Category Archive: Finance
Gold & Silver Still The Leaders In 2017
Recall the Monty Python line “A minute passed quickly past”? ‘Tis how the year 2017 feels to us. The geometrically-increasing pace of unrelated, and moreover, unimportant items beset upon us on a daily basis is blurring the very passage of time itself. Indeed, 99% of what now passes for “news” doesn’t affect us a wit, nor […]
Gold Forecast: Sunday, June 4
The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle. The weakness in […]
Market In Review: Markets Overcome Weak Nonfarm Payroll Report
■ S&P, Nasdaq, FTSE 100, DAX rally Thu-Fri, setting new all-time highs ■ May Nonfarm Payrolls fails to meet analyst 182K expectations, managing a meek 138K job gain ■ Markets still eye June 14th Fed hike ■ USD to devaluates 0.6% vs. EUR on Friday, 0.9% vs. JPY on lowered Fed policy outlook ■ Oil declines […]
Weekly Economic & Political Timeline – Sunday, June 4
There are again relatively few high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the European Central Bank, as well as from the Reserve Bank of Australia. A General Election will be held in Britain on Thursday and as results come in at the end […]
Mutual Funds Versus Hedge Funds: Where They Agree And Disagree
Recently, I wrote some stuff about hedge funds and mutual funds. If that’s the kind of thing you’re into (or if you want to read about hookers, groupies, Xanax, cocaine, and Maseratis) you should check out these two posts: Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper 2/3 Of Growth […]
Stocks Aren’t As Expensive As You Think
With the stock market at or near all-time highs, very few new investors have felt the desire to jump into the melee. I certainly don’t blame them for thinking so, after all, the old adage always says to buy low and sell high. So wouldn’t you expect far more people to be selling right about now? […]
Oil Price Is Not Dictated By OPEC, Market Conditions And Demand Guide
Fundamental Forecast for US Oil : Neutral Talking Points: OPEC extend production cuts and hints of further belt tightening, the market ignores the news Demand is proving slow to change even as the summer driving season swings in for the North The Trump administration’s withdrawal from the Paris Climate deal is unlikely to change dynamics Jawboning […]
Weekly Forex Forecast – Sunday, June 4
Silver Silver markets initially fell during the week, but turned around to form a massive hammer by the time we closed on Friday. We bounced off the $17 level underneath, and found resistance at the $17.50 level above. By forming a hammer, I suggested that we should continue to go higher, and move above the […]
Withdrawal From Paris Agreement And Gold
President Trump announced his decision to withdraw the U.S. from the Paris Climate Accord. What does it mean for the gold market? On Thursday, Trump declared that the United States was getting out from the global climate pact: “In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from […]
E Lack Of Participation From Miners Denotes An Underlying Weakness
Gold and Silver jumped to fresh highs, but miners are lagging significantly; they should be up 3%+. The lack of participation in miners implies that the metal rally is running on fumes. I expect gold and silver to turn lower next week. -GDX- Miners are modestly higher and maintaining the trendline while gold and silver […]
