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Bullish Technical Picture Appears To Trump Cautious Fundamentals

Bullish Technical Picture Appears To Trump Cautious Fundamentals

Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a […]
Weekly Gasoline Price Update: Up Another Five Cents

Weekly Gasoline Price Update: Up Another Five Cents

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, the price of Regular and premium both rose five cents. This is the fifth week of price increases after six weeks of little change. According to GasBuddy.com, California has the highest average price for Regular at $3.82, and […]
View From The Hill: May-18-2015

View From The Hill: May-18-2015

Commentary Today’s comments will be very brief. As most investors are aware, the S&P 500 and Dow Jones Industrial Average both made new all-time highs, but on lower than average volume. Treasury bonds gave up all their gains from last Friday as a  strengthening  economy may confirm the inevitable hike in interest rates ahead. The U.S. Dollar has found support within the […]
American Apparel: Charney……..Unhinged

American Apparel: Charney……..Unhinged

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. At this point one can say without reservation Dov is his own worst enemy….. LOS ANGELES–(BUSINESS WIRE)– American Apparel, Inc. (NYSE MKT: APP), a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic […]
Graphing The Evolution Of The World’s Debt Addiction

Graphing The Evolution Of The World’s Debt Addiction

It’s no secret that the world is addicted to debt. China for instance, has an astounding $28 trillion debt load that amounts to 282% of GDP, while the country’s local governments are now undertaking a multi-trillion yuan refi initiative in order to cut the debt servicing costs on a mountain on high interest loans they acquired off […]
BitGold: Great Product, Over-Priced Stock

BitGold: Great Product, Over-Priced Stock

A popular view is that gold has no monetary role to play in a modern, technologically-advanced economy. This view is wrong in many ways, including that, thanks to technological advances, gold is now better suited to being money than it has ever been. This is because technology has eliminated the inconveniences that would otherwise limit […]
Stocks & Gold: A Fascinating Ratio

Stocks & Gold: A Fascinating Ratio

A reader wrote me and mentioned that, years ago, Peter Schiff had suggested it would be more important to watch the ratio of the stock market priced in gold rather than the stock market priced in dollars. In ProphetCharts, he tried to see what the SPY/GLD ratio would look like, and it yielded some interesting results. I’ve done […]
Silver Continues To Show Bullish Pressure

Silver Continues To Show Bullish Pressure

Looking at the silver markets in the spot index, you can see that we have broken above the $17.50 level during the session on Monday, and out of the previous large consolidation area. At this point in time, it appears that the market is probably aiming for the $18.50 level, an area that I have […]
So Much For The Oil Crash: Cali Gas Price Almost Back To Year Ago Levels; Los Angeles Gallon Rises Over $4.00

So Much For The Oil Crash: Cali Gas Price Almost Back To Year Ago Levels; Los Angeles Gallon Rises Over $4.00

Back when oil was crashing from $100 to $40, every day various economists and pundits, oblivious of the bloodbath in energy junk bonds and the imminent capex collapse, would explain how plunging gas prices were “unambiguously good” for consumer spending in the US. Well, the oil crash came and went, and retail sales since November have […]
Milk And Cookies – Financial Review

Milk And Cookies – Financial Review

Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 26 = 18,298.99 (record) SPX + 6 = 2129.20 (record) NAS + 30 =  5078 10 YR YLD + .09 = 2.23% OIL – .14 = 59.55 GOLD + 2.30 = 1226.80 SILV + .19 = 17.78 Record high […]