Based on an old reliable oil/silver ratio the price of silver should be more than twice as high as it is today, a bit more than $50 per ounce. During times of a more ‘physical economy’ versus the ‘paper economy’ we have now, oil and silver had a strong bond. What many people don’t know…
These are tense moments… At 1 am in the morning, Russia made a dramatic announcement to raise its base interest rate from 10.5% to 17%. Their ruble was falling fast yesterday. There is capital flight out of Russia. So the rate rise was meant to attract money back into their country. They even raised their…
Remember the ‘Peak Oil’ hype that was promoted far and wide as trend followers disguised as financial analysts exalted the likes of T Boone Pickens, Jim Rogers and a host of commodity/resource gurus? Websites sprung up far and wide seizing this opportunity to promote a viewpoint that was flat out wrong. There was no ‘Peak…
Yahoo! Inc. (NASDAQ:YHOO) is aggressively pushing for market share in the search engine business, a field it has struggled in over the years thanks to stiff competition from Google Inc. (NASDAQ:GOOGL). Yahoo recently signed an agreement with Mozilla to become the default search results provider for Firefox’s web browser. The search engine giant is now…
Since 2010, our top scoring weekly has outpaced the SPX by a median 376 bps in the following year. The best performers from our list one year ago are RCL up 79%, DAL up 78%, AA up 55%, GD up 54%, and SIAL up 53%. Healthcare is the best large cap sector. The top large…
Just like with the Mohammed Islam story, the religious belief by the cheerleading crew that the crashing price of oil is so “unambiguously, unquestionably, undisputably” good for the US is so taken for granted, that nobody actually checked the facts.So here is one such attempt by the FT, which writes that “almost $1 trillion of spending…
High-yield bonds, also known as junk bonds, issued by U.S. energy companies have come under selling pressure in recent weeks as oil prices have fallen to lows not seen since mid-2009. Bloomberg says investors in these bonds are facing $11.6 billion in losses at the moment. Energy company-related debt issued in the past three years alone…
CLICK ON CHART TO ENLARGE When it comes to interest rate rallies, Russia tops this list this morning as they raised rates 70% in a day, attempting to stem the rapid decline in the Ruble. Speaking of interest rate rallies….Did you know the yields on junk bonds are up roughly 70% in the past 6…
This is getting very ugly. This picture was from Moscow on Friday, with the sign offering 54 Rubles for $1 and offering to sell Dollars for 59 Rubles (nasty spread). Today, just 4 days later, you need 80 Rubles to buy a Dollar with that currency dropping 45% (so far) in less than a week. This is happening…
This is getting very ugly. This picture was from Moscow on Friday, with the sign offering 54 Rubles for $1 and offering to sell Dollars for 59 Rubles (nasty spread). Today, just 4 days later, you need 80 Rubles to buy a Dollar with that currency dropping 45% (so far) in less than a week. This is happening…
