Archive for November 2022
Stock, Retail and Housing Update
Despite the recent rally in stocks, when analyzing longer-term price charts, it is my view that stocks remain in a downtrend at this point in time. As I have often stated in this publication, it is rare that any market moves straight up or straight down. Instead, a downtrend is typically characterized by…
Read MoreIs a Central Bank Digital Currency About to Become Reality?
With the recent bankruptcy of the cryptocurrency exchange FTX, there has been a lot of renewed focus on cryptocurrencies. While there are many alleged improprieties relating to the failure of FTX, this week, I want to focus on the bigger picture and the ambitions of many policymakers and politicians when it comes to…
Read MoreMetals, Currency and Inflation
Precious metals, stocks, and bonds all rallied last week. Interestingly, the rally in metals occurred after the inflation report came in cooler than expected. This from “Zero Hedge” (Source: https://www.zerohedge.com/personal-finance/core-cpi-inches-lower-40-year-highs-real-wages-tumble-19th-straight-month) The headline CPI printed far cooler than expected at +7.7% YoY (vs 7.9% exp) and down from the +8.2% in Sept. That is the lowest…
Read MoreSilver, Fed Policy and Harsh Reality
Precious metals rallied last week, notably silver which advanced 8.67%. Over the course of this year, the disparity in pricing between the paper or “spot” price of precious metals has widened. Put another way, the “premium over spot” at which physical precious metals sell has increased in calendar year 2022. For example,…
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