Last week, we left off with this. “Something is happening with gold…” It began in Dec 2008. To understand it, it is necessary to understand two principles. The first is that gold is money and the dollar is credit, which currently has nontrivial value. A dollar is worth 28.4mg gold. To understand the second, let’s…
On August 6, 2015, Goldman Sachs (NYSE:GS) and HSBC (NYSE:HSBC) took delivery of a sum total of 7.1 tons of physical gold. No, I have not made any typographical errors. And no, I am not talking about electronic paper claims. I am talking about shiny yellow metal stuff that you can touch and feel. The…
Markets were choppy last week and ultimately ended lower. Stocks started out the week falling. Wednesday morning had some irrational buying, which faded in the afternoon. The selling resumed on Thursday and Friday, although some buyers came in before the close. We had a mixed week. Our LNKD calls on earnings didn’t work out. But,…
“The greatest trick the central planners ever pulled was convincing the world omnipotence existed…” until now! Since July 1st, China has unleashed at least 24 separate “measures” aimed purely and simply at manipulating the stock market higher than prevailing market forces would warrant… And the result is… A 12.5% decline exposing the un-omnipotence of…
Here are my forecasts for upcoming economic data.
Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right, and which works better? The Turtle Traders In the early 1980’s, the famous trader Richard Dennis bet his partner that he could take raw recruits and turn them into very…
Welcome to edition 268 of Insider Weekends. Insider buying declined last week with insiders buying $118.14 million of stock compared to $174.82 million in the week prior. Selling on the other hand increased with insiders selling $2.25 billion of stock last week compared to $2.08 billion in the week prior. Sell/Buy Ratio: The insider Sell/Buy ratio is calculated…
Back in May, we highlighted a report which showed that across OECD countries, 35 million people between the ages of 16 and 29 are jobless. “Overall, young people are twice as likely as prime-age workers to be unemployed,” the OECD said. As anyone who follows the slow motion trainwreck that is the EMU knows, youth…
The increased odds of a Fed liftoff next month following the strong July jobs reading was Friday’s big development. Investors didn’t seem to be overly concerned in their initial reaction to the ‘Fed clarity’. The July jobs report from the U.S. government’s Bureau of Labor Statistics (BLS) came in-line with expectations, with ‘headline’ job gains…
In addition to bubble-busting events in real estate and the Chinese stock market, China now has to deal with a plunge in exports. Following Saturday’s report Chinese Exports Slump Over Eight Percent, analysts expect more China stimulus. Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing…
