Canadian Banking Regulators Sound The Alarm
The shouts of warning are finally starting to come out from official bodies. Since the collapse of the oil and gas market, we have been writing about the fact that we haven’t seen the worst yet. As I have previously written, Canada and Russia are two countries that have been absolutely devastated by the crashing […]
The Truth About BitGold
In this podcast I address criticism of my recent article exposing the high cost of buying and taking physical deliver of gold coins from BitGold. My critics have ignored the disturbing facts that I revealed, and instead have erected straw men and resorted to ad hominem attacks. Here is a link to my article: BitGold’s Secret: […]
Oil Patch Bankruptcies Hit $17.4 Billion
Nine North American oil and gas producers have commenced Chapter 11 bankruptcy proceedings so far this year, (to March 7) according to law firm Haynes and Boone LP’s Oil Patch Bankruptcy Monitor . These nine oil patch bankruptcies take the total number of North American oil and gas producers that have filed for bankruptcy since the beginning of 2015 […]
ECB, Corporate Bonds, And Credibility
The euro’s rallied shortly after the ECB announced numerous monetary measures that in their totality were more than expected. Many saw this as proof that monetary policy had lost its effectiveness, and central banks have lost credibility. Recall summer of 2012. The market anticipated another round of asset purchases by the Federal Reserve. The […]
EIA Inventory Report Analysis – March 23, 2016
Imports this past week was the main culprit for the large inventory build in oil. Video Length: 00:10:25
Only One Oil Fundamental Factor
The fundamentals for crude oil continue to be atrocious. Production remains relatively stable if slightly reduced, which is about the only factor in favor of oil prices since the February 11 low. On the other side of the ledger, you don’t hear as much about how it’s all oil supply anymore other than the occasional […]
Is The Commodities Rally For Real?
Before I go into the substance of it, remember that just being bullish doesn’t make for a trade. You have to have a risk/reward setup that meets your objectives. I believe that commodities will not run back to 2014 levels quickly. Instead I expect an upward sloping trading range that will give numerous points to […]
SP 500 And NDX Futures Daily Charts – Slippery Slopes Of Pigmania
“We become slaves the moment we hand the keys to the definition of reality entirely over to someone else, whether it is a business, an economic theory, a political party, the White House, Newsworld or CNN.” B.W. Powe So far this is just a pause, just another day in the dismal lands of Pigmania. Let’s see if […]
Precious Metals Report – March 23, 2016
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:07:34
Oil Threatening To Break Its Rising Trend-Line
After breaking out of its recent base, oil has been on a roll, breaking out of its rising channel and crushing the hopes and dreams of bears wanting to see $20 oil. Now the question is, does the bears have a renewed sense of hope here with a possible break in the rising trend-line? We shall soon find out!
