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.
US yields are not aligned for the inflationary view as the yield curve sags once again today (2 year yields up, long-term yields down). Japanese bond yields have popped on,…
To little surprise FOMC rolled over again, uttering a few words about inflation being below target and riding off into the sunset until September 21. Now there is a vacuum, policy wise, in which the market can operate. I am sure that if/as the economy continues to firm or inflation signals start to manifest the usual jawbones will hit the microphone circuit, admonishing us that they stand guard, but the market seems to be marginalizing these policy making clowns where even just a year ago it was still entranced by them.
The Semiconductor Equipment book-to-bill ratio for June came out last night and it remains solid. While bookings eased a bit they remained elevated and billings were the highest since 2011. So the question of whether this earnings season should be solid for Semi Equipment companies is answered; it should be because the April-June quarter was significantly better than Q1.
The signals of gold vs. other assets and markets have become so important to financial markets over the last year (hello Macrocosm, July 27 2015) that I have created a…
This week we chop 20 pages off of what had been the norm with the word density per chart/graphic much higher than usual. A couple items needed to be discussed…
There are still analysts talking about the Commercial traders always being right in the end as if the CoT buildup has been some evil operation against gold. It makes a…
“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't. And contrary wise, what is,…
I'll skip the promo in favor of maybe releasing #403's slightly weird opening segment later on. It's time to not only have your thinking caps on, but also your tin…
Some guy over at Biiwii just posted about Jason Zweig's latest clownery on gold. "Zweig doubles down on the pet rock" Just an FYI, as I will put my more…
A point I tried to make here on the site at the end of last week and in the weekend report is that I got excited, like a lab geek…
Last week this site got semi hysterical about inflation because a new signal came about in the relationship of silver to gold. This was added to 'push' inflation that we…
I read a lot of crap out there where some guru will put cute tidbits in his writing like 'my subscribers were the first to know about blah blah blah…