Get ready, gold bulls: The precious metal could be close to finding a bottom. The price of gold fell back below $1,200 an ounce again last week as the U.S. dollar advanced following another federal funds rate hike. The precious metal logged its sixth straight month of declines, its longest losing streak since 1989….
Get ready, gold bulls: The precious metal could be close to finding a bottom. The price of gold fell back below $1,200 an ounce again last week as the U.S. dollar advanced following another federal funds rate hike. The precious metal logged its sixth straight month of declines, its longest losing streak since 1989….
Treasury yields went up across the curve throughout the third quarter of 2018. Once again the rate move was led by the front end of the yield curve, with Treasury bills and notes out to three years experiencing the largest increase in yield. The longer-dated Treasuries were not far behind, with the 10-year Treasury holding…
Treasury yields went up across the curve throughout the third quarter of 2018. Once again the rate move was led by the front end of the yield curve, with Treasury bills and notes out to three years experiencing the largest increase in yield. The longer-dated Treasuries were not far behind, with the 10-year Treasury holding…
The chart below shows the performance of three U.S. housing stock indexes this year. They are all down YTD, with the Home Construction Index down the most (almost 25%). If the high in January is used as a reference level, then both the Home Construction Index and the Housing Sector Index are in bear market territory…
The chart below shows the performance of three U.S. housing stock indexes this year. They are all down YTD, with the Home Construction Index down the most (almost 25%). If the high in January is used as a reference level, then both the Home Construction Index and the Housing Sector Index are in bear market territory…
The November natural gas contract shot higher today as traders appear increasingly concerned about low storage levels ahead of the impending winter season. The whole winter strip shot higher on the day, but with far less buying from March 2019 and beyond. This has pulled the G/H February/March spread to new narrow levels on…
The November natural gas contract shot higher today as traders appear increasingly concerned about low storage levels ahead of the impending winter season. The whole winter strip shot higher on the day, but with far less buying from March 2019 and beyond. This has pulled the G/H February/March spread to new narrow levels on…
Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…
Although the financial press is all lathered up about the last minute trade agreement reached between the Americans and the Canadians, I am left asking, “what’s the big deal, eh?” Did we really expect anything different? Sure, Trump blustered about how much he didn’t like the Canadian negotiating team and that we had been taking…
