And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands and rumors of Belgium, we now can add Austria to those nations for whom the “6000 year old barbarous relic bubble” is more than just “tradition.” From Bloomberg: Austrian Central Bank…
Gold prices are starting to climb. A funny thing happened on November 7. After hitting a low of $1,130.40 per ounce, the spot price of gold rebounded, ending the day at $1,178.70. On the previous day, November 6, spot gold closed at $1,141.30. Had gold finally “bottomed”? Between November 7, 2012 and the closing bell…
We all crave a market that trends persistently. Over the past six years, with all the insane interventions going on around the world, it’s tough to secure a trend (particularly on the short side) that lasts more than a couple of trading sessions. But stand back, everyone, and take note of what commodities have done consistently…
Over the past week the StockTwits Top 10 portfolio rose a touch. It was up about .5%. During the same time period the S&P 500 index had a fairly sharp move down. The out performance was a result of Lululemon Atheletica (LULU) which was up nearly 17%. The rest of the stocks in the portfolio…
Peter Schiff enlightens the audience at Access Tax Lien Talk to policies and phenomenons that threaten the future of Americas economy. Schiff gives insights that beckon the listener to brace for a new era in the global economy. Video Length: 01:29:31
Okay, everybody to the other side of the boat! Risk goes off today in the casino as all durations drop and the curve rises. Thank you Doctor Bernankestein for the hyper frenetic FrankenMarket you have created. 10, 5 & 2 year yields from Bloomberg
Online Trading Academy Article of the Week by Sam Evans, Online Trading Academy Coming up with the title and topic of this week’s article was a simple task for me this time around, as it was directly inspired by a question that I received from a regular reader of these articles. As you know I do…
WTI Crude just burst below $58 and is now over 46% below the peak in June. Since the initial leaks of no production cuts at OPEC, WTI is down 25% (gold and silver are up 2-4%). At these levels only 4 of the US 18 Shale Oil regions remain economic… 61…60…59…58…57… Down 25% from the initial OPEC…
So, you wanna be a commodity bear? Well, there’s certainly good reason. This year, the equal-weighted Thomson Reuters-CRB Commodity Index has fallen 7.5 percent. Other commodity benchmarks, more heavily skewed to the energy sector, have slumped even more. The Bloomberg Commodity index, mirrored by the iPath Bloomberg Commodity Index Total Return ETN (NYSE Arca: DJP), for…
IBM is one of the 105 (and growing) short positions I have cooking. I have been waiting for it to break beneath its dinky little range for weeks, and voila, it finally happened today. Let the games begin. (If there’s any curiosity, my long positions total zero).
