The market remained positive, near its December peak for three months, primarily based on hopes. At this point, the market needs more than just hopes.
Legendary and widely-acclaimed mining expert Pierre Lassonde, Chairman of Franco-Nevada (FNV) and President of Newmont Mining (NEM) from 2002-2006, recently spoke with Financial Sense for a wide-ranging interview on the mining industry, gold, and, lastly, natural gas.
Bridgewater Associates did an analysis of pension funds recently and concluded 85% of them will fail if returns average 4%. Bridgewater notes that public pensions have just $3 trillion in assets to invest to cover future retirement payments of $10 trillion over the next many decades.
With recent events in Ukraine strongly affecting security relations between the West and Russia, both Brussels and Moscow are increasing efforts to reduce their mutual energy-financial dependency.
“Who can print money, will print money” is how my friend Patrick Barron put it succinctly the other day. This adage is worth remembering particularly for those periods when central bankers occasionally take the foot off the gas, either because they genuinely believe they solved the problem, or because they want to make a show of appearing careful and measured.
With historically low inventory levels, tighter EPA regulations, and current Ukrainian tensions, energy expert Robert Rapier told Financial Sense in a recent interview that there’s a good chance we’ll see spikes in the price of natural gas this year.
Energy is an emerging interest for the market as portfolio managers search for value in energy stocks. One of the biggest topics discussed at the beginning of the year was valuations. You need to look no further than energy, old tech, materials, and utilities to find value this quarter.
When Gary Shilling was with us here last fall, he and I were feeling considerably more sanguine about the near-term propects for the US and global economies. In fact, I said about Gary that “that old confirmed bear is waxing positively bullish about the future prospects of the US. In doing so he mirrors my own views.”
The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 300,000 new claims number was a dramatic decline of 32,000 from the previous week's 332,000 (revised from 326,000).
Michael Morrison, CEO of Datawatch, explains how every industry around the world is generating massive amounts of information through censors, web traffic, stock trades, RFID tags, and medical devices that can now be processed and visualized in real-time, a feat that was difficult even just a few years ago.