Royal Gold (Nasdaq: RGLD) is one of the world’s leading precious metals royalty & stream companies, engaged in the acquisition and management of gold, silver, copper, lead and zinc. The company owns interests on 194 properties in over 20 countries, including interests on 39 producing mines and 21 development stage projects. Last week, Royal Gold announced a fourth quarter dividend of US$0.24 per share of common stock payable on October 20, 2017. Its stock price closed on Friday at new 5 years high with a total gain of +37% YTD and +250% from last year low. The recent move higher during the month of August was significantly importa...
 The market-related factors of Hurricane Harvey are impossible to estimate but construction and rebuilding will be major projects in the area for at least several years ahead. Fortunately the ‘eye’ of Harvey missed densely-populated cities, while much like its namesake (Harvey the Rabbit); the storm is bouncing around in such an odd manner, that NOAA radar has tracks taking it in every direction. That means it’s oscillating and lingering basically and remains a flood threat for some days to come. Most of the damage will be from water, not wind as you know and that’s where the long-term rebuilding aspects will occur.Â...
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the past 3 months. Assuming that trends are usually ready to reverse after 12 months. Trading against very strong counter-trend movements by currency pairs made during the previousweek. Buying currencies with high interest rates and selling currencies with low interest rates. Let’s take a look a...
Last week’s blog post, The Changing MLP Investor, received more interest than usual.There’s no shortage of research explaining why MLPs are cheap, but it seems few stop to consider the mindset of those who decline to act on this opportunity. Sometimes it’s more helpful to understand the non-buyers. Following the collapse two years ago (see The 2015 MLP Crash; Why and What’s Next) the sector staged a strong recovery in 2016. However, over the last six months prices have sagged. Oil weakness earlier in the year was blamed, but in June crude began to recover and the previously high correlation with MLPs inconveniently fell. Prices for ...
USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this level will indicate that the downside movement from 1.3793 had completed at 1.2413 already, then the following upside movement could bring price back towards 1.3500....
There will be an option expiration on the Comex tomorrow, August 28th for the September contracts for gold and silver. Silver is a more significantly active metal in the September contract. The focus in gold trading now has shifted to October and December. Gold is jammed into resistance at the $1300 level as can easily be seen in the price chart below. There will be a Non-Farm Payrolls Report for the month of August on Friday, September 8.   ...
Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken). But the inflation problem lies in the fact that they don’t know what inflation is, and they’re just as knowledgeable when it comes to all other issues. They get sent tons of numbers and stats, and then compare these to their econom...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CAD(4X) followed by the EUR(3X) and the AUD(2X). The weaker currencies are the GBP(4X) followed by the NZD(3X) and the USD(2X). By diversifying a nice combination can be traded in the coming week like e.g.: GBP/CAD with the EUR/NZD GBP/AUD with the USD/CAD Ranking and Rating list Analysis is based on TA charts for all the major currency pairs.Every week the Forex ranking rating list will be prepared for the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set...
On July 23rd, I posted that a short term top was near due to overbought sector sentiment. We’ve now had a short term dip, but is it enough? If we look at 7 day momentum and sentiment for the S&P 500 Index (SPX) it has fallen to the level of minor dips over the past two years. However, it still has some room to fall if we’re going to see a more significant dip in a longer term uptrend. Breadth calculated between bullish and bearish stocks on the Twitter stream is declining, but the bullish count shows an intermediate term negative divergence, and a short term positive divergence with price. The bullish count will likely give us a sho...