Monthly Archives: November 2017

Corn Just Hit Rock Bottom. Get Set To Profit

All prices are set by how investors feel. Buying and selling shares or futures is an inherently inexact thing. Whether you are using supply/demand data or just a gut feeling, buying shares is a bet on what will happen in the future. That’s why sentiment indicators are useful … but only in the extremes. When sentiment…

Gold Miners’ Q3’17 Fundamentals

The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’ just-reported Q3’17 results prove this sector remains…

Bitcoin Invalidates Breakdown

Square, a payment company, is playing around with Bitcoin. In an article on CNBC, we read: Jack Dorsey’s company is testing support for bitcoin through its Cash payments app. “We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers,” a Square…

November 2017 Kansas City Fed Manufacturing Remains Positive But

Of the three regional manufacturing surveys released for November, all were in expansion. Analyst Opinion of Kansas City Fed Manufacturing Kansas City Fed manufacturing has been one of the more stable districts and their index declined. Key internals were in expansion but likewise declined. There market expectations from Bloomberg / Econoday were 20 to 24…

Next-Generation Crazy: The Fed Plans For The Coming Recession

Insanity, like criminality, usually starts small and expands with time. In the Fed’s case, the process began in the 1990s with a series of (in retrospect) relatively minor problems running from Mexico’s currency crisis thorough Russia’s bond default, the Asian Contagion financial crisis, the Long Term Capital Management collapse and finally the Y2K computer bug….