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Is Raising Wages Becoming A Taboo?

Is Raising Wages Becoming A Taboo?

Yesterday I noted that, while the problem of lower labor market participation among the working age population hasn’t entirely resolved, it is getting close to resolving due to the surge in entry into the jobs market in the last two years. As the graph below shows, not only has the prime age population grown by […]
Intermediate Cycle Targets For Gold And Silver

Intermediate Cycle Targets For Gold And Silver

After a number of comments have come in on the site regarding a pullback in the PMs into May, for the intermediate cycle, Doc (Richard Postma) and I decided to share some actual numbers. The intermediate cycle for gold looks to bottom in mid to late May but could be extended into early June. For […]
The Deflation/Inflation Debate

The Deflation/Inflation Debate

“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von Mises, The Theory of Money and Credit It is hardly surprising that with equity indices stalling, the financial community is increasingly worried that the long, steady bull market is coming to […]
Top ETF Picks For Your IRA

Top ETF Picks For Your IRA

With the tax filing deadline of April 17 a few days away, investors still have some time to make contributions to their individual retirement accounts (IRAs) for the 2017 tax year. IRAs allow investors to buy individual stocks, bonds, ETFs or mutual funds.ETFs are becoming increasingly popular with investors due to their low cost, transparency […]
Tomorrow’s Big News Will Be In This ETF

Tomorrow’s Big News Will Be In This ETF

Tomorrow, before the open, earnings season has the opportunity to ignite bullish sentiment in stock… Or torch it. Three influential companies that account for 25% of the Financial Sector ETF (XLF) will report earnings.  The companies are, JPM, WFC, and C. Needless to say, the market is likely to take the results from these three […]
A Slightly Tighter EIA Print Keeps Natural Gas Stable

A Slightly Tighter EIA Print Keeps Natural Gas Stable

The May natural gas contract gained a whopping 11 ticks on the day to settle up .4% in a day of relatively slow trading around this morning’s EIA print.  Prices were trading lower this morning before continued firm cash prices helped them tick back up again.  At 10:30 AM Eastern the EIA announced that we […]
Junk Equity Index Signals Financial Stress

Junk Equity Index Signals Financial Stress

Tariff News Driving The S&P 500 The chart below shows the S&P 500 since December. The tariff announcements are labeled along with the 33 day moving average and pivot points. The relative strength index is in the top chart. This correction has been longer than the average one. Judging based on the action before the […]
ETF Flows At World’s Largest Asset Manager Plunge 46%

ETF Flows At World’s Largest Asset Manager Plunge 46%

If ETF inflows are supposed to be some type of strong foundation for the market to rest on, Blackrock’s latest quarterly earnings report should be a sign that the bottom could be ready to fall out. The world’s largest asset manager saw its ETF inflows fall 46% in the first quarter from the year prior. Aside from being […]
Why A Balanced Budget Amendment Would Be Profoundly Destabilizing

Why A Balanced Budget Amendment Would Be Profoundly Destabilizing

This week the House is expected to vote on a balanced budget amendment (BBA), introduced by Bob Goodlatte (R-VA), chairman of the Judiciary Committee. The amendment would require federal budget outlays to equal receipts each year. Subjecting fiscal policy to rules, rather than allowing it to be driven purely by political impulse, would be a good idea, […]
The Allocation In Asset Allocation

The Allocation In Asset Allocation

I have spoken about the need for proper diversification and asset allocation in the past. However, there is more to asset allocation than many people suspect when it comes to precious metals. It turns out that how you hold gold can be even more important than holding gold depending on the circumstances. The great virtue […]