Wealth Creation Through Natural Resources
Heading into today’s trading session the market was clearly worried about a hawkish statement from the Fed with the potential for a faster series of rate hikes than previously expected. As it turned out the Fed statement was fairly neutral … Continued
A couple of weeks ago I made a blog post on Treasury yields which was published on 321gold. The main premise of this post was that sentiment for rising bond yields (and in turn lower bond prices) was at an … Continued
U.S. 30-year fixed mortgage rates have just hit a new multi-year low, the lowest levels since November 2012 when the 30-year fixed made its all-time low of 3.31% shortly after the Federal Reserve announced “QE3”: Long Term Chart … Continued
Less than 24 hours after Jeff Gundlach uttered the following words “they have got to dial this [hawkish] rhetoric back or the markets are going to humiliate them.”, gold broke out above a level it had previously had some trouble with, … Continued
With markets in turmoil and the scent of deflation growing stronger by the day the Fed cried uncle this morning with the following comment by New York Federal Reserve President William Dudley: “If the economy weakened, we would consider negative … Continued
A sea of green across U.S. equity markets today: S&P 500 Heat Map Perhaps most interesting was that gold miners (GDX) rallied nearly 4% as gold added $17/ounce: GDX (Daily) GDX has spent the 2nd half of 2015 … Continued
Gold spiked $10 this morning ahead of the Fed’s big announcement which comes at 2pm EST: Gold (5-minute) $1075 is a minor resistance level with a much bigger area of resistance coming in around ~$1090. A rally above $1090 … Continued
The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong employment reports) which has led to the market anticipating a 25 basis … Continued
Aside from drawing arrows in Christmas colors the following chart serves to highlight an unmistakable relationship that has existed between Treasury yields and gold during the last year: 30-year US Treasury Bond Yield (top) vs. Gold (bottom) The inverse … Continued
Here’s the quick take on gold via Morgan Stanley: Clearly a bearish view on gold from MS, also not a very deep view either. This is a classic example of what Howard Marks calls “first level thinking”. All … Continued