AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41% — SOURCE: 04-27-18 ContraCorner – “Jumping The Great White Shark Of Bubble Finance” Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a $50 billion surge in market […]
CHINA, GLD, RUSSIA, TRIGGER$ May 2018, TURKEY
RUSSIA, CHINA, TURKEY ACQUIRE GOLD WHILE DEPOSITS AT NY FED CONTINUE TO BE REPATRIATED The golden noose? The build-up of gold reserves by non-Western countries is something which could end up tipping the scales of the global order. Many believe that should bad relations continue between the US and these nations then US-denominated assets currently […]
RUSSIA BUYS 300K OZ OF GOLD IN MARCH – NEARS 2K TONS IN RESERVE — SOURCE: 04-24-18 GoldCore via ZH – “Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Reserves” — –FURTHER REFERENCE: 03-20-18 ZeroHedge -“Russia Is Hoarding Gold At The Fastest Pace In 12 Years” — Russia buys 300,000 […]
INCREASINGLY MARKET OUTFLOWS ARE HEADED TOWARDS PRECIOUS METALS While investors fled equities (see MATASII post here & here), they rushed into “risk off” safe havens, with $1.5bn inflows to gold, $1.8bn into bonds. Of note, with equity investors suddenly getting cold feet, gold is reemerging as one of the favorite asset classes.
A CAUTIONARY NOTE ON OVERVALUED AMAZON — SOURCE: 03-30-18 SeekingAlpha – David Butler – “A Cautionary Tale On Overvalued Stocks Part 1: Amazon” — Summary Amazon, while extremely successful, is vulnerable due to its reliance on tax avoidance and pricing leverage (sometimes involving losses) to steal market share from competitors. If a single piece of […]
TRUMP DEMANDS WASHINGTON POST OWNED BY AMAZON’S JEFF BEZOS REGISTER AS LOBBYIST Trump also referred to the Washington Post, which is owned by Amazon CEO Jeff Bezos, as a lobbyist organization. — SOURCE: 03-31-18 Huffington Post – “Trump Ramps Up Attack On Amazon, Demands Washington Post Register As Lobbyist” — Donald Trump tore into Amazon […]
TRUMP ATTACKS AMAZON – SHIFTS TO “POSTAL SCAM” FROM “FAILURE TO COLLECT SALES TAX” — SOURCE: 03-31-18 Bloomberg – “Trump renews attack on Amazon, calling its shipping deal with Postal Service a ‘scam’ that must end” — Employees organize outbound packages at Amazon’s San Bernardino fulfillment center in 2013. (Ross D. Franklin / Associated Press) […]
US equity futures have hit a new records, helped by surging Asian and European stocks which have all started November on a euphoric note. Surging commodity prices, optimism about tax reform and hope for a new dovish Fed chair all combined to drive global stock markets to record highs, with the MSCI’s world stock index […]
SII: HARD ASSETS – GOLD MINER BULL TRENDS SINCE 1942 – SOMETHING IS HAPPENING HERE? The start of something big? Gold miners bull trends since 1942 Source: Incrementum; ‘In Gold We Trust Report’ Gold mining shares entered a new bull market in January 2016 when gold turned. The bull move has seen a 180% rise […]
SII: FANG & NOSH – TECHNOLOGY THE TOP SIX GLOBAL MARKET CAP COMPANIES (FOR FIRST TIME) Technology mega-caps occupy all top six spots in the ranks of the world’s largest companies by market capitalization for the first time ever. Up 39% this year, the $1 trillion those firms added in value equals the combined worth of […]