Sprott Silver has gone to a negative premium (discount) to NAV which is something we have not seen in a while. I suspect that word is getting around that they will be looking to do a secondary offering earlier than later next year. Click on picture to enlarge
Over the past week all of our core market health indicators fell. Most notable is our measures of risk. Our core measures of risk fell from moderate levels to almost warning. It will take a large sell off in the last hour to take this category below zero and have us increase our hedges and/or…
First, for all you right minded wording detectives out there, you are absolutely right… inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two measures of a heavily manipulated bond market (chart 1) dropping impulsively. But for the sake of argument, let’s realize that Main Street does indeed call…
Here are some of my picks for 2014’s thought-provoking books from a political, financial, economic and environmental standpoint. They are available at Indiebound, Amazon, and Barnes and Noble. I’m sure you all have great additions of your own. Enjoy and happy reading! 1) The Death of Money: The Coming Collapse of the International Monetary System by James Rickards,…
In a world in which neither the Fed, nor the sellside (Goldman was forecasting $100 oil for years to come as recently as October 29), and certainly not tenured economists have any idea what lies beyond the next corner, perhaps the best place to look for financial answers are Hollywood celebrities such as Jessica Alba. So, in our pursuit of…
Stocks continued lower, putting in their worst week since May 2012. Oil cracked into the $50’s. We paid 2.25 per gallon for regular gasoline yesterday. Supply has been healthy, but demand has been off. So this is a mixed bag. We need to keep an eye on retail sales and wages. I have a suspicion…
Better watch out, better not cry, ProTrader Mike is going to tell you why…the Dow is about to take a crashing you know…. What is the Megaphone Pattern? A megaphone pattern is considered bearish, indicating that the current uptrend may reverse to form a new downtrend. A Megaphone Top is rare and must be played…
It’s been an amazing comeback year for the fixed-income markets following the interest rate volatility in 2013, especially in light of the sentiment statistics at the time calling for a steady rise for interest rates into 2015. As a result, I doubt that many investors would have thought we would breach the psychologically significant 2%…
Today we are going to talk about one of the most volatile – and often very rewarding — sectors of the market, the small cap biotech/biopharma space. The wide divergence of outcomes in this space is why I take much smaller positions in a bigger pool of attractive plays when investing in the biotech/biopharma sectors….
Click on picture to enlarge Since 2013, when the Put to Call ratio’s 21 day moving average is low and turns higher, the S&P has turned soft for a while. At this time the P/C ratio isn’t off the scale low, it has declined some of late though. The key to this chart, is to…
