Fed Hikes Rates, Gold Goes Higher

Gold and currencies reacted in a mixed way after the Fed's announcement to hike interest rates with 25 basis points. Gold remains firm above its recent lows. It was not only gold, but also miners which reacted after the Fed's announcement. As gold miners are known to lead the precious metals complex (higher and lower),…

The Economy is Imploding

Dear Reader, For the past 7 years, the world has been living through a really ugly experiment, hyper-Keynesian economics. Included are stimuli, low interest rates, quantitative easing, and plenty of fraud to go around, from government statistics to the lack of honest accounting. For years, investors were bullish on China, a country that was hailed…

Bitcoin Rising

The resilient cryptocurrency, bitcoin, continues to make its charge upwards despite a challenging macroeconomic environment. When all asset classes seem to be flat to down as of late, bitcoin continues to rise & with this increase come compelling takeaways. Negative Correlation Bitcoin appears to be negatively correlated to the rest of the market, specifically housing…

Demographics of the Jobs Report

Over the last two reporting months, the U.S. Department of Labor produced solid numbers, particularly for October, when the economy added 298,000 non-farm jobs. The tally more than doubled the results of the prior month, setting the stage for the Federal Reserve to raise its much promised interest rate target. Although November's total of 211,000…

401k Hypnosis

One thing I consistently notice in the workplace is the acceptance at which the general populace accepts the merits of the 401k as gospel. Invest and save for the long term they say, and do it in the 401k. Why not? You’re crazy if you don’t use the 401k you know? For readers of this…

Wall Street Hammered Before Fed Convenes

Perhaps good news may be bad news after all. At a time when global financial markets seldom follow logical pathways, one counterintuitive message may ring true. The U.S. Federal Reserve has been promising — some might pessimistically say threatening — to raise interest rates so long as economic barometers confirm positive momentum and stability. While…

Jobs Report Boost: What A Surprise!

U.S. equity markets welcomed a robust performance on Friday, which had all the makings of a so-called catch-up rally. All three major blue-chip indices gained an average of over 2%, with the venerable Dow Jones Industrial Average leading the pack up 2.12%, or nearly 370 points. This, however, did not quite make up for the…

What’s Happening To Gold Prices?

Amid the roaring noise of the markets and snowballing geopolitical events, gold prices have suffered a silent and pernicious retreat. Since peaking recently in mid-October of this year, gold prices have dropped more than 8% in value, putting their losses near the same ballpark as the Brent Crude Oil index over the same time frame.…