Money Supply Growth Accelerates, Credit to Private Sector Still in Decline While money supply growth is slowing down in the US, it has recently continued to accelerate somewhat in the euro area. The effects of the ECB’s “QE”-type debt monetization activities in the form of covered bond and ABS purchases have not yet impacted aggregate…
As I noted in the Condensate Economics Explained this summer, condensate splitters will not be a sustainable solution to the condensate flood in the US by itself. The recent article by RBN indirectly supports this claim. RBN expects very high natural gas liquids (NGL) production. The problem child in NGL is ethane. Ethane, because of its unique property…
Covered call options are a great way to earn additional income from your stock portfolio. By selling stock options one can realistically earn 60% or more on your money a year. In order to learn the covered call strategy you have to become familiar with selling stock options. Selling is called “writing” in the world of…
CLICK ON CHART TO ENLARGE Bullish wicks at support can be create nice buying opportunities. A month ago Premium Members took advantage of bullish wicks in stocks and took “Pocket Change Gains” here. (see post here) Silver is hitting dual line support, at the same time it is hitting the 23% Fibonacci support off the…
Note from dshort: With yesterday’s release of the Consumer Price Index for October, I’ve updated Real Retail Sales for October. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to…
The price of oil and of gold are daily fodder for the financial media. Lately, minute-by-minute fluctuations in the value of the commodities have been followed breathlessly by pundits and punters, looking for either prophesy or profit. But pull back a little. There’s a relationship between gold and oil that’s worth understanding because each, being…
Economics is full of ideas for fiscal & monetary policies. But these policies are Top-down approaches. They work through investment and the financial system. Yes, China lowers its benchmark rate from 6.0% to 5.6%, but China is supporting a failing policy of over-investment. Debt rises… and non-performing loans are increasing. Yes, Draghi wants to do…
The latest petroleum status report has been released by the Energy Information Administration and it shows the continuation of many of the same trends that I have reported on previously in this column. Despite the media hype to the contrary, the balance between the supply of oil and the demand for it is actually tighter…
Written by Gary Volatility predictions were not to be seen this morning as the averages slowly melted downward off the opening highs. The trading rage has been in a tight, controlled and even decent all morning with volume remaining in the ‘low’ category. By noon there have been more red spikes of volume than green again…
For months I highlighted that the low valuations in the junior resource space will attract large miners especially in the platinum and palladium (PGM) space which has a huge supply demand imbalance. This past week Antofagasta offered $.45 per share for junior miner Duluth Metals Twin Metals Ni-PGM deposit in Minnesota. The Twin Metals Deposit is similar…
