Wealth Creation Through Natural Resources
By all accounts inflation levels are beginning to accelerate globally and the Fed appears to be more committed than ever before to raising interest rates next week. Markets have spent the last couple of weeks pricing in a more aggressive … 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
While equities have more than tripled from the 2009 bottom and home prices have also tacked on significant gains (doubled in certain parts of the country) there is a valid case to be made that these asset classes are still … Continued
After a few years of healthy gains we have seen the median existing home price slip roughly 6-7% during the 2nd half of 2015: Notice the stair-step pattern of price appreciation since 2011. Are we ready for the next … Continued
Futures speculators have spent the last few months amassing a more than $50 billion net notional short position in Treasury futures: This massive short position is even more significant given that the 10-year yield is nearing the apex of a … 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
All hell has been breaking loose for the last week. From the Shanghai stock market going into full crash mode to Greek citizens formally voting to leave the eurozone to the New York Stock Exchange halting trading for 4 hours, there’s … Continued
As John Maynard Keynes famously stated “When the facts change, I change my mind. What do you do, Sir?”. I am very close to changing my mind on the direction of long-term interest rates. The chart of the 10-year US Treasury … Continued