All the warning signs were there, especially the backup in the CNY exchange rate. Chinese stocks had stood for a good run while the PBOC had flooded internal channels, but how much of that was real liquidity versus the appearance
February 25, 2016
In spite of the surging, surging, surging stock market, one puzzling outlier is the former momentum stock Amazon. Anything this well-known (and well-loved) that sits out a day like this merits attention. It needs to get above the tinted zone
Shanghai was the talk between many dealers again this morning after we saw heavy morning selling accompanied by afternoon selling, resulting in a 6.4% decline in the index. Financials were one of the leaders as the FX Yuan mid-point rate
Another good day for buyers as yesterday’s recovery saw some solid follow through, with short covering likely part of the mix. Volume climbed to register an accumulation day as the key 50-day MA was challenged for some indices. The S&P
The times they are a changin’. In the ’80s as well as the ’90s, corporations reported quarterly results that corresponded to generally accepted accounting principles (GAAP). These days, the vast majority of companies report “pro-forma” earnings that adjust for unusual,
Despite mounting data pointing toward a recession right around the corner, many mainstream analysts continue to insist that declining stock markets and other signs of economic turmoil are just a blip on the radar and things will quickly turn around. David
We discuss the immediate upside targets for gold and gold stocks (GDX, GDXJ). Video Length: 00:10:58
A nice $2 bullish move into the close surprised a lot of shorts who focused on the Cushing inventory builds, but missed that gasoline demand is moving oil higher as we move into the summer driving season ramp up. Video
VIX down, dollar down, stocks up. It was a good day for Wall Street and the sponsors of the paper chase. APPL is right on this particular case with the US, and deserve popular support. The government is making a
Video Length 00:17:49. Maurice Jackson: Welcome to Proven & Probable. I’m your host, Maurice Jackson, and joining me today is a very, very special guest, the Chairman of Sprott U.S. Holdings, Mr. Rick Rule. Rick, how are you doing today,
