Friday, April 29, 2016
Gold Miners Bullish Percent Index: A Warning Sign for Gold Stocks
It's time for a pause in the gold-stock rally.
The Market Vectors Gold Miners Fund (GDX) is up 77% since bottoming
in January. It has been a straight move higher – practically vertical.
And by the end of the year, gold stocks are likely to be even higher than where they are today.
But in the short term, we may have a problem. You see, one of my
favorite gold-stock timing indicators just triggered a sell signal...
Thursday, April 28, 2016
Wednesday, April 27, 2016
Tuesday, April 26, 2016
Monday, April 25, 2016
US Weekly Economic Calendar
| time (et) | report | period | ACTUAL | forecast | previous |
|---|---|---|---|---|---|
| MONDAY, APRIL 25 | |||||
| 10 am | New home sales | March | 518,000 | 512,000 | |
| TUESDAY, APRIL 26 | |||||
| 8:30 am | Durable goods orders | March | 2.4% | -3.0% | |
| 9 am | Case-Shiller home prices | Feb. | -- | 5.7% | |
| 10 am | Consumer confidence index | April | 96.5 | 96.2 | |
| WEDNESDAY, APRIL 27 | |||||
| 8:30 am | Advance trade in goods | March | -$62.0 bln | -$62.9 bln | |
| 10 am | Pending home sales | March | 0.4% | 3.5% | |
| 2 pm | FOMC announcement | 0.25-0.50% | 0.25-0.50% | ||
| THURSDAY, APRIL 28 | |||||
| 8:30 am | Weekly jobless claims | 4/23 | 258,000 | 247,000 | |
| 8:30 am | Gross domestic product | 1Q | 0.7% | 1.4% | |
| 10 am | Housing vacancies | 1Q | |||
| FRIDAY, APRIL 29 | |||||
| 8:30 am | Employment cost index | 1Q | 0.6% | 0.6% | |
| 8:30 am | Personal income | March | 0.4% | 0.2% | |
| 8:30 am | Consumer spending | March | 0.2% | 0.1% | |
| 8:30 am | Core inflation | March | 0.1% | 0.1% | |
| 9:45 am | Chicago PMI | April | -- | 53.6 | |
| 10 am | Consumer sentiment | April | 90.0 | 89.7 | |
