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Real Estate

November Figures: Vancouver vs Toronto Single Family Prices


Posted by Brian Ripley - Canadian Housing Price Charts

on Friday, 08 December 2017 06:58

vanchart

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In November 2017, Vancouver detached house HPI prices remained at resistance but strata prices continued ticking up through the July 2016 peak. The manic buying spree moved detached prices up 21.5% per year since the JAN 2013 low and are now up 121% in the last ten years.

chart-toronto 12 orig

Larger Chart & More Analysis

In November 2017 the Toronto housing sector prices remained depressed below their near term showoff spike highs as listing levels spike on seasonally slow sales; that and the winter tendency to hibernate is producing the right side of the "Eiffel Tower" price series.​

Compare Vancouver & Toronto Housing Chart HERE



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Currency

MAJOR ALERT: One Of The Greats In The Business Just Issued This Dire Warning About Bitcoin


Posted by KingWorldNews

on Friday, 08 December 2017 06:49

KWN-Boockvar-I-1282017

But the chart above from Boockvar was sooooo hours ago as Bitcoin has now broken above $17,000.

Here is an extraordinary warning regarding Bitcoin that was issued by Jason Goepfert at SentimenTrader:  Anecdotal evidence of a blow-off in Bitcoin has exploded over the last couple of days. That’s hard to incorporate, so using data related to price action and public interest, we see that a sentiment model has reached blow-off territory. The few other times we’ve seen an extreme like this, further gains were erased in the week(s) ahead, especially once there was an initial sign that late buyers were getting scared…

....continue reading HERE

....also from King World News:

On the heels of some chaotic overseas trading, it appears  that things may be about to go horribly wrong.



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Economic Outlook

Fake Tax Reform


Posted by Peter Schiff - Euro Pacific Capital

on Friday, 08 December 2017 06:44

psAfter supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump faster than he can down a Filet o'Fish), will be far less than the Republicans envisioned when they finally captured the White House and both Congressional Chambers in 2016. But from what I have seen of the particulars, the revisions to the tax code will offer a marginal, although temporary, win for low income individuals, a major slap for moderately successful wage earners and home owners, (especially in the high tax Blue States) and a huge victory for the extremely wealthy and certain categories of business owners. While it is certain that the plan will add to the growing deficit, its immediate economic and political impact is hard to predict.

For generations, taxpayers and politicians alike lambasted our overly complex tax code for its myriad of economic distorting loopholes that seemed to produce nothing except employment for legions of accountants and tax lawyers adept at gaming the system. As a result, talk about tax reform has always included proposals to make the system simpler, fairer, and more transparent. But on that front, the Republican proposals fail miserably. Trump and Congress will hail this achievement as being a major victory for the American people. But the true winner will be the swamp that Trump promised to drain.



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Timing & trends

Gold Stocks Break, Gold to Follow


Posted by Jordan Roy Byrne - The Daily Gold

on Friday, 08 December 2017 06:33

Gold-Miner-Breakdown-Gold-to-Follow 01rev opt1
We’ve been persistently bearish on precious metals since September and that has annoyed our readers. The weak price action, negative divergences and bearish fundamentals are too much to currently overcome for the time being. The gold stocks finally cracked this week and have lost another 7%-8% in only the past seven trading sessions. Silver and Gold denominated in foreign currencies have joined the breakdown. Gold meanwhile has not broken down yet but all indications are that it will soon. 

The chart below shows the daily candle charts for GDX and GDXJ which began their breakdown on Monday. They have declined sharply over the past seven trading days and are due for a bounce. A ~3% decline would take both GDX and GDXJ down to key support at GDX $21.00 and GDXJ $29.50. The miners are getting oversold and a bounce could begin from those levels. 



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Gold & Precious Metals

Gold Stocks: Core Position Focus


Posted by Morris Hubbartt - Super Force Signals

on Friday, 08 December 2017 06:18

Today's videos and charts (double click to enlarge):
 

SFS Key Charts & Video Update



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