Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Ism ’
Euro trash banks head to landfill
As things get worse for the European banks ahead of the Sept. 7 German constiitutional court ruling on the EFSF http://www.zerohedge.com/news/more-bad-news-euro-banks-socgen-intesa-and-unicredit-
kicked-out-stoxx-50-index?utm_source=feedburner&utm_medi...
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The Real Reason for Yesterday’s Stock-Market Sell-Off
On Aug. 11, 2010, the Dow Jones Industrial Average plunged 265 points, or 2.5%.
This Tuesday - almost exactly one year later - the Dow dropped ... 265 points.
Those carbon-copy stock-market sell-offs weren't a coincidence. - as yesterday's (Thursday's) 512-point drop and further weakness will prove.
Although the...
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Week-long Rally Shows Bull Market Still Has Some Kick Left
U.S. stocks ripped higher every day of the past week following positive news on U.S. manufacturing, Greek sovereign debt and an absolutely epic amount of short-covering.
The past week's rally has shown at least that the spirit of the bull market still lives. It rarely pays to...
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ISM Services A Pretty Good Indicator
The ISM Non-Manufacturing index rose to 57.1 in December. This chart shows the ISM Non-Manufacturing index overlaid with the S&P 500. It shows that the stock market does not lead the economy. The idea of the market as a discounting mechanism is a Wall Street shibboleth. In fact, there are instances where economic data...
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Hooks
The Federal Reserve will buy $600 billion of Treasuries over the next 8 months. It will relax its 35% self-imposed limited per security. This is in addition to the $35 billion per month anticipated from mortgage securities maturing. In effect, the Fed is going to monetize the entire Treasury issue going forward. James Cramer...
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My Rapid Fire Tweets This Morning
Lee_Adler ...
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Mission Accomplished: Stranguflation
The Fed’s ludicrous attempts to thwart a deflating credit bubble with easy money has only lit a fuse under food and prices paid for goods producers. Talking the QE2 game and intervention into the market is showing up in M2, and as I anticipated has translated into inflating the essentials that people need and input goods...
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Don’t Fight the ISM?
I just love correlation charts. Unlike the useless, biased spin fed to us from Wall Street’s market strategoists and egonomists, the charts are just the facts, M’am, just the facts, and you can see them for yourselves. I ran these ISM charts back to 1948 when the ISM, formerly the NAPalM, began this survey....
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More Little Lies and Big Spin- Gains or Blips?
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose...
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