Note for traders: HUI is hitting the bounce target range, but economic data has improved the sector's fundamentals. Last week we got a double dose of gold sector fundamentals as…
+151,000... it's not a very good number and so the theme introduced yesterday, of wobbling manufacturing and a potentially wobbling economy, continues. Here is a breakdown, with the usual suspects…
The weak ISM headline number (PMI) was an excuse for bonds and precious metals to bounce and the US dollar to drop today. It evidently inspired wild eyed casino patrons…
While some might want us to focus solely on the big layoff at Cisco, why don't we stay with what is actually happening. What is actually happening is that there…
[edit] See further thoughts on inflation and the content of this article. The post title is best when drawled in Gomer's thick southern accent. I realize Gomer Pyle was way…
Once again, no energy left or inclination for promo (and no Roxy Music video either). After battling this thing all weekend I headed out to the high school track to…
The title of this segment is actually the subject line of an email sent by subscriber ‘RK’ on Friday, after the post-Payrolls update that included the following statement that RK…
The market had been in a consolidation/mini correction as we have been noting.
Gold is getting clobbered as it should. Let’s please keep it real, because a lot of gold bugs are not going to. The case for gold, silver and commodities rests on an inflationary phase, which strong jobs and wages would indicate out ahead. But for now, the hit to the precious metals is logical.
Our thesis has been that Brexit may have put the final (!) on deflation and the bear phase that had been in effect since late 2014. That view was held…
A funny thing happened on the journey through this week's sentiment analysis. First, the Semi sector, which as I recall we were among the few to be publicly bullish on,…
For those who don't watch this stuff as obsessively as I do, here's the June Semi.org b2b data. Oh no, b2b dropped and so did bookings! As an economic indicator…
[edit] Subscriber Joe advises that Hickey says the b2b is a lagging indicator. But I assume he means vs. Capex from the likes of Intel, etc. I am using b2b…
From BLS: Employment Situation Summary "Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today.…
The ISM RoB continues on our theme of inflationary growth, as first indicated in the Semiconductor Equipment sector while everyone was freaking out about the backward looking employment situation. Full…