How High Can The Price Of Copper Rise In 2017?
One of the most recurring questions from readers of the last couple of days is how high the price of copper can rise in 2017. That is obviously a great question, but an easy one to answer. One the one hand we expect a stiff stock market correction, as documented in is the S&P 500 correcting […]
‘Traders’ Panic-Buy Stocks, Shrug Off Nuclear Armaggedon, Debt Ceiling, & Biblical Flood Fears
If NKorea doesn’t launch a rocket tonight, stocks may sell off tomorrow — zerohedge (@zerohedge) August 29, 2017 Blink and you missed it… The message from the plunge/panic protection team is clear… Video length: 00:01:45 For a few brief hours overnight – until the bell rang at 09:30ET on the NYSE – investors were anxious about […]
Market Talk – Tuesday, August 29
Back to geopolitical risks again today after North Korea spooked markets with yet more missile test, but this time flying over Japan. All Asia markets were hit as a result of this, with a rush into safe-haven assets such as gold, oil and treasuries. Interesting that oil traded heavy even as the news hit the […]
Not All Swaps Are Created Equal; Part 1 (Eurodollar University)
I’ve never understood the myth of central bank dollar swaps. They are automatically placed in the category of QE or IOER, perhaps because very few seem to understand what was really happening with them (as well as outside of them). The Fed expands its balance sheet which everyone assumes is the same as expanding either […]
Denmark Sees The Future: Selling Oil Interests To Expand Renewable Energies
This is what Saudi Arabia is planning to do with its Aramco IPO as well:raise cash to fund the development of more efficient and diverse, renewable energy resources. Et tu Canada? See: Sale of oil assets fueling Denmark’s transition to green energy: In another sign that the petroleum era is drawing to a close, Denmark is […]
Why Not Take A Minute Away From Buying XIV On Your Credit Card To Put On These Goldman-Approved Hedges?
Are you looking to hedge all of the risk exposure you put on today when you bought the fuck out of the nuclear war dip? Probably not. In all likelihood, you’re writing a bunch of naked puts and loading up on XIV with a home equity loan and whatever you could get as far as […]
This Trend Line Can’t Be Breached
Stocks simply don’t want to give up this ride from the past 8 years. It can’t. IT WON’T! And that is because you have this massive long-term trend-line going back to February of last year that simply won’t break. Look, I would love for a pullback of at least 10% in this market. It needs […]
Easy Jobs, Tight Labor
The latest consumer confidence survey for the USA ticked up in July, but the key detail or information/signal within the survey comes from a subindex called “Jobs Plentiful” – and this subindex has risen to a 16-year high. It’s also worth noting, on the flipside, the “Jobs Hard to Find” subindex has also dropped to a 16-year low. […]
Is Gold Breaking Above $1,300 Per Ounce?
Higher prices of gold and silver should attract investors but it is not always the case. Look at this chart: Interestingly, this month, despite a 3.6% increase in silver prices, as many as 8.6 million ounces of silver were withdrawn from SLV vaults (and the 2017 cumulative flow is still negative – look at the lower […]
September Natural Gas Goes Off The Board With A Bang
The September natural gas contract went off the board today in the midst of Tropical Storm Harvey still churning in the Gulf of Mexico, and the result was a bit of excitement. The expiry led to the first prompt month close above the prompt month 60-Day Moving Average (DMA) since late May, though much of […]
