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  • Finance 0

    Gold Daily And Silver Weekly Charts – Ol’ Man River

    Ol’ Man River, that Ol’ Man River He must know somethin’ but he don’t say nothin’ He just keeps rollin’, he keeps on rollin’ along. Just like gold, which keeps rolling along, from West to East. South African headquartered multinational mining company Anglo-American was taken out and beaten with an ugly stick in London on the news that they were suspending the dividend and laying off about 85,000 workers. Anglo is a member of the FTSE 100. They are one of the world’s largest producer of platinum, and a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. So muc...
    On December 9, 2015 / By
  • Finance 0

    Overflowing Global Oil Storage Leads To Soaring Supertanker Rates

    One month ago when oil was attempting another break out above $50, we wrote that the black gold had officially reached its “tipping point” when as we noted China had finally reached the limits of its onshore oil storage capacity. This followed rather dire warnings by both us earlier in the year… … and Goldman more recently, that US oil storage is also rapidly approaching it own tipping point, something which the oil market has finally priced in with the collapse in crude to levels not seen since the financial crisis. Fast forward to today, when none other than the PIRA Energy Group warned that the oil market is set...
    On December 9, 2015 / By
  • Finance 0

    Subtle Clues: Not Everyone Thinks The Fed Will Win

    The illiquid trading of December is already well in evidence – and we haven’t even reached the bad part yet. One we are past the CPI report and the Fed meeting, there will be a few days where serious traders are squaring up based on what they now believe after those data points. After that, it will get truly quiet for the last couple of weeks. A little quiet is what the energy market needs. On Monday front Crude broke to new six-year lows. Not since oil bottomed at $32.40 in December 2008 have prices been this low. Prior to that, the last time we saw sub-$40 oil was in July 2004. Ditto with gasoline prices, which are averaging just a touc...
    On December 9, 2015 / By
  • Finance 0

    Something Did Blow Up In Junk

    Now that Kinder Morgan (KMI) has come out with a massive dividend cut, I think it will get harder to ignore that this isn’t just about crude oil prices and the death of “transitory.” There is a financial element here that is perhaps even more important. Kinder Morgan Inc., the biggest North American oil pipeline operator, cut its 2016 dividend by 74 percent as the free-fall in crude markets reduced cash flow needed to cover payments on $41 billion of debt. Kinder Morgan stockholders will receive a payouts totaling 50 cents per share next year, the Houston-based oil and natural gas shipper said Tuesday in a statement. As recently as No...
    On December 9, 2015 / By
  • Finance 0

    One True Measure Of Stagnation: Not In The Labor Force

    This is a stark depiction of underlying stagnation: paid work is not being created as population expands. Heroic efforts are being made to cloak the stagnation of the U.S. economy. One of these is to shift the unemployed work force from the negative-sounding jobless category to the benign-sounding Not in the Labor Force (NILF) category. But re-labeling stagnation does not magically transform a stagnant economy.To get a sense of long-term stagnation, let’s look at the data going back 45 years, to 1977. NOT IN LABOR FORCE (NILF) 1976 to 2015 I’ve selected data from three representative eras: — The 20-year period from 197...
    On October 6, 2015 / By
  • Finance 0

    US Services Economy “Bounce” Dies As New Orders Crash Most Since Lehman

    On the heels of China’s, Japan’s, Brazil’s, and Europe’s Services PMI weakness (and US Manufacturing PMI and ISM weakness), Markit’s US Services PMI printed 55.1 (missing expectations of 55.6) and dropping to its lowest since June. This catch-down to Manufacturing weakness suggests the mid-year bounce is well and truly dead as even Markit admits, “it remains unclear as to whether growth will weaken further as we move into Q4.” Additionally, after its exuberant spike to 10 year highs in July, ISM Services continued to drop back (to 56.9 missing expectations) . Services (blue) appear to catching down to...
    On October 6, 2015 / By
  • Finance 0

    Anavex Life Sciences – Chart Of The Day

    The Chart of the Day is Anavex Life Sciences (OTCQX:AVXL). I found the biopharmaceutical stock by using Barchart to sort for the stocks with a Weighted Alpha of higher than 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 10/2 the stock gained 18.75%. The Company is an emerging biopharmaceutical company engaged in the discovery and development of novel drug targets for the treatment of cancer and neurological diseases. The company’s proprietary SIGMACEPTOR Discovery Platform involves the rational drug design of compounds that fulfill specific criteria based on unmet market needs and new sc...
    On October 5, 2015 / By
  • Finance 0

    REIT’S (VNQ) Breaking Out?…

    Real Estate Investment Trusts (REIT’s) have had a tough go of it in 2015. As the threat of higher short term rates looms overhead. I’m using the Vanguard REIT index fund (VNQ) in the chart above, which shows the prior retrace rallies have come in the vicinity of $7 off the lows. Here at $77 we near the same length of the prior two rallies. So the question remains, will the third time be the charm?   This chart highlights the upcoming technical resistance points to watch. They come in at $78, $80, $81.50 and $85. I’m willing to conclude that a break above $78 would likely break the downtrend and give a real shot of testing $85, the high...
    On October 5, 2015 / By
  • Finance 0

    The Courage To Act, Or Not

    Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB)  DOW + 304 = 16,776 SPX + 35 = 1987 NAS + 73 = 4781 10 YR YLD + .07 = 2.06% OIL + .72 = 46.26 GOLD – 2.50 = 1136.90 SILV + .40 = 15.77 The Dow Industrial Average has gone from a low of 16,013 Friday morning after the jobs report to an intraday high today of 16,798, or a swing of 785 points. The S&P 500 rose for a fifth session in a row, its longest winning streak this year The US, Japan and 10 other Pacific Rim economies have reached agreement to strike the largest trade pact seen anywhere in two decades. The Trans-Pacific Partnership covers some 40% of t...
    On October 5, 2015 / By
  • Finance 0

    Failure To Launch

    The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn’t built up any noticeable steam, and why the Fed has failed to move rates off zero, where they have been for seven years. But the downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can’t explain away. The report should make it abundantly clear that we are far closer to...
    On October 5, 2015 / By