Gold prices have been trending up lately, making it the best performing commodity this year after three years of losses. Prices of the yellow metal jumped above the psychologically important level of $1,200 an ounce as investors flocked to the safe haven asset. Last year, a stronger greenback, slump in oil prices and the climb…
At least that is the spin coming out of some of the talking heads today who are crying up a decent U.S. retail sales number as proof positive that the U.S. economy is not in that bad of a shape. When you add to that more short covering in the crude oil coming on the…
The gold miners’ stocks are rocketing higher again, multiplying wealth for smart contrarian traders who bought them low in recent months. But after such a blistering surge, traders are naturally wondering how much farther gold stocks can run. Is it time to realize gains, or buy aggressively for greater gains to come? This critical question…
Silver prices are bullish above the February 2 low of $15.11, and I anticipate that trend following traders are likely to use a pullback to the $15.48 mark (yesterdays’ breakout level) as an opportunity to add to their bullish exposure. We note that silver prices have been rallying strongly over the last two weeks, from a low of $14.18 to $15.97. This makes the…
We have seen the bottom in the gold market and gold stocks. Evidence: Examine the 30+ year chart of the monthly XAU (gold stock Index) to Gold ratio. You can see that the downtrend in the ratio has lasted about 20 years – since 1996.The ratio is now at all-time lows in the form of a contracting triangle.The triangle…
The SPY is ~90 pts below intrinsic value…. “Davidson” submits: Corporate insiders in general have a better sense of when their share prices are undervalued relative to future business prospects. The chart at openinsider.com shows that when markets have compressed prices for whatever reason, corporate officer outright buying of shares (not option exercises) increases dramatically relative to selling. Three…
We have two Weekly Bearish Reversals in play today. The first is a key level 15994 and the second is short-term 15942. Certainly, a closing beneath both will warn that the Dow may yet break to test under the 14000 level going into as late as the week of February 22nd near-term and possibly extend into March….
Mortgage debt remained essentially flat in 2015 but the brief period of household debt deleveraging ended in 2013. Since then student debt, credit card debt, and especially auto loans have been on the rise. A New York Fed “Liberty Street” study shows Household Debt Grew Slowly in 2015 as Mortgage Balances Stayed Flat. Auto Loan Durations…
A video interview with Yra Harris. Video Length: 00:44:13
Hedging your portfolio is a strategy that is often employed by those who want to take out some downside protection against the possibility of a market drop. The most successful application of this process is to reduce your exposure in highly appreciated long positions with the assets that demonstrate inverse or non-correlated properties to the…
