Latest Posts

  • Finance 0

    The 75-Year Debt SuperCycle’s Coming End (Podcast)

    In this episode, Ron DeLegge talks about one hedge fund legend’s proclamation of the 75-year debt supercycle coming to an end. Ron also talks with Andy O’Rourke, Managing Director at Direxion Investments about mega investment themes in 2016.   Audio length: 00:42:08....
    On February 3, 2016 / By
  • Finance 0

    Ten Years After The Greenspan Fed

    Ten years ago this week, Alan Greenspan left his post as head of the US Federal Reserve, facing disgrace among hard money advocates, which largely persists to this day. However gold investors can learn an important lesson from how little influence Greenspan, one of the gold standard’s most eloquent backers, had during his 18-year tenure. A lesson that provides important clues as to future central bank monetary policy and its effect on precious metals prices. That Greenspan was, and remains, a hard money advocate, is beyond doubt. His landmark article “Gold and Economic Freedom,” which was published in The Objectivist , an Ayn Rand-backe...
    On February 3, 2016 / By
  • Finance 0

    EC S&P 500 Snapshot: Modest Gain In Yet Another Volatile Session

    The S&P 500 again plunged at the open, selling off to its -1.62% intraday low at the end of the first hour of trading. The index then bounced and vacillated until a 2 PM rally lifted it to its 0.79% intraday high at the start of the final hour, which had its own trading mini-drama, which ended in a modest gain of 0.50% for the day. The index remains in correction territory, down 10.24% off its record close in May of last year. The yield on the 10-year note closed at 1.88%, up 1 basis point from the previous close. Here is a snapshot of past five sessions. Here is a daily chart of the index. Volume increased on today’s volatility. A ...
    On February 3, 2016 / By
  • Finance 0

    Afternoon Recovery Creates New Spike Lows

    Better stuff from bulls as early selling quickly gave way to fresh buying. Best of the action belonged to the Russell 2000 with a bullish cross in the relative performance with the Nasdaq and its 20-day MA. The Russell 2000 is also clinging to a support level and maintaining the ‘Bear Trap’. The S&P finished with a higher close and a return to the ‘buy’ trigger in On-Balance-Volume.  Today’s spike low moved into the prior consolidation, but there appeared to be enough buyers willing to step in to defend this range. The Nasdaq didn’t post a higher close, but it did defend the lows. While January spike l...
    On February 3, 2016 / By
  • Finance 0

    Gold Daily And Silver Weekly Charts – Non-Farm Payrolls On Friday

    “Even on the highest peak we will not be ‘beyond good and evil,’ and the more we experience of their inextricable entanglement the more uncertain our moral judgement will be… The wrong we have done, thought, or intended will wreak its vengeance on our souls, no matter whether we turn the world upside down or not.”  Carl Jung Gold in particular had a nice breakout on paper today, with silver following along but still a bit sluggish, and not reclaiming the 15 handle. Friday will be the Non-Farm Payrolls report. Let’s see what flavor of shenanigans we may enjoy. It may not be the usual vanilla scam topped wit...
    On February 3, 2016 / By
  • Finance 0

    Potential Connections

    You simply cannot act as a money dealer when the money you are dealing is highly suspect. I am not writing about money in the true sense, such as any tangible form that falls under property laws of custody and bailment, but rather the wholesale “money” that is derived under the much looser and unconstrained terms of financial laws and more so convention. This was another of the great lessons of 2008 that did not stay learned. Take you pick of narratives, as there was no shortage of representative samples from among the network of dealer behemoths. It isn’t coincidence that the names of those who actually failed (insolvent no matter the ...
    On February 3, 2016 / By
  • Finance 0

    Taking Ownership Of Your Retirement Outcome

    Last week Christine Benz had a write up on retiree spending that “unpacked” the 4% rule. One interesting tidbit she threw in was that “…according to a survey from the American College of Financial Services. Seven in 10 individuals between the ages of 60 and 75 with at least $100,000 said they were unfamiliar with the oft-cited 4% withdrawal-rate guideline. Meanwhile, 16% of survey respondents pegged 6% to 8% as a safe withdrawal rate.” The lack of awareness of the 4% rule is of course plausible. But just as more and more Americans (boomers) need to be aware and have some understanding of the concept, the number itself is probably o...
    On February 3, 2016 / By
  • Finance 0

    Seven Reversal Points In Play

    There is a lot of action going on this week in all the different areas of the markets. The PM complex has been rallying, the US dollar is tanking today and the stock markets have been trying to make up their mind which way they want to go in the short term. Here’s what I would like to see happen in regards to the HUI, gold and silver. If the PM complex is bottoming here it has to show us its hand. There is no way around it. Usually when a bottom or top is formed the first move out of the reversal pattern, after a possible backtest, should be very strong or impulsive in nature. The bigger and stronger the move is, the better. Below is a ...
    On February 3, 2016 / By
  • Finance 0

    Market Talk — February 3, 2016

    Japan took a turn for the worst today led predominantly by Exporters (Toyota, Nissan, Honda) all down around 5.5% but even they were led by the Nobel House (Nomura). Nomura reported a 49% drop in Q3 profits and then saw its shares plunge 10.2% in today’s trading. The Nikkei closed down -3.15% on the day and even in late trading in the States futures recovering slightly from the days low (16,618) but is still down an additional 310pts (at 16,890) -1.8%. HSI also had a poor day closing down 2.3% whilst the Shanghai Index finished the day small lower just -0.3%. Both the HSI and China are bouncing with US stocks and are currently +0.6% hig...
    On February 3, 2016 / By
  • Finance 0

    3 REITs To Stand Out This Earnings Season

    In the heart of Q4 earnings season, it is apparent that overall growth is stressed this quarter too. The slowing of the global economy, weakness in oil and other commodity prices, and the strengthening of the dollar against other currencies, are taking its toll on business activity.    While the broader Finance sector, of which the real estate investment trusts (REITs) are a part, has found a reason to rejoice for its 8% growth, yet the overall weakness in top line is palpable. (Read: Q4 Earnings Season: All Around Growth Challenges).   Importantly, though the Fed refrained from making any hike in rates at its recently concluded two-day m...
    On February 3, 2016 / By