How Close Are We To Peak Gold?
Well-known mining geologist Keith Barron, Chairman and CEO of Aurania Resources, tells us that with the average goldmine worldwide extracting gold below 1 gram per ton, peak gold is probably here and that, unlike oil, there isn’t any new technology that makes finding it or extracting it any easier. No New Tech Coming, Peak Gold Is […]
Oil Markets Turn Bullish With Shift To Backwardation
This week both Brent Crude and WTI (Light Sweet Crude Oil) made a new price high in more than 2 years with Brent Crude rising to $64 per barrel and WTI to $57 per barrel. These price gains come before the OPEC’s meeting later this month on Nov 30. In the past two years, OPEC has imposed production cuts in […]
Data Brand Dependence
If it is a day ending in “y” you can be sure there is somewhere in the financial press a story or “news report” of the looming bond selloff – even if it is due to some future event or made up phenomenon. Today’s is another in the series this time using a dramatized setup […]
Naked Predictions Can Put Analysts In The Dirt
In just one day, I saw three completely different analyses on the market. First, Grantham said that he does not foresee a bubble. Rather, he sees low yields and a time correction. Secondly, analysts like Chris Ciovacco say that Nasdaq just broke out of a 20-year consolidation. Bullish sentiment suggests the market will explode higher […]
As Brexit Negotiations Restart, Get Ready For Pound Volatility
With the Bank of England rate hike in the rearview mirror, the British pound is in search of a new narrative to drive future trading. In an earlier commentary, we wrote that economic data and central bank policy are now in the backseat as the Brexit deadline approaches. Looking at speculator sentiment, traders are no longer at […]
How Central Banks Widen Wealth And Income Gaps
The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that same group rose from 30 percent in 1989 to […]
Only 4% Of S&P 100 Pays US Statuary Corporate Tax Rate
A cut to the headline rate of corporate tax is the cornerstone of President Trump’s tax reform policy. The US has one of the highest rates of corporation tax at 38.9% (the federal rate combined with average state and local taxes) according to the OECD, compared to an OECD average of 24.1% [Timekess] US lawmakers have […]
Passable?
DOW – 101 = 23,462SPX – 9 = 2584 NAS – 39 = 6750 RUT – 7 = 1473 10 Y + .01 = 2.33% OIL + .28 = 57.09 GOLD + 3.60 = 1285.40 Cryptocurrency Number of Currencies: 896 Total Market Cap: $207,584,766,926 24H Volume: $7,033,013,883 Top Cryptocurrencies Name Symbol Price USD Market Cap Vol. Total […]
The Macroeconomy In Ongoing Transition: Mervyn King
Mervyn King delivered a provocative and intriguing 2017 Martin Feldstein Lecture at the National Bureau of Economic Research on the subject of “Uncertainty and Large Swings in Activity”(July 19, 2017). A written version of the presentation is available in the NBER Reporter (2017: 3, pp. 1-10), or you can watch the lecture and download the slides here. […]
Tax Tantrum Sparks Stock Slump As Credit Crash Continues
To the middle class… Video length: 00:00:08 Before we start, don’t forget the chaos in Japan overnight… Gold remains the biggest winner in the post-Saudi-chaos world… The Dow’s 7-day win streak is broken… Trannies were worst Trannies are now down 6 days in a row, and all indices are red on the week… VIX pushed […]
