Gold has been on the back foot since the bears defeated the bulls on the 1235/40 battlefield. A collapse in oil prices curbed demand for the metal as an inflation hedge and a friendly risk environment encouraged investors to put their cash into higher yielding assets such as equities. Also, the weight of expected interest-rate…
For the past few months, the one silver lining to the energy complex – with crude oil plummeting to levels not seen since 2009 – was natural gas, which soared to the mid-$4s in early November on expectations of a brutal polar vortex for the second year in a row sending heating demand surging. Well,…
It has been an eventful year for the biotech sector with mergers and acquisitions (M&As) and deals showing no signs of slowing down. Moreover, several companies came out with important and highly-awaited pipeline updates especially at the annual meeting of the American Society of Oncology (ASCO) and the American Society of Hematology (ASH). Deal-Making Frenzy…
Another day, another lifetime high, eh, folks? For the Russell 2000, which I think has been the most interesting big domestic index this year, we are again at a make-or-break point with respect to its own reversal points. If the MidCaps are any guide, though, the prior highs will be swept aside, making a nightmarish…
You won’t hear the bimbos, boobs, and shysters on CNBC talking about this chart. It seems even after a couple of rough years for the barbaric relic, its 12 year bull market has helped it retain its supremacy over the stock market. Now the real question. Over the next ten years, will the Dow/Gold ratio…
CLICK ON CHART TO ENLARGE When we look back on 2014, one thing is clear, it wasn’t a good year to “Buy & Hold” the Gold Bugs Index (HUI). The chart below reflects that that HUI has under performed the S&P 500 by 32% YTD. CLICK ON CHART TO ENLARGE The multi-year decline has taken…
With the release of the pre-Christmas report on November Personal Incomes and Outlays we can now take a closer look at “Real” Disposable Personal Income Per Capita. The first chart shows both the nominal per capita disposable income and the real (inflation-adjusted) equivalent since 2000. This indicator was significantly disrupted by the bizarre but predictable oscillation…
Everything is awesome! Yes, I’ve been watching the Lego Movie with my kids but it does sum up the mood in the markets as we finish up the week with MORE FREE MONEY from our Chinese masters. That’s right, In order to keep the party going, the PBOC has set their non-bank deposit rate to…
NFTRH 322 covered the usual range of markets, from US to global stocks to precious metals and commodities to currencies and indicators. It also included an extended economic discussion about the realities of the strong US economy and its dangerous underpinnings. The economic segment began with this look at the Semiconductor Equipment sector, which was…
