Something Just Snapped In The VIX ETF Complex
As TVIX, the double-levered long VIX ETF unleashed in Nov 2010, decays to record low prices… An unusual (and almost unprecedented) event has occurred. Just as we saw in Gold ETFs, and Oil ETFs, TVIX Shares Outstanding have exploded by a stunning 225% in the last 4 weeks… [the last 3 times TVIX has undeergone such an […]
Silver Relative Strength Report
Gold went down (as the muggles would measure it, in dollars). It dropped almost 40 bucks. Silver fell almost 60 cents. Since silver fell proportionally farther than gold, the gold-silver ratio went up. Why do we keep reiterating that gold goes nowhere, that it’s the dollar which mostly goes down over long periods of time and sometimes up as in 2011-2015? […]
An Easter Egg…The Jaws Of Life
I would like to show you some more charts on some if the different stock market indices we looked at in the last Weekend Report. Last weekend we looked at a lot of the bull market uptrend channels that are still in place since the 2009 crash low. It’s always important to keep an open […]
Weekly Forex Preview: March Jobs Reports!
The US Dollar posted a dramatic turnaround last week erasing the gains from the previous week. Closing the week ending 25th March as the strongest currency, the US dollar was supported mostly by various Fed members’ speaking engagements who came out broadly in support of a rate hike. Economic data from the US was mixed […]
Yangon Stock Market Opens Trading With One Listing
Back in December 2015, Myanmar, a Southeast Asian nation formerly called Burma, opened a new stock exchange in its main city of Yangon. The Yangon Stock Exchange (YSX) was founded, after a 20-year wait, at a cost of $24 million, by the state-owned Myanmar Economic Bank, Daiwa Securities and Japan Exchange Group, a company that operates […]
How Stupid Do You Have To Be To Let This Happen?
Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do we explain this: After World War […]
Rich Dad’s Demographic Crash Thesis Vs. Mish’s “Pain Trade” Thesis
Author and real estate mogul Robert Kiyosaki, better known as “Rich Dad“, is predicting a stock market crash starting in 2016. Unlike others who perpetually predict crashes, Kiyosaki made his crash claim in his 2002 book “Rich Dad’s Prophecy”. Kiyosaki’s most recent prediction is based on demographics. He now says we are “right on schedule” […]
The World Has 6 Options To Avoid Japan’s Fate, And According To HSBC, They Are All Very Depressing
Last week, when looking back at consensus economist forecasts for Japanese growth as of 1995, we compared what the pundits thought would happen, and what actually did happen: the result was what may have been the worst forecast of all time, leading to a 25% error rate in just five years later. It also unleashed the start of Japan’s three […]
The ECB’s March Announcements: Some Facts And Some Philosophy
On March 10, the European Central Bank announced an eagerly awaited new round of stimulus measures. This fell flat, and it has left some people wondering whether the bazookas of the central banks have become pop guns. As Andrew Bosomworth put it, in PIMCO’s blog, the ECB ”ticked all the boxes”: targeted long-term refinancing operations (TLTROs); rate […]
Will Gold’s Multi-Year Down Trend Resume In Q2?
Gold embarked on an aggressive recovery in the first quarter of 2016, buoyed by a slump in Federal Reserve rate hike expectations. A dovish shift in investors’ policy bets reduces the opportunity cost to owning gold versus interest-bearing assets while boosting demand for alternative stores of value to hedge against increased inflation risk. Prices traded […]
