The price of oil has finally started to obey the law. What law is that? The Law of Supply and Demand. Thanks to the US fracking boom that has done this (see chart) to US production, the supply of oil worldwide has outstripped demand since 2012. So why haven’t prices fallen before this summer? And are falling…
Despite the junior resource sector being near a major bottom and going through a bear market of epic proportions, I still believe that this may be one of the best times to add to quality positions. Nothing perfects one’s craft in the financial markets like a bear market. In a bear market one has to…
The “No” in the Swiss referendum was seemingly the end for gold at first. First, the gold price went from $1,167 to a low of $1,143, but that is where it ended. It was not so surprising that the gold price dropped significantly at the end of last week, because trading is always quite thin…
“Davidson” submits: Here is the SP500 Intrinsic Value vs. SP500 again. Only ~5% over priced and housing and commercial construction AND financial inst lending have really not begun. So nowhere near the level of leverage which results in severe corrections. What others do is make comparisons to nonsensical patterns. The first is using an avg…
The average return of our best scoring ADRs from 1-year ago (12/2/2013) returned 12.55% in the past year, with no turnover. That generated 1,197 bps of excess to the MSCI EAFE index. The best performers from our list last year include SIG up 72%, SHPG up 62%, IRS up 49%, RDY up 47%, and TTM up 42%. The average…
Media Spins Horrible Holiday Sales as Reflecting Economic Strength. Audio Length: 00:24:43
I wanted to find 5 good small caps with very consistent momentum. I used Barchart to sort the S&P 600 Small Cap Index stocks for the 5 with the most frequent new highs in the last month, ten used the Flipchart feature to review the charts. Today’s list includes: Tessera Technologies (NASDAQ:TSRA), Higher One Holdings (NYSE:ONE), Kaiser Aluminum (NASDAQ:KALU), Triquint…
I just had to chuckle. The news highlights on Bloomberg TV at noon today was to reiterate this Bloomberg story from very early this morning, saying that gold was down sharply because of the Swiss gold referendum vote. And as a reference they cited this story from early this morning and mentioned nothing about gold’s spectacular comeback in…
One of the justifications pundits have been forced to use today to explain the unprecedented collapse in holiday spending, which as we noted yesterday, tumbled by 11% is that more and more consumers are simply purchasing items on line. Which is great… until one looks at the actual data which reveals a diametrically opposite reality, namely…
The 10-5-2 spread is rising with nominal yields reversing to up. A little risk off’y to go with junk bonds, which are quite risk off’y. 10, 5 & 2 year yields from Bloomberg For reference, here is the 30 vs. 5 today (2 year is not live @ stockcharts.com)…
