I had the privilege today to appear on Canada’s Business News Network. It is a great source for information on the Canadian economy and markets. I was interviewed by Michael Hainsworth. We discuss the Bank of Canada’s decision not to cut
January 20, 2016
The Chart of the Day belongs to ONE Gas (NYSE:OGS). I found the natural gas distribution stock by using Barchart to sort the 52 week high list first for technical buy signals, then I used the Flipchart feature to review the charts. ONE Gas, Inc. is
There was a time in 1985 when my commodity trading advisor was long silver. I was at a conference in Scottsdale, AZ and the position became hugely profitable. I walked into a meeting with a self-satisfied smirk thinking about what
A look at gold against stocks and foreign currencies, silver, and the gold miners GDX and GDXJ. Video length 00:12:43.
Today’s radical reversal in stocks notwithstanding, the continuing hits of liquidations are not achieving their settled ends. In purely financial terms, the entire process of liquidation is to renew a settled state. Local imbalances force restriction of financial resources (what
Today offered the first real sign some form of capitulation kicked in. Volume was perhaps a little tame (although higher), but markets have reached a point where a short term bounce could be in the making. What may be of
“Make no mistake about it, just as Lehman Brothers was set up to take the fall for triggering the 2008 collapse, China is being groomed as the new scapegoat for the coming crisis. But China’s economic slump is only a
We begin with the UK where the Bank of England struck a decisively dovish tone. Source: WSJ The Federal Reserve now stands alone among the major developed economies in its quixotic quest to “normalize” monetary policy. More on this shortly. The
Last fall I wrote a post titled, “This Is Now The Worst Possible Environment For Stock Market Investors.” My point then was that stocks were very expensive, sentiment was exuberant and the trend had shifted to the downside. In other
As the global stock markets continue to crash, demand for precious metals will continue to increase. Already, the U.S. Mint had to ration Silver Eagles sales due to a shortage of silver blanks. Sales of Silver Eagles in a little
