Gold Silver Reports – Markets have stepped into a new year barely recovering from the damages suffered in 2015. Most commodities are stll scraping the bottom, while markets are wondering where the silver line is.
Year 2016 will unquestionably unfold a lot of events but at the outset, some prevailing market dynamics will play a crucial role going forward. What are the major forces that will drive the markets in 2015?
There are, however, perfect cars for certain situations—SUVs for rolling with friends, convertibles for sunny days, town cars for drivers to take you to meetings.
The trick is knowing which model in a given segment and price range is best suited to what you need. Every year it changes, too. Some models get upgraded and refreshed, others fall behind as their maker focuses on new endeavors.
This year we saw plenty of both. Tesla gave us “Ludicrous Mode” on its latest Model S sedan, and Ferrari gave us new turbocharging technology on its 488 stunner; Cadillac replaced the SRX SUV line with the forthcoming XT5, and BMW dropped the “long wheelbase” distinction on its biggest 7-Series sedans.
Gold Silver Reports – Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) and finally generated a new “Buy” signal effective 11/3/15. The market subsequently dropped, and we exited again on 11/13/15. As of today, the TTI remains below its trend line by -0.70%, which means we are in cash on the sidelines.
The link below shows the top 100 domestic funds (out of 674) and the sorting order is by M-Index ranking. Prices in all linked tables are updated through 12/31/2015, unless otherwise noted. Price data not yet available at publication is indicated with 00.00% or -100.00%. Please note that distributions are not included in the current momentum numbers.
Gold Silver Reports – Qatar’s RasGas Co. agreed to cut the price of gas it supplies to Petronet LNG Ltd. by almost half from Friday under an existing 25-year contract with India’s biggest gas importer.
Under the revised terms, Petronet will pay RasGas $6 to $7 per million British thermal units, compared with about $13 earlier, India’s Oil Minister Dharmendra Pradhan told reporters in New Delhi on Thursday. A penalty for taking less-than-contracted volumes this year amounting to about 120 billion rupees ($1.8 billion) on Petronet has been waived by the Qatari company, he said.
This is the year I will be stronger, braver, kinder and unstoppable. This year I will be fierce.
Gold Silver Reports – The Nifty staged a late rebound on Friday to end at its highest level in nearly two months after public sector banking shares led financials higher, while gains in stocks such as Tata Motors (TAMO.NS) also provided some support.