Chris Temple joins me today to recap this week in terms of gold, gold stocks, and Bitcoin and blockchain. Since the Fed meeting last week commodities and the stocks have been performing quite well. Still not breaking out but the moves are encouraging to the end of the year. On the downside we are seeing…
Over the past couple of weeks, my core market health indicator categories have started diverging. The market risk, economy, and strength categories are soaring higher, while the market quality and trend categories are lagging substantially. This is another sign that the market is due for some consolidation. Nevertheless, the market continues to move higher so…
It was a brutal six years for the mining industry. While some metals saw their prices rebound in 2017, others didn’t. There is a formula for rising prices — demand must exceed supply. In some cases, like zinc, a lack of investment meant supply fell below demand. Copper, whose price rose 27% since early 2016, is another metal…
The United States’ and European Union’s central banks have started what they call “monetary tapering”, meaning the progressive abandonment of their “quantitative easing”, or money printing scheme, to use a phrase they refuse to acknowledge. But this is what it is when they create money out of thin air to purchase state bonds. This return…
The Mexican peso has tumbled over 3% in the last 4 days, plunging to its weakest against the US Dollar since March as the ongoing corruption investigation soured market sentiment. As we detailed yesterday, a deepening graft investigation involving Alejandro Gutierrez, a former deputy of sitting President Enrique Pena Nieto could imperil his party’s chances in the coming July elections. An…
The gold miners’ stocks largely ground sideways in 2017, lagging gold’s solid rally. Being trapped in this vexing consolidation has decimated sentiment, leaving a bearish wasteland bereft of hope. But contrary to perceptions, this deeply-out-of-favor sector is actually a coiled spring today. Gold stocks are ready to surge dramatically higher as psychology inevitably shifts, pointing…
Durable goods orders rose 1.3% in November. Excluding transportation, durable goods orders fell 0.1%. The Census Bureau reports New Orders for Manufactured Durable Goods in November increased $3.1 billion or 1.3 percent to $241.4 billion. New Orders Durable Goods: +1.3% Excluding Transportation: -0.1% Excluding Defense: +1.0% Transportation: +4.2% Core Capital Goods: -0.1% October Revised from -1.2% to…
This morning’s release of the November New Home Sales from the Census Bureau came in at 733K, up 17.5% month-over-month from a revised 624K in October. Seasonally adjusted estimates back to August were also revised. The Investing.com forecast was for 654K. Here is the opening from the report: Sales of new single-family houses in November 2017 were…
Christmas isn’t Christmas without a verdant tree. While the evergreen never fails to bring in cheer to the most lonesome of hearts, we decided to do something very different this year – build a tree with the choicest of ETFs this season. A Christmas Tree of ETFs Let’s build the base first, which is the…
Video Length: 00:06:05 U.S. corporate earnings and GDP growth: On the upswing after tax bill clears Congress? In Eitelman’s view, the passage of the bill was generally a positive development for financial markets, as it was delivered ahead of schedule and was a little more front-loaded with tax cuts than some investors were anticipating. “Markets…
