Articles related to Ratios
 
Przemyslaw Radomski CFA - SunshineProfits
Tokenization of Gold
The Blockchain technology enables tokenization of gold. What does it mean for the precious metals market? Usually, investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating some synergies. For example, there is OneGram, which is a sharia-compliant cryptocurrency backed by gold. It means that each token is backed
Friday, October 13, 2017
Adam Hamilton - Zealllc
Gold Miners’ Q3’17 Preview
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more highly anticipated by investors, for good reason.  Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities.  Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector. Four times a year publicly-traded
Friday, October 13, 2017
Przemyslaw Radomski CFA - SunshineProfits
FOMC Minutes from September 2017 Meeting and Gold
Yesterday, the minutes of the Federal Reserve’s September meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? How can we summarize the recent FOMC minutes? As earlier this year, the FOMC members agreed that “the labor market had continued to strengthen and that economic activity had been rising moderately so far this year”. The U.S. central bankers also noted that the economic impact of recent hurricanes would only be short-lived. But the mos
Thursday, October 12, 2017
Przemyslaw Radomski CFA - SunshineProfits
Catalan Declaration of Independence and Gold
Yesterday, Catalan leaders signed a declaration of independence. What does it mean for the gold market? So it really happened. On Tuesday, the Catalan President, Carles Puigdemont, signed a document declaring Catalonia’s independence from Spain. He also delivered a speech in the regional parliament saying that the recent referendum gave his government the mandate to create a sovereign state: “I assume the mandate that Catalonia should become an independent state in the form of a republic.” (By t
Thursday, October 12, 2017
Przemyslaw Radomski CFA - SunshineProfits
Palladium Beats Platinum for the First Time in 16 Years
At the end of September, the price of palladium became higher than the price of platinum. What does it mean for the precious metals market? Initially, we wanted to provide investors with an update on Catalonia, but Catalan President Carles Puigdemont rescheduled the session of the Catalan Parliament for today. We will cover the developments in Spain in tomorrow’s Gold News Monitor, while today we focus on the historical development in the precious metals market. On September 28, palladium prices
Tuesday, October 10, 2017
Egon von Greyerz - Matterhorn AM
10 FACTORS TO PROPEL GOLD 10 FOLD
Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge. No fear Markets are expressing no fear and seem very comfortable at or near all-time tops. There is no concern that stocks are massively overvalued or that bond rates are at historical lows and only have one way to go. Nor is anyone worried
Monday, October 9, 2017
Przemyslaw Radomski CFA - SunshineProfits
September 2017 ECB Minutes and Gold
Yesterday, the minutes of the ECB’s September meeting were released. What do they say about the ECB stance and what do they mean for the gold market? After a short trip to Japan, we return to Europe. On Thursday, the European Central Bank issued the minutes from its September meeting. They were considered by the markets as dovish. This is because they showed that the officials were worried about the appreciation of the euro. Peter Praet, an executive board member and chief economist at the ECB,
Friday, October 6, 2017
Przemyslaw Radomski CFA - SunshineProfits
Catalonia Referendum and Gold
On Sunday, there was an independence vote in Spain’s Catalonia. What does it mean for the gold market? First of all, let us offer sincere condolences to the families and friends of the victims of the shooting spree in Las Vegas and of clashes with police in Catalonia. According to preliminary results, 90 percent of voters in Sunday’s were in favor of independence. The electoral turnout was about 43.5 percent, as about 2.26 million of 5.3 registered Catalans went to the ballot box. But let’s prov
Thursday, October 5, 2017
Przemyslaw Radomski CFA - SunshineProfits
Japanese Snap Election and Gold
Last week, Japan’s Prime Minister, Shinzo Abe, called a snap election. What does it imply for the gold market? The German parliamentary election and crisis over Catalonia have recently brought the investors’ attention to the Europe. However, interesting developments have also been unfolding in Japan. On September 25, 2017 Shinzo Abe, Japan’s Prime Minister, called a snap election to take advantage of a weak opposition and to strengthen his mandate to handle the demographic crisis and tensions ov
Thursday, October 5, 2017
Mish - Global Economic Analysis
Albert Edwards “Fed is a Slave to the SP 500”: Would Kevin Warsh Change That?
