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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Radio Free Wall Street
Posts Tagged ‘ Uptick ’
Federal Reserve’s Portfolio: the Short of a Lifetime
“In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.” – Rudiger Dornbusch Ben Bernanke made some surprisingly frank confessions in his House testimony about Fed portfolio risk. When asked what the effects of a mortgage refi program would be on his...
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Same Old Same Old
Having repeated essentially the same analysis and forecast for seemingly the past 10 days, I won’t bore subscribers with more of the same tonight, especially since it’s late and you have enough to digest with the housing report and the free reports on unemployment claims and retail sales. Cycle projections were down slightly in...
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Fed Transparent Only If The “Facts” Are Bullish
Liquidity indications have remained neutral over the two weeks since I last updated this report. Panic outflows from Europe boosting theUSsystem seem to have taken a breather, or been covered up, in the wake of the massive ECB liquidity operation just before Christmas. However, other indicators which had been bearish such as bank purchases...
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Signs Point to Economy’s Rise, but Experts See a False Dawn
December 21, 2011
Signs Point to Economy’s Rise, but Experts See a False Dawn
By ANNIE LOWREY
WASHINGTON — As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and stro...
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Liquidity Stagnant as Fed Sits on Hands, US Market Health Dependent On European Bank Diarrhea
Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks started dumping Treasuries again, but their non-Treasury/non-GSE trading accounts did uptick against a bearish trend. The big plus was again bank inflows which surged massively. Meanwhile the FOMC statement...
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Housing Picture No Darker
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally...
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Housing Data Paints Bleak Picture
Housing data for this month suggests that the usual seasonal uptick in prices has come to an end at a lower high than last year. Contracts are falling out at record rates as insolvent banks blow up deal after deal in the mortgage process. On the other hand, there are lots of cash buyers...
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Don’t Expect to See a Housing Market Rebound Anytime Soon
Dragged down by such anchors as a bulging pipeline of foreclosures and a dearth of buyers, it will be many more months - if not years - before a housing market rebound takes hold.
Symptoms of the limping U.S. economy, primarily an unemployment rate above 9% and weak...
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Record Profits for Health Insurers as Many Postpone Care
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.
The UnitedHealth Group, one o...
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LNG Imports: We Predicted How Japan Would Ease its Energy Crisis
Just days after Money Morning columnist Peter Krauth predicted a global uptick in liquefied natural gas (LNG) demand because of the nuclear-powerplant disaster in Japan, experts predicted the Asian heavyweight would boost LNG imports by 50% to help ease the massive energy shortage the country now faces because...
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Employment Numbers Not Good News For Housing
A clear and direct relationship has existed between employment and house prices in the US over the past 9 years. In order for housing prices to turn up, a necessary condition would be a sustained upturn in total employment. Although the widely reported seasonally adjusted employment data seems to indicate that such an upturn...
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Renewed Recession, Housing Bottom, and the Faux Chinese Luxury Bubble – UPDATE
UPDATE- The complete podcast has been posted for subscribers. The Wall Street Examiner’s Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meter focus their discussion this week on whether the data pointing to continued recovery are real or illusory, whether a housing bottom is in, signs of collapse...
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TSA Space Alien Detection Officers
TSA Space Alien Detection Officers (ADO)
When you think you’ve covered all your bases, something new comes along. This time, it’s invisible! New intelligence suggests that space aliens with invisibility cloaks have been going through our checkpoi...
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Payrolls Grow, Unemployment Drops- Sell The News
This morning’s data on payrolls and unemployment from the Bureau of Labor Statistics was a strong report. The question is whether it is sustainable. I like to look at the actual data rather than the seasonally adjusted data to get an accurate picture of what’s going on. It’s a choice between real numbers that tell...
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Unemployment Claims Update
First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the reports by reporting that claims were at 409,000, based on the seasonal hocus pocus. They report an uptick of 18,000 instead of 52,000. Both Dow Jones and Bloomberg are...
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Treasury Debt Trap
Commentary of economists Rogoff and Reinhart are often used as points of reference concerning thresholds of debt levels that trigger a debt trap. After the publication of their book on the topic, there were rebuttals from the debt-doesn’t-really-matter crowd. I did a cursory reading of these counterpoints and can only say that their arguments...
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Treasury Debt Trap
Commentary of economists Rogoff and Reinhart are often used as points of reference concerning thresholds of debt levels that trigger a debt trap. After the publication of their book on the topic, there were rebuttals from the debt-doesn’t-really...
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China’s Oct surplus up 61% over Sept surplus, to 27 billion
http://money.cnn.com/2010/11/09/news/international/china_trade_balance/
index.htm
Excerpt:
China's trade balance, which measures the difference between the nation's imports and exports, increased to a staggering $27.2 billion in October, a 61% increa...
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A Stake Through The Heart
Well, I guess I nailed that one... Heh heh. Sort of, anyway. Here's what I wrote in last night's Professional Edition Housing Update-
QuoteTomorrow’s Commerce Department new home sales data should be very weak. According to Econoday and Briefing.com...
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Best They Can Do?
Originally published by email . Use the form in the right sidebar to receive the free Wall Street Examiner Economic Bulletin emails. I update this chart of mortgage applications weekly in the Wall Street Examiner Professional Edition Fed Report. It is based on data published by the Mortgage Wankers Association each week. The more...
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Month End Paint Job or Something More – Professional Edition
Cycle based stock screening data was mostly negative on Monday. However, the strong uptick in new 4 week cycle signals… Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give...
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Case Chiller – False, Phony, and Fictitious
I made a little chart yesterday for a free podcast that I didn’t have time to post over on Radio Free Wall Street. I’m discovering that it’s a lot quicker to type a post than it is to talk about an issue for a few minutes and then produce a decent sounding podcast. But...
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As Good As It Gets- Again- Professional Edition Fed Report
Treasury market conditions were as good as it gets this week as the Treasury raised just $4 billion in new money. As expected, that gave a boost to end-of-quarter tape painting on Monday, with a little preemptory selling hitting the tape on Tuesday. The Fed stepped in as a buyer of both Treasuries and...
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Much Ado About Nothing – Professional Edition
Relatively strong results in the 2 year note auction were ballyhooed in the financial media today, but in reality the performance was simply borrowed from the bill auctions on Monday and earlier Tuesday. Taken as a whole there was no uptick in demand evident. That was the easy part as the market got help...
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Picking Up Strength- Professional Edition
The market’s uptick on Friday carried with it strong suggestions of an upturn in a key short term cycle. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you...
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Oil Prices Confirming ECRI Recession Call
Oil Prices Confirming ECRI Recession Call by: Lance Roberts November 9, 2011 As goes oil, so goes the economy. Today we posted an update as to why oil price spikes hurt even more when disposable incomes are already under pressure, as it acts as an a...
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