In the August 2017 edition of the Market Overview, we analyzed the hawkish turn among major central banks. We pointed out that “Europe has recently been among the most surprising positive economic regions in the world”, which should induce the ECB to taper its quantitative easing program in the fall, supporting both the EUR/USD exchange rate and the price of gold. This is exactly what...Read More
The risk-parity fund market rig is officially over.Throughout 2017, I noted that "someone" was slamming the VIX lower to force risk-parity funds to buy stocks.If you're unfamiliar with risk-parity funds, they are meant to achieve "risk parity" for investors by buying or selling stocks and bonds based on the perceived risk in the markets via the VIX.If the VIX is falling, meaning the perceived "ris...Read More
Most Americans have spent the last few years pressed up against the proverbial bakery window, watching the 1% enjoy a life of ever-increasing wealth and seemingly total indifference to the multitudes who aren't favored by zero interest rates, big trust funds and political/corporate connections. The one consolation for the have-nots has been that, by owning few stocks and bonds, they would suffer...Read More
I sent this update to paid subscribers on Friday. It's critical, so I'm sharing it here with ALL Economy & Market readers today...Continue...Read More
With the Chinese economy slowing down and steel margins being squeezed by higher raw materials costs and lower finished steel prices, the prospects for 2018 do not exactly look rosy.But pressures on the domestic housing market are easing and industrial growth is still above 6%, so with the Chinese New Year just around the corner, it's probably best to wait until after the celebrations to...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
On the campaign trail, then-presidential candidate Donald Trump pledged to invest as much as $1 trillion in U.S. infrastructure if he were elected. Last week during his first State of the Union address, now-President Trump added half a trillion dollars more to that figure.The hefty price tag likely raised some eyebrows among Congress members, but Trump is right in aiming high to fix the country's...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12February 5, 2018"War is Hell but not for the Stock Market" Mark Hulbert, Barron's, April 20, 2017 The headline blared The Next War, The Economist, January 27, 2018. Yes, The Economist. The 175-year-old English-language weekly magazine newspaper was tackling the sensitive subje...Read More
CloseGain/LossGold $1336.30+$4.50Silver$16.70+$0.10XAU83.07-0.96%HUI185.80-1.19%GDM633.83-1.41%JSE Gold1200.17-28.72USD89.60+0.44Euro123.92-0.67Yen91.37+0.52Oil$64.15-$1.3010-Year2.731%-0.107T-Bond146.53125+1.75Dow24345.75-4.60%Nasdaq6967.53-3.78%S&P2648.94-4.10% The Metals: Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to...Read More
Strengths ?Despite the headwinds of rising interest rates, gold was the best performing metal this week, although down slightly by 1.24 percent. Gold traders are bullish for the fourth week in a row after the yellow metal posted its biggest monthly advance in five months in January, according to Bloomberg's weekly survey. The government of India is presenting a policy to develop gold as an asset...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
Seaborne iron ore prices moved up on Monday February 5 amid gains in the futures market.Metal Bulletin's 62% Fe Iron Ore IndexToday: $75.70 per tonne cfr QingdaoDaily change: $1.31 per tonneMonth-to-date average: $74.32 per tonneMetal Bulletin's 58% Fe Premium IndexToday: $61.14 per tonneDaily change: Up by...Read More
Full Article: Criminals smuggling gold into JapanBy: Julian RyallPolice in Nagoya have arrested six people in connection with the latest in a growing number of smuggling attempts. The six men were accused of illegally importing five gold bars on a Japan Airlines flight from Taiwan to Nagoya's Chubu Airport in July 2017.The 5kg of gold had a value of 22.8 million yen (US$210,000) but the smugglers...Read More
While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery...Read More
Continue...Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2...Read More
Source: Michael J. Ballanger for Streetwise Reports 02/03/2018 Michael Ballanger discusses the latest developments in the precious metals sector. -->One of the things from which I occasionally enjoy a good chuckle is the insecurity displayed by bloggers or newsletter writers who are constantly in need of positive reinforcement derived by reminding readers of their "incredible market calls."...Read More
On Friday, the market finally woke up to the reality of rising rates.The truth is that Central Banks have been printing money for too long, maintaining "emergency" levels of QE despite the fact the global economy is growing.This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally "got the memo" that conditions are too loose and the US Dollar is falling too...Read More
Source: Jack Chan for Streetwise Reports 02/05/2018 Technical analyst Jack Chan charts the latest movements in the gold and silver markets. -->Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term sell signal. Short-term signa...Read More
We noted earlier that US equity futures were extending losses after the close, but the real panic action is in the volatility complex.Continue...Read More