Society General’s Albert Edwards was at the Bank Credit Analyst annual conference in New York last week. Also in attendance were Larry Summers, Paul Volcker, and potentially the next Fed Chair, ex Fed-Governor Kevin Warsh. Edwards’ email comments on Warsh and Summers ring a bell with me. I was the first speaker and afterward I enjoyed listening to every other speaker at the two-day event. Most notable of the outside economics speakers were Paul Volker, Larry Summers, and most significantly fo
Wednesday, October 4, 2017
Przemyslaw Radomski CFA - SunshineProfits
Powell, Warsh and Gold
Yesterday, markets started to speculate that Fed Governor Jerome Powell could replace Chair Janet Yellen. What does it mean for the gold market? Yellen’s term expires in February. Her two predecessors served two terms, despite the changes in the White House. Actually, most presidents renominated the sitting Fed Chair upon taking office. However, Trump may not follow that tradition and appoint a new Chair. At the end of September, he began meetings with potential Chairs. He talked with a few cand
Wednesday, October 4, 2017
Przemyslaw Radomski CFA - SunshineProfits
Catalonia Referendum and Gold
On Sunday, there was an independence vote in Spain’s Catalonia. What does it mean for the gold market? First of all, let us offer sincere condolences to the families and friends of the victims of the shooting spree in Las Vegas and of clashes with police in Catalonia. According to preliminary results, 90 percent of voters in Sunday’s were in favor of independence. The electoral turnout was about 43.5 percent, as about 2.26 million of 5.3 registered Catalans went to the ballot box. But let’s prov
Tuesday, October 3, 2017
Gary Tanashian - Biwii
In Marketing and in Markets, Don't be the Mark!
By Gary TanashianI have made countless posts lampooning the mainstream media and its eyeball harvesting, click baiting content. This content and especially the associated headlines (let’s recall the classic R.I.P. Bond Bull Market as Charts Say Last Gasps Have Been Taken, dated Dec. 2016 as but one example) are designed to whip up emotions, draw attention and thereby gain traffic and ad dollars (diminishing though they are these days). nftrh.com is and always will be ad-free, by the way.So sure,
Sunday, September 24, 2017
Przemyslaw Radomski CFA - SunshineProfits
U.S. $20 Trillion Debt and Gold
On Friday, the total value of U.S. national debt surpassed $20 trillion. What does it imply for the gold market? As one can see in the chart below, U.S. public debt approached $20 trillion in the second quarter. Last week, it finally surpassed this level for the first time in history. It means that the debt also exceeds GDP. Chart 1: U.S. public debt (blue line, left axis) and U.S. public debt as percent of GDP (red line, right axis) between 1966 and 2017. To make matters worse, the U.S. inde
Sunday, September 24, 2017
Przemyslaw Radomski CFA - SunshineProfits
September 2017 FOMC Meeting and Gold
Yesterday, the Fed released its most recent monetary policy statement. How can it affect the financial markets? In line with expectations, the Fed kept the federal funds rate target unchanged at between 1.00 and 1.25 percent: “In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent”. As we predicted in yesterday’s preview, the statement was little changed, but the U.S. central bank
Sunday, September 24, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will German Elections Move Gold?
On Sunday, federal parliamentary elections will be held in Germany. What does it imply for the gold market? On September 24, Germans will elect members of the Bundestag, who will ultimately decide whether Angela Merkel, the incumbent chancellor, will govern for another four years. The opinion polls indicate that this is indeed likely to happen – and Merkel will win a fourth term in office. As one can see in the chart below, Merkel’s CDU/CSU has about a 15-percent lead over the SPD, its main riva
Sunday, September 24, 2017
Adam Hamilton - Zealllc
Fed QT Stocks, Gold Impact
This week’s landmark Federal Open Market Committee decision to launch quantitative tightening is one of the most-important and most-consequential actions in the Federal Reserve’s entire 104-year history.  QT changes everything for world financial markets levitated by years of quantitative easing.  The advent of the QT era has enormous implications for stock markets and gold that all investors need to understand. This week’s FOMC decision to birth QT in early Oc
Friday, September 22, 2017
Frank Shostak
  What Is the Correct Amount of Money?
Most economists believe that a growing economy requires a growing money stock, on the grounds that growth gives rise to a greater demand for money, which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression.Since growth in money supply is of such importance, it is not surprising that economists are continuously searching for the
Wednesday, September 20, 2017
Przemyslaw Radomski CFA - SunshineProfits
Germany Finishes Gold Repatriation
At the end of August, Germany completed its gold transfer process. What does it mean for the gold market? On August 23, 2017, the Bundesbank informed that it had finished the planned repatriation of gold earlier than originally assumed. The German central bank transferred approximately 300 tons of gold from the New York Fed and about 374 tons of the yellow metal from Paris in the years 2013-2016. In that way, the Bundesbank managed to realize its gold storage plan three years ahead of schedule.
Thursday, September 14, 2017
Przemyslaw Radomski CFA - SunshineProfits
Reverse HS Pattern in Gold
Last week, we received quite a few messages in which readers asked about the long-term reverse head-and-shoulders pattern in gold and related ratios. In today’s alert we discuss this in greater detail. Let’s jump right into the gold chart (charts courtesy of http://stockcharts.com). The shape of the head and shoulders may not be evident on the chart, so we marked it with grey rectangles (one for the head and two for the shoulders). Generally, there are several characteristics regarding the re
Monday, September 11, 2017
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