Industrial production in the U.S. increased 0.2 percent in November. What does it mean for the gold market? The U.S. industrial production rose 0.2 percent last month, but it was flat if we exclude oil and gas extraction. It was slightly below expectations, but it was the third monthly increase in a row. Importantly, expenditures on business…
General Mills, Inc. (GIS – Free Report) is a leading manufacturer and marketer of branded consumer foods sold through retail stores. The company’s core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories. However, much like the rest of…
One of my favorite SNL sketches of all time is Mr. Short Term Memory (The Game Show). Hulu viewers can see it here, although, weirdly, sometimes it just plays for free. Anyway, the basis of the sketch is a contestant on a game show, Jeff, can only remember things for a few moments, so he completely botches…
‘Tis the season to determine who’s been naughty or nice. I’ll give you the facts, you decide. This holiday story is about an SEC investigation that ended in May 2017. It was wrapped in plain, brown paper and just found under our tree, opened by Probes Reporter (“Independent Investment Research Focused on Public Company Interaction…
Headline data for truck shipments show improved growth in November. Analyst Opinion of Truck Transport I tend to put heavier weight on the CASS index which showed stronger growth year-over-year. The ATA data showed a similar trend but their overall trend line seems wrong. It should be pointed out that although the data seems to…
Headline data for truck shipments show improved growth in November. Analyst Opinion of Truck Transport I tend to put heavier weight on the CASS index which showed stronger growth year-over-year. The ATA data showed a similar trend but their overall trend line seems wrong. It should be pointed out that although the data seems to…
Yesterday we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to assign…
Charlie Lee, the creator of the world’s fifth-biggest cryptocurrency, Litecoin, announced shortly after midnight that he was cashing in his profits after a torrid, 9,300% rally in the past 12 months. In a post on Reddit, the San Francisco-based software engineer who founded litecoin in 2013, said that he sold and donated all of his holdings…
For those readers who are not aware of Nostradamus, he is viewed as being one of history’s better prognosticators. Granted, he never had the difficult assignment of trying to forecast the direction of the U.S. Treasury (UST) 10-Year yield, but given the track record of projections over the last decade, it becomes readily apparent that Nostradamus…
Roll out the barrels; raise up production before supply falls again. Fill up the tankers, I may be rushing things, but supply is down again now. For we need a little oil, right this very minute, refiners have a window, no matter how bears spin it. And we also need distillate, right this very minute. …
