Bitcoin Is So Like 1979 Silver

Bitcoin Is So Like 1979 Silver

Bitcoin smashed up and smashed down, yet the final washout is still to come. Video Length: 00:10:03 Silver match up: And a reminder of Bitcoin cycle.
Margin Trading Vs. Leveraged ETFs

Margin Trading Vs. Leveraged ETFs

First, what is the difference between these two methods of investing? We walked through leveraged ETFs last time, so we will focus mainly on margin trading today. Margin trading refers to borrowing funds from a broker in order to trade an asset such as stocks. The purpose of the loan is to amplify the gains […]
Stocks And Precious Metals Charts – Comex Option Expiration Antics On Display – Smart Money Has Left The Building

Stocks And Precious Metals Charts – Comex Option Expiration Antics On Display – Smart Money Has Left The Building

The concept behind the Smart Money Flow Index is simple. The SMI states that: 1. The “dumb money” trades during the first half hour of each trading day (9:30 am to 10 am), while… 2. The “smart money” trades during the last hour of each trading day (3 pm – 4 pm).  The index was invented by […]
Market Talk – Tuesday, Nov. 27

Market Talk – Tuesday, Nov. 27

Even though the US market lost a little of Monday’s gains into the close, the mood in Asia still appeared reasonably constructive ahead of any trade talks. The Hang Seng was a little more confident as it responded well to rebounding tech values, but even then only managed a near unchanged close. Shanghai opened well […]
They Warned Us

They Warned Us

We can add this to the list of all the things going wrong in October. If it felt like a wave of renewed deflation built up and swept over markets and the global economy, it’s because that’s just what had happened. I don’t think it a random coincidence the WTI curve went contango and oil […]
WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

One day after Goldman muppet’d its clients with a reassuringly bullish note, WTI Crude has crashed back to a $50 handle near its lowest levels since Oct 2017 (sending HY credit risk spiking near two-year wides). USD strength is not helping… As a reminder, here is Goldman: Goldman Sachs Group – which has been urging its client to […]
November 2018 Conference Board Consumer Confidence Declined

November 2018 Conference Board Consumer Confidence Declined

The latest Conference Board Consumer Confidence Index’s headline number is 135.7 (1985=100), down from 137.9 in October. Analyst Opinion of Conference Board Consumer Confidence Consumer confidence has been on a multi-year upswing. The softening this month could be the beginning of a downtrend – or at a minimum is showing a growing uncertainty by consumers this month. […]
USD/CAD: Uptrend Intact As Bulls Eye 17-Month Highs Near 1.3400

USD/CAD: Uptrend Intact As Bulls Eye 17-Month Highs Near 1.3400

Over the weekend, we officially crossed the threshold into the final 10% of the year…but it sure feels like much more than 10% of the year’s high impact economic events are still ahead of us! Within the next week and a half alone, we have a highly-anticipated speech from Fed Chair Powell ahead of the […]
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                        Canada’s Inflation Remained Broadly Steady In October

E Canada’s Inflation Remained Broadly Steady In October

Canada’s year-over-year consumer price index rose 2.4% in October following a four-month low of 2.2% in September. On a simple monthly basis, the CPI rose 0.3% since September. The largest contributor to October’s CPI increase was the 2.5% increase in auto prices. Auto prices on their own account for 8% of the index. Airfares also […]
The Current Financial Asset Bubble In The DJIA

The Current Financial Asset Bubble In The DJIA

My friend who has been creating this chart below seems rather exercised by the correlation. He has lots of charts showing the math behind it, and so forth. What it says to me is that we are at a financial asset bubble top, which appears to have crested. The old short seller in me knows […]