Category Archive: Finance
Near-Term Gold Forecast: The Thrill Of Victory And The Agony Of Indecision
Man-oh-man, the heat I am taking over my recent “Caution” stance on the near-term outlook for gold and silver is now verging on the theatre of the absurd. Email, tweets, voicemail messages and every other form of indirect confrontation have been used to convince me that my reluctance to join the masses in piling into […]
US Daily Cash Deficit 3/10/2016
The US Daily Cash Deficit for Thursday 3/10/2016 was $5.9B bringing the March 2016 deficit through 10 days to $92B. Revenue looks down big….you may recall that last March received about $35B of additional revenue thanks to the FCC wireless spectrum auction. There is another one planned in 2016 at the end of the month, […]
3 Main Themes To Watch In Next Week FOMC – BofA Merrill
After the wild ECB storm, another busy week awaits. And it’s not only about the Fed. Here is the preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Based on Fed speakers since the January meeting, we expect the FOMC to remain on hold this month as they assess spillovers from the […]
Which Is Best-Investing For Income Or Total Return: Part 2
There is a long running feud between investors who believe in investing for total return versus those who believe in investing for current income. Both camps are fervent advocates of their respective beliefs, and there seems to be no feasible middle ground or compromise. Unfortunately, I believe that the dogmatic positions of both groups create […]
Will Gold Continue Its Dominance Over Silver ETFs?
The weakness in the global financial markets has helped precious metals, like gold and silver, to recover their sheen in 2016. Sluggish growth in China since the beginning of the year and the global oil market turbulence has lifted safe-haven demand. The jump in gold and silver prices was also supported by plunging interest rates […]
Jason Zweig Visits The Manual Of Ideas
I recently welcomed bestselling author of “The Devil’s Financial Dictionary” and Wall Street Journal columnist Jason Zweig to our North American headquarters. Via by Shai Dardashti, Latticework In Jason’s own words: Origins of The Devil’s Financial Dictionary Writing The Devil’s Financial Dictionary How to Read The Devil’s Financial Dictionary The Devil’s Financial Dictionary as Social Commentary Future […]
The Dow For The Week Of 03-14-2016
While the markets have cheered the public admission that the central banks have completely failed in their quantitative easing and they will now buy more for longer, the technical profile is not as buoyant as it might appear on the surface. We have at least begun to enter the resistance area, but we have still NOT […]
Week In Review: Chi-Med To Raise $100 Million In US Offering Next Week
Deals and Financings Hutchison China MediTech (Chi-Med) (AIM: HCM), a company developing novel drugs for oncology and autoimmune diseases, is scheduled to raise $100 million by listing ADS shares on the NASDAQ exchange (see story). The offering values Chi-Med at $1.9 billion. Each ADS will be equal to one-half of each London-traded Chi-Med share. Chi-Med will […]
Speculators Cut Long Sterling Exposure While Adding To Long Aussie
The Commitment of Traders reporting period ending March 8 showed little position adjusting ahead of the ECB meeting two days later. A little more than 3/4 of the gross positions we track saw less than 5k contract change and only two were above 6k. The gross long speculative sterling position was cut by a quarter […]
Can Gold Climb To $1400/oz?
At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz […]
