Monday, November 3, 2014
GoldSeek.com Radio: Charles Nenner & Kevin Kerr, and your host Chris Waltzek
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HUI / Gold Ratio Hits Lowest Level Ever Recorded (Updated with Gold Chart)
Trader Dan Norcini
I have been detailing this ratio chart quick often of late as I am of the opinion that the gold shares still lead the price of the metal. My concern for the outright price of gold has been noted as this plunging ratio has been a very good indicator for the future direction of the gold price thus far.
Much is made by the same culprits as usual about big sell orders on the Comex, takedown of this, takedown of that, the usual, blah, blah and more blah, as an attempt to buttress the notion that this fall in the price of gold has been orchestrated by the powers that be to discredit the metal.
The problem with this theory in this environment is that the MINING SHARES have been LEADING the metal lower.
Continue Reading at TraderDanNorcini.Blogspot.ca…
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Our Top 5 Dividend ETFs for Income
Dividend payouts to shareholders are essentially a return on their investments.
The benefits of dividends, however, go way beyond investment returns and are well documented.
Not only do dividends provide a steady stream of income, numerous studies show they have accounted for more than 40% of the total market returns over the last eight decades.
(more)
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The benefits of dividends, however, go way beyond investment returns and are well documented.
Not only do dividends provide a steady stream of income, numerous studies show they have accounted for more than 40% of the total market returns over the last eight decades.
(more)
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American Equity Investment Life Holding (NYSE: AEL)
American Equity Investment Life Holding Company, through its
subsidiaries, operates in the insurance business in 50 states and the
District of Columbia. It underwrites fixed annuities, including fixed
index annuities and fixed rate annuities, as well as single premium
immediate annuities. The company also offers life insurance products
comprising traditional ordinary and term, universal life, and other
interest-sensitive life insurance products. It targets group of
individuals aging 45-75 who are seeking to accumulate tax-deferred
savings. The company markets its products through a brokerage
distribution network of approximately 45 national marketing
organizations and approximately 27,000 independent agents.
Take a look at the 1-year chart of American Equity (NYSE: AEL) with the added notations:
After rallying straight up from November into January, AEL then fell back down just as fast. The stock has since stabilized and moved into a sideways range. While trading in that range, the stock has hit a very important area of resistance near $25 (purple). If the stock can break above its $25 resistance zone higher prices should follow.
The Tale of the Tape: AEL has a zone of resistance around $25. A long trade could be entered on a break through that area. However, if you are bearish on the stock, a short trade could be made on any rallies up to $25.
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Take a look at the 1-year chart of American Equity (NYSE: AEL) with the added notations:
After rallying straight up from November into January, AEL then fell back down just as fast. The stock has since stabilized and moved into a sideways range. While trading in that range, the stock has hit a very important area of resistance near $25 (purple). If the stock can break above its $25 resistance zone higher prices should follow.
The Tale of the Tape: AEL has a zone of resistance around $25. A long trade could be entered on a break through that area. However, if you are bearish on the stock, a short trade could be made on any rallies up to $25.
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US Weekly Economic Calendar
| time (et) | report | period | ACTUAL | CONSENSUS forecast |
previous |
|---|---|---|---|---|---|
| MONDAY, NOV. 3 | |||||
| 9:45 am | Markit PMI | Oct. | -- | 56.2 | |
| 10 am | ISM | Oct. | 55.7% | 56.6% | |
| 10 am | Construction spending | Sept. | 0.7% | -0.8% | |
| TBA | Motor vehicle sales | Oct. | 16.4 mln | 16.4 mln | |
| TUESDAY, NOV. 4 | |||||
| 8:30 am | Trade deficit | Sept. | -$41.5 bln | -$40.1 bln | |
| 10 am | Factory orders | Sept. | -0.5% | -10.1% | |
| WEDNESDAY, NOV. 5 | |||||
| 8:15 am | ADP employment | Oct. | -- | 213,000 | |
| 10 am | ISM nonmanufacturing | Oct. | 58.1% | 58.6% | |
| THURSDAY, NOV. 6 | |||||
| 8:30 am | Weekly jobless claims | Oct. 25 | N/A | N/A | |
| 8:30 am | Productivity | Q3 | 0.6% | 2.3% | |
| 8:30 am | Unit labor costs | Q3 | 0.7% | -0.1% | |
| FRIDAY, NOV. 7 | |||||
| 8:30 am | Nonfarm payrolls | Oct. | 235,000 | 248,000 | |
| 8:30 am | Unemployment rate | Oct. | 5.9% | 5.9% | |
| 3 pm | Consumer credit | Sept. | -- | $13.5 bln | |
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