National Debt Too High, Silver Price Too Low
Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion. Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic. WHY? Examine over a century of official […]
June Retail Sales: Down 0.2% MoM, Below Expectations
The Census Bureau’s Advance Retail Sales Report for June released this morning showed a slight decrease over the May figures. Headline sales came in at -0.2% month-over-month to one decimal. Today’s headline number was below the Investing.com consensus of 0.1%. Core sales (ex Autos) also came in at -0.2% MoM. Figures were revised going back to May […]
Investors Flee To Super-Safe Nasdaq As Rate Hike Odds Fall After CPI Miss
Well, equities are higher to start the session, which shouldn’t surprise you. After all, we got some bad data this morning. Remember what we said just prior to the CPI print? Here’s a reminder: Of course the difficult thing is figuring out how to trade this. Because if you’re long risk, you don’t want a print that’s too good, otherwise […]
Black Stone Minerals: Safe 7% Distribution Despite Subordinated Conversion
Master limited partnerships are fantastic vehicles for generating meaningful portfolio income. By avoiding tax at the organizational level in exchange for paying out most of their income as unitholder distributions, these investment vehicles create more unitholder income for each dollar of corporate profit. For this reason, MLPs appeal to retirees and other income investors. This MLP […]
Primary Trend In Precious Metals Remains Down
In this video update, we cover Gold and Silver and where they could go over the very short and medium term. We also cover gold stocks which are trending lower slowly but remain in a massive multi-year bottoming process. (Video length 00:11:49)
June 2017 Headline Industrial Production Improves
The headlines say seasonally adjusted Industrial Production (IP) was up. The manufacturing segment of industrial production improved. Analyst Opinion of Industrial Production The market expected improvement this month in industrial production. Our analysis shows this month was significantly weaker than last month BUT the best way to view this is the 3 month rolling averages […]
USD/CAD Forming A Double Bottom After The Poor Us Data
Everything is going against USD/CAD. The big mover of the week came from Ottawa. The Bank of Canada not only raised rates but also made hawkish sounds. They are set to hike rates again this year, based on upgraded forecasts. The dollar side is also making its contribution. The troubles of Trump Junior were joined by Janet Yellen’s nod […]
BoJ Bond Buying And Gold
Last week, the Bank of Japan offered to buy an unlimited amount of JGBs. What does it mean for the gold market? After Draghi’s speech at the end of June, many significant central banks turned more hawkish. However, the shift does not apply to the Bank of Japan. On Friday, the BoJ, in a special market operation, offered […]
Gold & Silver; 16-Year Bull Market Support Test In Play, Says Joe Friday
Below compares the performance of Gold, Silver and the S&P 500 since July of 2001. Why compare the performance of the three starting in 2001? This is when Gold & Silver created a series of higher lows, starting a new bull market that lasted the following decade. From 2001 until 2011, Gold & Silver both outperformed […]
Commodities: Oil Update
It may not be on your economic calendar, but on July 24 OPEC meets in St. Petersburg, and there is a reasonably good chance that efforts to bring Libya and Nigeria into the quota system may succeed. According to a report from the OPEC Secretariat that draws on secondary sources (apparently national sources are not […]
