Commodities
Gold Prices: A Good Reminder For Traders
US markets had a terrible mid-week, with the Dow losing over 1300 points in just 2 days. International markets have also had a rough time, on top of a rough time – check out this daily chart of QEMM compared to the Dow over the last 3 months. The blue line is the Dow, candles are QEMM. You can […]
America’s Fake Economy And Shale Oil Boom
PARIS – We promised to end the week with a bang! You’ll recall that Fed policy always consists of the same three mistakes… 1) Keeping interest rates too low for too long, resulting in too much debt; 2) Raising interest rates to try to gently deflate the debt bubble; and 3) Cutting rates in a […]
Oil Will Be An American Weapon
I took a gap year after college, and I decided to spend the winter in Jackson Hole, Wyoming. When I left from just south of Houston, I drove 700 miles the first day and spent the night in… Texas. Amarillo, to be exact. Texas is a big state. When you enter Texas from Louisiana on […]
Gold Volatility Is Near A Historical Low, Is It Time To Buy?
Investor complacency is hitting record low levels which likely foreshadows a shock to the capital markets system. The issue stems from the divergence in economic growth between the U.S. and other developed countries. As the U.S. enters the final stages of this economic cycle, conflicting issues are generating headwinds and tail winds for the markets. […]
Investors Facing Crude Facts
Shell-shocked investors are shifting their attention away from tariffs to the world’s most important commodity — crude oil. The U.S. and China are locked in a brutal struggle on trade policy, but they agree on at least one thing: they’d like to see lower oil prices. President Trump recently declared as much, complaining in a tweet […]
Gold Demand: On The Rise In China
The Singapore Gold Exchange (SGE) released its May numbers, and they’re impressive. Gold withdrawals in May rose 9% over last year, meaning people (or banks, or governments…) still want gold. If you factor in Hong Kong, which is accounted for separately, you’ll see even more gold demand from China. And not only do they want […]
Cadillac Desert: America’s Fresh Water Crisis
Thirty years after Marc Reisner penned Cadillac Desert: The American West and Its Disappearing Water, his prophesy is being fulfilled. As the chalky rings which mark previous higher water levels around Colorado River reservoirs grow ever wider, Grist reports that major disputes are now afoot over the remaining water supply. Modern economists have long told us not […]