Will The Bad News Finally Matter?
Peter Schiff talking about Fed raising rates, wages. The question is will the bad news finally matter? Audio Length: 00:20:59
Finance
Bear Of The Day: Garmin
Garmin (GRMN – Analyst Report) is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. Their end product markets include marine, recreation, automotive and aviation. The company was incorporated in July 2000 and IPO’ed in December 2008. In 2014, they had five reportable segments—Auto/Mobile (43% of revenue), Fitness (20%),…
S&P 500 Tumbles Into Red For 2015, Breaks Below Key Technical
The S&P 500, having broken below its 200-day moving average again… Click on picture to enlarge Has joined The Dow Transports, Dow Industrials, and Russell 2000 (small caps) in negative territory year-to-date… Click on picture to enlarge Charts: Bloomberg
The Big Four Economic Indicators: July 2015 Nonfarm Employment
Note: This commentary has been updated to include Nonfarm Employment for July. 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 identifying their method. There is, however, a general…
EC Your Right
I started Early Investing because I believe everyone deserves the right to invest in companies they like, whether they’re public or private. When the JOBS Act of 2012 was signed into law – which will enable everyone to invest in private companies (including high-growth startups) – I thought it might take a year or two…
Bottom Or Not?
I’ve been disappointed enough times by precious metals to have developed a distrust of the stuff. As a chartist, I can say that gold certainly seems to be grinding out support, but I just can’t shake the feeling that we won’t really bottom until we push (briefly) below $1,000 per ounce. In any case, the…
The Next Silver Bull May Have Already Started
Silver is down 7.1% this year. Will this weakness persist? To find out, let’s look at the key factors in the silver market this year. Like gold, silver fell as the US dollar rose on the back of expectations that the Fed will hike rates. World demand for physical silver fell 4% in 2014, largely…
Another BLS Report – 101k More People Employed – 144k
Here we go again. The BLS reports manipulated unemployment figures designed to mislead the ignorant masses about how shitty their lives are. The MSM dutifully reports the lies without digging into the numbers, as their job is to peddle the propaganda and keep the financial ponzi scheme going. You know the economy sucks. You know…
TLT Working On A Breakout, Few Bulls And Oversold Momentum
Click on picture to enlarge One rate hike or two? So much of the talk of late is about interest rates moving higher. The talking heads in the media seem convinced that rates are moving much higher. They aren’t talking about one hike, they are talking about two. Maybe the Fed will, who knows… What are billions…
Silver Surges – Biggest Jump In 3 Months – Royal Mint
Spot Silver prices are spiking this morning after an initial drop post-payrolls. The 2.9% jump is the biggest daily jump since early May… This is happening as UK’s Royal Mint releases 50,000 new GBP100 silver coins…having previously run out of supply to meet physical demand. Charts: Bloomberg