic”
07/27/2018 1:46 PMWith stocks surging and the US dollar rebounding, one of the legends in the business said, “The shorts began to panic.” A Short PanicHere is a portion of today’s note from legend Art Cashin: The stock market painted a beautiful picture yesterday but that wasn’t truly...
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It’s Always The Vulnerable Who Pay
07/27/2018 1:34 PMA forgotten lesson in the annals of bad economic policy is that the poor always pay the highest price. Our latest example comes from Venezualan Nicholas Maduro, who now claims he's going to implent a recovery program to help the poor, which has risen to 75% of the...
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Google Wins Bragging Rights With New Subsea Cable
07/26/2018 6:31 PMGoogle is trying to make history again, this time with a massive subsea cable project that would be the first one traversing the Atlantic and not solely owned by a telecommunications company.... CLICK for the complete...
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