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Why Subsidize Data Centers?

Why Subsidize Data Centers?

A number of authors (Good Jobs First, David Cay Johnston, me, and me, among others) have pointed out that data centers (aka server farms) in the United States create very few jobs, yet receive state and local government subsidies that routinely exceed $1 million per job. I’m sure you already know that numbers like those make me ill: […]
Comex Gold Rises To A Near Record 107.7 Claims Per Registered Ounce

Comex Gold Rises To A Near Record 107.7 Claims Per Registered Ounce

Well, here we are again. As you may have noticed from my postings of the Comex Warehouse Gold inventories, lately there has been a significant drop in the level of ‘registered’ or deliverable gold held there.  And since the open interest or number of contract held by punters and investors is not dropping commensurately, the […]
Yet Another Chart That Whimpers “Recession”

Yet Another Chart That Whimpers “Recession”

It’s worthwhile recalling that mainstream economists, the Federal Reserve, government agencies and the mainstream financial media all deny the economy is in recession until it falls off a cliff. Back in March I published unambiguously recessionary charts of new orders and per capita energy consumption: New Orders Look Recessionary (March 9, 2015) Why Is Per Capita Energy […]
Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?

Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?

Some really weird things are happening in the financial world right now. If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year. When Lehman Brothers finally did collapse, it was a […]
Cisco Efficiency Shines Through Q3 Earnings

Cisco Efficiency Shines Through Q3 Earnings

Tech behemoth and Dow component Cisco Systems (CSCO – Analyst Report) reported earnings results after the bell Wednesday, and met earnings estimates once again. Cisco brought in 48 cents per share (accounting for stock-based compensation) on fiscal Q3 revenues of $12.14 billion. The Zacks Consensus Estimates expected 48 cents per share and $12.06 billion in sales. In […]
Surging Solar Industry & Low Production May Boost Silver

Surging Solar Industry & Low Production May Boost Silver

The use of silver in emerging technologies, particularly solar energy production, sets the stage for surging demand and rapidly rising silver prices in the future. That means the silver market provides some great opportunities for investors. According to a report in The Telegraph, analysts expect the demand for solar energy to increase 30% in 2015 alone. […]
5 Terrific Small Caps

5 Terrific Small Caps

Each week Value Line publishes a list of the 400 Small and Mid Cap stocks they feel have the best chance of relative price appreciation from the 3800 stocks in their data base. I have run these 400 through the Barchart technical indicators to find the stocks with the highest technical buy signals. Today’s list […]
Facebook Stock Retracement Pattern

Facebook Stock Retracement Pattern

Facebook (FB) stock price has been in decline since the company reported it’s 1st quarter 2015 earnings results, even though results handily beat the bottom line consensus expectations. Turns out this is not usual price action and might even signal support has been, or close to being, reached. The chart above shows the last two […]
No Small Thing – Financial Review

No Small Thing – Financial Review

Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 7 = 18,060 SPX – 0.64 = 2098 NAS + 5 = 4981 10 YR YLD + .02 = 2.28% OIL – .62 = 60.13 GOLD + 22.10 = 1216.10 SILV + .61 = 17.19 U.S. retail sales were flat in April. Americans went […]
Range Bound Trading

Range Bound Trading

Yesterday’s recovery followed with further highs, but then buyers went AWOL and things settled back to the day’s lows. Rinse and Repeat. The S&P has nestled itself against rising trendline support as today’s action registered as confirmed distribution. Tomorrow, bears will be seeing if they can break the trendline, but I won’t be holding my […]