Markets

May 10, 2011 at 11:52

I am a firm believer that housing prices belong in the CPI. I have discussed this at length before, and in light of reported inflation (as measured by prices but…

May 10, 2011 at 11:24

Investors understand that the VIX moves opposite to the market, so when the VIX moves lower, investors expect the market to move higher. BUT ... as you will see in…

May 10, 2011 at 09:45

The smartest millionaires of 1913 watched the Federal Reserve being formed with great interest. They sold a million paper dollars and received 50,000 ounces of gold. Today's paperbug millionaire of…

May 10, 2011 at 06:02

We continue to watch Gold's COT net speculation which is currently unwinding lower and should soon play catch up with the s/t bearish price activity.

May 09, 2011 at 21:23

Washington is paralyzed by fears that any withdrawal of stimulus, whether fiscal or monetary, whether by the Administration, the Fed, or the Congress, may clobber our GDP. And they're right.…

May 09, 2011 at 20:29

Silver has tripped on itself for now, and Gold will probably move a tad smoother over the near term, but look for Silver to regain it's sprinting abilities this summer-fall…

May 09, 2011 at 20:26

Below is a chart comparison of the Barrons Gold Mining Index (BGMI) and the US$ gold price covering the period from 1974 through to 1984. In other words, this chart…

May 09, 2011 at 20:25

Housing as a percent of GDP peaked in 1980 at 19%. In 2005 as the housing bubble was set to pop it represented 18.5%. Today it stands at 15%, still…

May 09, 2011 at 16:30

In response to Kidnapping, Torture, and Reflections on Alleged "American Values" I received many emails thanking me for my position. Here is one from Percy, whose father was an Army…

May 09, 2011 at 13:57

Although commodities do occasionally crash, in general commodity prices are positively kurtotic (fat-tailed) and positively skewed. This is in contradistinction to equity prices, which are positively kurtotic but negatively skewed.