We had an interesting line-up of guests and topics this week for our premium channel: Ross Hansen discussed gold and our slow move towards a cashless society, Urban Carmel talked about the tech bubble and not to expect such euphoria again, Marc Chandler talked about a multi-year bull market in the dollar, and, lastly, Dan Steffens addressed the energy markets.
Gold experienced a spectacular bull market run from its low at $250 an ounce in 2001 to its peak above $1,900 an ounce in 2011. Its long bull market was largely supported by expectations that the Fed’s easy money policies would create spiraling inflation...
In May we started a recurring monthly review of all the main economic data. At the time, the consensus view was that growth in wages and employment were accelerating and that this would lead to a meaningful increase in inflation above the Fed's 2% target. So far, this has been wrong.
All of the money created by the world’s central banks is looking for a home where it will earn a return — without being eroded by inflation. And right now, its best option is to buy assets denominated in U.S. Dollars.
Solar energy could be the world’s largest source of power by 2050, providing more than a quarter of the Earth’s energy, according to the International Energy Agency (IEA).
The strong jobs report confirms that the U.S. economy’s fundamentals are strong enough to sustain its positive momentum despite the sub-par outlook for its trading partners in Europe, Japan and China. This report also shows that the soft reading for the preceding month was an outlier.
Gold investing bids pushed prices up to $1222 per ounce in quiet Asian trade Thursday morning, but the metal retreated as European stock markets fell again and crude oil sank 2% to multi-year lows.
Here is a new update of a popular market valuation method using the most recent Standard & Poor's "as reported" earnings and earnings estimates and the index monthly averages of daily closes for the past month...
The fourth quarter began yesterday and we're starting things off on a sour note. After squeezing out a minor gain in the third quarter, the S&P marked its seventh consecutive quarterly gain, but has been trending down for the last two weeks.
This seems to be the first time in several months that ECB President Draghi has been rather anti-climactic. The disappointment or the "sell the rumor, buy the fact" scenario we suggested is, in fact, unfolding, and the euro is correcting higher.