By Otto Rock of IKN Consider some facts: 1. In late 2009 (closed Feb 2010) and after beating out Penmont for the prize, Goldcorp (GG)
By Jeffrey Snider of Alhambra After the Fed “raised rates” a little over a week ago, the US treasury market responded with another collective shrug.
By Steve Saville [Commonly cited gold price drivers] aren’t true fundamental price drivers. At best, they are distractions. To paraphrase Jim Grant, gold’s perceived value
By Jared Dillian It wasn’t always this way. We never used to get a giant, speculative bubble every 7-8 years. We really didn’t. In 2000,
By Danielle DiMartino Booth There is a delicious liberation in having nothing to lose That profound realization quickly comes into focus for those who can
By Heisenberg There is just too much crude oil in the market… It was relatively quiet overnight session which saw market participants continuing to focus
By Michael Ashton Every few years or so, this story goes around to great acclaim: inflation is dead, killed by the internet. Recently, we have
By Kevin Muir of the Macro Tourist The way I see it, going forward either one of these two things will happen. The stock market
By Heisenberg What happens when the global credit impulse dries up? Earlier today, I brought you a couple of visuals from the latest presentation by
By Jeffrey Snider of Alhambra Earlier this month, the BEA estimated that Disposable Personal Income in the US was $14.4 trillion (SAAR) for April 2017.
By Heisenberg Jeff Bezos is going to drive every retailer on the planet not called “Amazon” out of business if it’s the last thing he
By Joseph Calhoun of Alhambra There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets