According to the recently released Silver Institute 2015 Interim Report, the world experienced annual silver net deficits for 12 years running. This is surprising as the Silver Institute actually reported a small net surplus of silver in 2014. However, the small silver surplus turned into a deficit when 2014 mine supply and total demand figures […]
The Nymex crude oil futures market this week popped higher and hit a five-week high–to produce a bullish upside “breakout” from a sideways trading range on the daily bar chart. This is one early clue that crude oil prices could be embarking on a fresh price uptrend. However, the bulls must now confront stiff overhead […]
Q: A roughly 20-year bear market in gold bullion and gold mining shares ended approximately with 9/11. What role, if any, did 9/11 play in this major market turn? A: First of all, my view is that markets are made by human reaction to events. The reaction is a subjective judgement. Objective events do not […]
While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources […]
Amongst these days of profligate government spending, to characterize Sir Winston Churchill, never has so much been spent by so few, to do so little. The United States, holder of the present global reserve currency, the U.S. Dollar, is the greatest debtor in the history of the world, and has exceeded both its expense cap, […]
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The reasons for the cozier relationship between the two giant powers are, of course, rooted in the […]
There are two things that come to mind when reviewing the action of the markets: one is that markets do return to the trendline (either up or down and in this case was the uptrend line), and when a market wants to rally, it does so and ignores bombs exploding and banks imploding. This market […]
Although the current employment reports indicate an increase in jobs, the sad truth is that the jobs people are lucky enough to get are not enough to spur real growth. Why? Simple, the typical wage earner earnings are not keeping up with inflation and that means that there is little if any discretionary income left […]
The long spell of unrest and civil turmoil in the Middle East has had the commodities markets in flux. Oil and other energies in particular have featured a considerable risk premium as oil-producing nations found themselves in the midst of war and unrest. However there are signs that these major geo-political tensions are being relieved […]
What, bond fund exit fees!!!!!!! Anybody think that would cause a run for the exits? It would seem to us that a change in the documentation regarding redemptions on mutual funds would not be legal unless you allowed those who invested prior to that change, a chance to exit the fund. Think about the rush […]
