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“The Money Is Just Sitting There… Doing Nothing For Society”

“The Money Is Just Sitting There… Doing Nothing For Society”

Of all the despicable side-effects of modern monetary policy, the worst might be the implicit encouragement artificially-low interest rates give small savers to take outsize risks. The only thing worse might be when government makes it explicit: How Denmark Is Trying to Get Savers to Invest in Risky Assets (Bloomberg) – In the country with the […]
Safe Haven ETFs In Focus Amid Geopolitical Threats

Safe Haven ETFs In Focus Amid Geopolitical Threats

North Korea has been relatively silent for two months. Safe haven funds were out of investor radar. However, they are back in reckoning as the North Korean leader made claims of his regime completing its nuclear program.   Latest Developments in the Space North Korea launched a Hwasong-15 missile with improved technology that can put the […]
Are Gold Stocks In For A Double Bottom?

Are Gold Stocks In For A Double Bottom?

(Audio length 00:11:50) On today’s editorial Doc and I look at the discrepancy between the move in some specific gold stocks and the ETFs that follow the sector. Some of the major miners are breaking down but GDX and GDXJ are still well above the early 2016 lows. Overall what we are seeing is money […]
BTFD! Bitcoin Back Above $10,000 After Flash-Crashing To $8,500

BTFD! Bitcoin Back Above $10,000 After Flash-Crashing To $8,500

Chaos… Bitcoin bounced back $1500 from the lows, back above $10k… *  *  * Update: The crash is continuing with Bitcoin now collapsing below $9000… Ethereum and Litecoin are also under pressure. Numerous exchanges and trading platforms are suffering outages. *  *  * Having soared in the last 24-48 hours to as high as $11,395 this […]
Low Volatility Means Low Turnover?

Low Volatility Means Low Turnover?

ZeroHedge had an interesting article about the very low turnover in hedge funds in the third quarter, only 26%. The title of the article includes the word paralyzed but the text rules out complacency. Instead, the conclusion seems to be that the market is going up in a way that just should not be, summed up as […]
November 2017 Beige Book: Reading Between The Lines – Rate Of Economic Expansion Unchanged

November 2017 Beige Book: Reading Between The Lines – Rate Of Economic Expansion Unchanged

The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated “activity continued to increase at a modest to moderate pace in October and mid-November“. The previous report stated “activity increased in September through early October, with the pace of growth split between modest and moderate”. Analyst Opinion of this month’s Beige Book […]
Carnage: Wednesday’s Tech Bloodbath In Pictures

Carnage: Wednesday’s Tech Bloodbath In Pictures

Boy, I’ve got to tell you, Wednesday is shaping up to be an absolute train wreck for FANG, for the Nasdaq, and for everyone’s favorite crowded trades more generally.   Specifically, the Nasdaq 100 is having its worst day since August 17, when rumors that Gary Cohn was set to resign following Trump’s Charlottesville presser […]
Give Auto Parts A Try?

Give Auto Parts A Try?

In spite of what you’ve heard, shorting stocks in 2017 has not been like shooting yourself in the foot. Don’t believe it. Because at least when you shoot yourself in the foot, it causes some excitement and, later, sympathy. In spite of this, for those foolish enough to give it another whirl, the two big auto parts […]
The UK Was The Best Part Of The European Union

The UK Was The Best Part Of The European Union

In the debate around the Brexit referendum in the United Kingdom, the side arguing on behalf of Britain remaining a part of the EU wasn’t a particularly convincing one. Positions for “Remain” were largely based on emotions. There is, however, one very convincing point for a British remainder in the union. The Rebel Voice Since […]
Gold Being Odd And USD Being Tricky

Gold Being Odd And USD Being Tricky

Every now and then we see some kind of anomaly on the precious metals market. Sometimes it’s particularly useful and sometimes it’s just something random. Yesterday was one of those days when something didn’t seem right. The USD Index rallied, silver declined, mining stocks declined and yet, gold closed the session higher. What can we […]