As you can see from the first chart below, the number of potential claims per deliverable ounce on the Comex has risen to a new record high of 121 to 1. That can be corrected by higher prices for bullion that will prompt more legitimate sellers of actual bullion to take their stored gold and…
Shares of Lexicon Pharmaceuticals (LXRX) closed up 61% today after the company reported positive phase 3 results in patients with carcinoid syndrome. Carcinoid syndrome is related to a rare cancerous carcinoid tumor that is typically found in the gastrointestinal tract or the lungs. Patients who get carcinoid syndrome are those whose tumor is in an…
You know that old saying about what happens when you assume? Typically, bad things occur when you make certain presumptions based on incomplete information. While you can often stumble upon a positive outcome based on a lucky break, taking steps to insulate your investment strategy against common assumptions can enhance your chances for success. Assuming…
Economy – Additions & Updates Additions – durable goods, Skousen B2B index Updates – initial jobless claims, wage growth, housing, sentiment, GDP Asset Allocation – Additions & Updates Additions – none Updates – yields, stock/bond/currency trends Economic Summary: Initial Jobless Claims – slight uptick Wage Growth – small increase Housing – pending home sales: falling, prices: falling month over month, increasing…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected five undervalued companies with a low beta reviewed by ModernGraham. A company’s beta indicates the correlation at which its price moves in relation to the market. A beta less than 1 indicates a company is less volatile than the…
Each week Value Line Investment Survey publishes a list of stocks that have had growth in Revenue, Earnings, Cash Flow, Dividends and Book Value that averaged 10% over the past 10 years and are expected to continue with the same growth numbers for the next 5 years. I have taken that list and run them…
What Causes A Bear Market? Street sign image from Chris Potter and stockmonkeys.com. Bear markets typically have an economic or monetary policy catalyst. David Rosenberg, Chief Economist & Strategist for Gluskin Sheff, summed up the things to look for during a transition from a bull market to a bear market as follows, via Business Insider:…
Back in May 2014, in one of its patented utterly worthless “analyses” (that cost taxpayers several tens of thousands of dollars) the San Francisco Fed, home of such titans of central planning thought as Janet Yellen, asked “Is it still worth going to college?” Not surprisingly, its answer was yes after some contrived mathematics that completely…
Reader Mike V castigates me for over-use of logs. I’m not at all averse to logs, but they have a time and a place. You are trying to point out relatively small changes in income over a short time-series – not the nearly exponential changes in the S&P 500 over the last 100+ years. Let me provide…
Don’t look now but the Dow Transports are working on a short-term trend change to the upside with a ‘W’ bottom and a pop above the declining MA 50’s.Will TRAN have ended up leading the way to the mildest of market sags before bullish reversal? Well, not until it gets through the red resistance line…
