The Federal Reserve, as you probably know, has a dual mandate: to maximize employment and to stabilize prices. Every month, the Fed gets graded on its inflation obligation when the Consumer Price Index (CPI) is updated.
I’m an impatient person...
We finally got a break in gold prices on Tuesday. And now there’s plenty of punditry explaining why. British PM Theresa May was named a culprit by many observers for talking down sterling (read: talking up the Yankee dollar) as she laid out a Bre...
No doubt about it, it’s been a great year for gold. Basis the London morning fix, bullion’s climbed more than 25 percent to date. It’s been an even better year for gold mining stocks. The VanEck Vectors Gold Miners ETF (NYSE Arca: GDX), a 52-stoc...
Over the past few years, the popularity of TED (Technology, Entertainment and Design) Talks has mushroomed. The talks, in case you haven’t seen any, are a series of concise “big idea” presentations made by scientists, artists, educators and other...
The odds of a rate hike coming out of this month’s Fed meeting shot up last week, roiling not just the Treasury market, but stocks and gold as well.
Well, “shot up” may be overstating things a bit. The odds, implied by the Fed Funds futures ...
“What goes up must come down.” So, supposedly, said Isaac Newton. It turns out what applies to physics also applies to financial markets.
So what went up? Well, about a month ago, we puzzled over the steepening contango in the Comex (CMX) gold...
At last week’s baseball game, my friend fretted over the slump in the price of his United States Oil Fund (NYSE Arca: USO) shares. I spent the better part of an inning explaining an optimization of his covered call strategy after he...
