Merck (MRK) roaring higher today based on yet-another-Covid-drug that will throw off ungodly profits (after accounting for executive multi-million dollar annual compensation).
What’s going on with bonds is interesting. It used to be that as bonds eroded, interest rates went up, and then banks would roll around in a bull-gasm. These days, however, even the nimrods who buy equities are realizing that higher interest …
This morning, gold is enjoying a desperately-needed relief rally, up nearly $40 per ounce as I am typing this. Sadly, for precious metals fans, I think this is just another fake-out. Don’t get me wrong philosophically, I would love to see gol…
You may recall that, comically, there was an attempt made early this year by the /wsb crowd to make Bed Bath & Beyond the next hot meme stock, in the fashion of AMC and GME. Having lost 70% since January, it seems that fanfare has been rendered…
This has gone from bad to worse.
Judging from the ETF UNG, investor interest in natural gas has been heating up.
Earlier today, I doubled my short position on Brazil fund EWZ
Crypto is a powerful ally.
Here is the metals and mining ETF, which has demonstrated its overhead supply by way of that upper horizontal line: As you can see from many years of data, this instrument definitely has the ability to top and fall. As the ratio chart below suggest…
This ratio chart suggests to me that gold is finally going to take some of the verve out of the cryp-verse.
