Several things to go over this morning: First off is the condition of Gold. As I told you, we are (IMHO) in immediate danger between now and March 1 of seeing gold break below the $1,000 level. Before that can happen, though, we will first break the $1,100 handle and that could happen before year-end. … Read More
I told you so. I am not going to rub this in too much, and certainly this is not salt in your wounds. But the price of gold is down as much $32 in commodities and down almost $11 in the spot market when I looked because the Fed raised a quarter and not a … Read More
The (not-so) Federal Reserve meets tomorrow and Wednesday will have the decision on rates, but most of the smart money seems to be on a quarter-point hike, rather than going a full half. Although, in fairness, there is a case to be made there since the 10-year Note which was trading around 1.75% a couple … Read More
Status is no longer in style. We saw it last year on one of our casino jaunts, the one up to Choctaw to see the Commodores in concert. Oh, and take some money home, too… While there, a FEW women were dressed to the 9’s (including Elaine who looks like a million bucks). But the … Read More
Nowhere near it — yet. We need to be clear on something: Yes, the market went up yesterday. But in my (admittedly weird) approach to markets, that places us only about where we were two weeks ago. Yeah, sure, the Dow is in record country and so is the S&P. But in our work, the … Read More
Since I have most of the paper the F.C.C. has ever offered, like the Extra Class ham ticket, the old First Class Commercial ticket and the poor substitute General Radio Operator License, and since banging out 30 words a minute Morse really is fun, you’ll have to forgive me for offering some advice on the … Read More
I don’t know if it’s the NRA who has slammed legislation through 48-states, but a buddy of mine up the street has been charged with a misdemeanor. The heinous crime of this chum? Well, he lives on County Road 404 and a neighbor of his likes to hunt. But the catch is, my neighbor has … Read More
I thought we’d begin this morning with an update because reader Bruno was shocked when I wrote down how much the M1 (seasonally adjusted) money supply had been slammed by the Fed recently. Since the H.6 Money Stocks report is updated every Thursday (except Holidays, of course) we wanted to give you the latest figures. … Read More
The futures are showing the Trump rally has at least an other half day, or so, and it could go higher. Periodically, I share the following long-term view of the economy, updated twice weekly for our Peoplenomics.com subscribers: This brings me to the financial discussion points of the morning: · Gaps tend to be filled. … Read More
I don’t honestly know where to slot this note. It could be prepping (because it works with many project items), or cleaning (because it is), or whether it’s just good practice in the ultimate prepper shop. So put it where you will, it’s a short discussion. As part of our mega antenna project, I needed … Read More
Reader Note: A reminder that we will be posting only one (all-purpose) column on Monday because of the Labor Day holiday and market’s being closed. We may do a Sunday Special if something strikes us as particularly interesting…so come by. First Whack at Jobs Every month, we go into the big Casino of finance and … Read More
It was more of the same this weekend: The major money center banks of the world and the monetary policy folks getting together at Jackson Hole Wyoming. A fitting place where the world Hole figured prominently has to be one of the finest winks out there from Universe. That aside – and while the banks … Read More
We have certain luxuries around here, not the least of which is being somewhat prescient about where markets are going. This is demonstrated in the call I made for new all-time highs in the market back in January and here this morning we see headlines about how stocks are smashing all records. Old news around … Read More