Back in May 2012, commentators in the economics community and in the financial press were talking about the Federal Reserve beginning to move toward rate hikes — soon. That month in Sovereign Investor, I wrote that the commentators were dead wrong — that the Federal Reserve’s low-rate policy “would last much longer … to 2015 —…
I’ve mentioned The Container Store (TCS) a number of times here as another flop of an IPO. As with GoPro, this stock seems superb at one thing: make regular lifetime lows. Amazing:
After record-breaking world-wide silver demand in the third quarter of 2015, the surge continued in September, with Bloomberg reporting sales at the Perth Mint in Australia hit the highest level in at least three years last month. Sales of silver coins and minted bars jumped to 3.35 million ounces in September from 707,656 ounces the previous month, the mint…
Gold and silver were rallying slightly most of the day, while stocks were trending lower. When the dovish Fed minutes came out stocks managed to rally and the precious metals reversed for losses. The pricing of the metals at The Bucket Shop is strikingly diverged from the physical markets. No where is this more apparent…
Alcoa Inc. (AA) is the world’s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In…
Gold miners, um, some gold miners are rebounding. Commodities staged a rebound on Tuesday. The Thomson Reuters/Core Commodity CRB Index – an equal-weighted benchmark tracking 17 diverse futures contracts – bounced above the 200 level for the first time in six weeks. Being equal-weighted, the CRB index weights gold more heavily than other commonly followed…
I regularly cover developments in the Fed’s ridiculous Reverse Repo (RRP) program in the MacroLiquidity Pro Trader Report. That short section of the report is normally just a mundane account of what went on in that useless program over the course of the week. I say that the program is useless because the Fed will almost certainly…
Moments ago, the company that traditionally kicks off earnings season did just that, and sent the ball into a throw-in. The reason: just like all the other companies that have reported and pre-reported so far in the third quarter, its results were a huge miss. AA reported non-GAAP EPS of $0.07 missing expectations of $0.13,…
EMC Corp. (NYSE: EMC) shares rose more than 5% to $27.44 Thursday (today) on news the data storage company is in talks to be acquired by Dell Inc. Now investors are asking us, “Will Dell buy EMC?” Nothing official has been announced yet, but if a deal transpires, it would be one of the largest technology…
Stocks were weak most of the day, until the Fed minutes from their last meeting came out in the afternoon. The Fed’s meeting conversations were dovish, and so on their release the minutes triggered a short covering rally in stocks. Financial paper assets love that loose policy talk. Have a pleasant evening.
