Category Archive: Finance
Auryn’s Management Finds Success In The Prudent, Measured Approach
After Agnico Eagle Mines gobbled up Cayden Resources in a mostly share-based deal worth CA$205 million, Shawn Wallace and Ivan Bebek are back with another gold exploration story: Auryn Resources. The successful tandem—with Wallace as CEO and Bebek as chairman—have a following among junior gold investors and hope to grow the Committee Bay gold project […]
Japanese Govt Bonds Are Crashing After Weakest Auction Since Lehman
Today’s 10Y JGB auction saw the lowest bid-to-cover ratio since Feb 2009 at just 2.24x with a notable tail of 1.1bps (the widest since March) as it appears once again, the total dissolution of liquidity from the largest bond market in the world has left the BoJ and Ministry of Finance losing control. The reaction is […]
No Bubble Here: $1.5 Million For 750 Sq. Ft. Flat, Rent A Bed For $1,000/Month
The incredible luxury of having a bedroom to yourself is out of reach for all but the very well-paid. Having an apartment to yourself requires serious money. Those who say there are only two sure things in life, death and taxes, should add a third sure thing: realtors and stock market mavens will deny there’s a […]
Weekly Gasoline Price Update: Up Another Three Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, the price of Regular and primium both rose three cents. This is the fourth week of price increases after six weeks of little change. According to GasBuddy.com, California has the highest average price for Regular at $3.72. South […]
The Goldilocks Illusion
Why Market Participants Liked the Payrolls Report Some people have wondered why the stock market reacted with such a big rally to last Friday’s payrolls data. After all, the report wasn’t much to write home about, especially if one ponders the details. In addition, the already weak March payrolls data were revised lower to an even […]
Hot Fun In The Summertime
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 85 = 18,105 SPX – 10 = 2105 NAS – 9 = 4993 10 YR YLD + .12 = 2.27 OIL – .10 = 59.29 GOLD – 4.00 = 1184.50 SILV – .13 = 16.38 The S&P 500 Index went up to 2117.69, […]
The Last Time This Happened, Chinese Stocks Crashed
Chinese stocks are the most expensive relative to bonds in almost six years. For the first time since June 2009, Bloomberg notes, the earnings yield on the Shanghai Composite Index has dropped below the yield on top-rated corporate debt… and just like in now, stocks rallied 100% in the preceding year before plunging over 20% in the […]
Avolon Holdings – All Time High
The Chart of the Day belongs to Avolon Holdings (NYSE:AVOL). I found the stock by sorting today’s All Time High list for the stocks with the highest technical buy signals then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 4/20 the stock gained 7.27%. Avolon Holdings Limited provides aircraft leasing and […]
View From The Hill: May 11, 2015
Commentary Today’s comments will be very brief… Equities (SPY, QQQ, IWM) were relatively flat, either declining no more than 50 bps or increasing no more than 6 bps. Volatility (VIX) was today’s winner for positive price performance.Bonds distinguished themselves from all other asset classes as the 20+ Year Treasury ETF (TLT) initiated a new long-term […]
US Daily Cash Deficit 5/8/2015
The US Daily Cash Deficit for Friday 5/8/2015 was $1.1B bringing the May deficit through 8 days to $44B. At is standard practice here I have synced up 2014 and 2015 based on the days of week….so we are comparing May 2015 through Friday 5/8/ to May 2014 through Friday 5/9. This gives 2014 an […]
