Galiano Gold Gets the Spelling of its Name Wrong, Direction of its Stock Right

Who’d have thought that an African gold miner named after a sweet Italian liqueur* would be doing this (+12% today) during a correction for the gold stock sector? Per the Trade Log and NFTRH reports I bought GAU at the noted support area before it broke the wedge, with the expectation that it could have a bit lower to go. Well, today’s activity (and mystery … Continue reading Galiano Gold Gets the Spelling of its Name Wrong, Direction of its Stock Right

Pigs Take Flight

A couple days ago we asked the question in light of rising long-term yields, a steepening yield curve and the ongoing reflation operations by policymakers. Today the Regional Banks appear to be in receipt of the memo. So are the larger Pigs, as they take out the 200 day moving averages. And the KBE/SPY ratio is ticking a new bounce high. So far, so good … Continue reading Pigs Take Flight

fomc

Central Banks Don’t Understand “the Way the World Works”

Way back in 2004 (boy, how the years fly by) I wrote this article, one of first few I’d written. Deflation: A Manufacturer’s View I was not the market nerd then that I am now. But I was very interested, coming at it from a global macro standpoint, given that running a small company (from which I moved on in 2012) demanded I be aware … Continue reading Central Banks Don’t Understand “the Way the World Works”