Junk Bond Echos
Hey Bueller, junk bonds are doing what? Dropping. Junk bonds vs. quality bonds are doing what? Dropping. Heading into October junk bonds and ratios did what? Anyone? Beuller? Look, I…
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December 1, 2014
Gold vs. Oil; Fundamental Plus for Miners
Errr, this chart is starting to get hard to ignore isn't it? It is a gold mining sector fundamental indicator. I have no clue how the jockeys using only nominal…
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December 1, 2014
Yield Curve Today
The 10-5-2 spread is rising with nominal yields reversing to up. A little risk off'y to go with junk bonds, which are quite risk off'y. For reference, here is the…
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December 1, 2014
10-2 Yield Curve w/ Gold
Here is the big picture view of the 10yr-2yr Treasury yield spread with gold shaded in the background. People who successfully get through this bear market in gold will have…
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December 1, 2014
NFTRH; Econ Data, Markets and Gold
So the Swiss gold vote caused a sizable ruckus in gold and silver overnight. This morning there is a nearly as sizable recovery in the metals.
The Swiss vote is an important hype component to get behind us and a positive reversal today would be notable, given the already over bearish sentiment profile (cue Citi’s Willem Buiter with a hysterical rant against gold leading in to the Swiss vote).
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December 1, 2014