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Where Did Today’s Natural Gas Support Come From?

Where Did Today’s Natural Gas Support Come From?

The April natural gas contract took over as the prompt month contract today, and despite early morning declines prices were able to bounce through the day and pulled back only slightly into the settle.  Prices initially bounced just above the $2.62 level we had been watching this morning.  After that test, though, we saw a […]
The Market Presents The Camel Dance Competition

The Market Presents The Camel Dance Competition

U.S. Army Camel Corps. The scene in the photo depicts a soldier, apparently leading the charge, somewhere in the Southwest, USA, whilst atop a camel.  I find the idea of a camel as mode of military transport fascinating. In 1855, under the direction of then-Secretary of War Jefferson Davis, Congress appropriated $30,000 for “the purchase […]
Why Lithium ETF Plunged To Start The Week

Why Lithium ETF Plunged To Start The Week

Lithium has witnessed robust gains in the recent past, as bullish trends for electric carmakers have made investors park their money in lithium-focused investments. This is because electric cars are powered by lithium ion batteries and major carmakers across the world have been betting on the said commodity, in order to take advantage of the […]
Silver And Gold Stocks Ready To Test Recent Lows

Silver And Gold Stocks Ready To Test Recent Lows

(Audio length 00:07:16) Doc joins me today to look at the metals charts and assess the likelihood of recent resistance to hold. We also look to the gold stocks and the near breakdown they are at.
Stocks And Precious Metals Charts – Powell Makes Hawkish Squawk

Stocks And Precious Metals Charts – Powell Makes Hawkish Squawk

The new Fed Chairman deluxe was answering questions before the Congress today. And the old chairs, Zimbabwe Ben and Janet, were discussing economic war stories, tall tales, and their mighty bubble adventures at the Brookings Institution today.  Mr. Jerome Powell, may I call you Jay? Well, apparently Jay said something to our august lawmakers that the markets […]
‘Hawkish’ Powell Sinks Stocks & Bonds As VIX Curve Re-Inverts

‘Hawkish’ Powell Sinks Stocks & Bonds As VIX Curve Re-Inverts

Just when you thought it was all over… Video length: 00:01:55 Quite a chaotic day across asset-classes today – the most chaotic since the XIV crisis moves… Once Powell had finished his prepared remarks and confidently expressed his expectations for the economy (and rate hikes), stocks tumbled (as rates spiked)… Only The Dow managed to […]
The Pricking Of The Canadian Real Estate Bubble?

The Pricking Of The Canadian Real Estate Bubble?

First of all, sorry for the lack of posts lately. Long story, but rest assured, I am back on track and the old ‘tourist regular postings have resumed. Next up, today I will write about Canadian real estate. I know, many of you find that about as exciting as watching Winter Olympic curling, but give […]
Consumer Confidence Highest Since 2000

Consumer Confidence Highest Since 2000

The latest Conference Board Consumer Confidence Index was released this morning based on data collected through February 15. The headline number of 130.8 was an increase from the final reading of 124.3 for January, a downward revision from 125.4. Today’s number was above the Investing.com consensus of 126.2. Here is an excerpt from the Conference Board press release. “Consumer confidence […]
How Shorting The VIX Blew Up The Market, And Why It Could Again

How Shorting The VIX Blew Up The Market, And Why It Could Again

If you didn’t know what the Chicago Board of Options Exchange Volatility Index (VIX) is, you almost certainly do now after the correction. Plenty of regular investors don’t realize how the VIX works, though – what makes it move up, down, and sideways. You can’t trade the VIX directly – it’s a mathematical calculation, after […]
The Short-Term Trend Continues To Point Higher

The Short-Term Trend Continues To Point Higher

The short-term trend continues to point higher as shown by today’s tick higher in the PMO index. The best period of time in the short-term trend for purchases is when this index is moving higher after scrapping along the lows. When it gets to the top of the range, it will be time to let […]