Finance

Duluth Metals Gets Bought Out…Who Is Next?

For months I highlighted that the low valuations in the junior resource space will attract large miners especially in the platinum and palladium (PGM) space which has a huge supply demand imbalance. This past week Antofagasta offered $.45 per share for junior miner Duluth Metals Twin Metals Ni-PGM deposit in Minnesota. The Twin Metals Deposit is similar…

EC Stock ETF I

Perhaps as long as China is cutting rates and Europe is buying asset-backed securities – and as long as the U.S. maintains its policy of zero percent interest rates – investors can ignore traditional risk in stock assets. Then again, contrarian assessments suggest that participants are closing in on euphoric extremes and credit spreads are…

Senator Levin: Fed Enabled Banks To Elbow Way Into Commodities, M

Apparently Senator Levin is not expecting many $250,000 speaking engagements from Wall Street after he leaves the Senate. The Wall Street Banks have NO business using their subsidized banking funds and deposits to speculate in global markets for their own accounts. This was the basic safeguard provided by Glass-Steagall for almost sixty years that was overturned…

Kansas City Fed: Manufacturing Growth Strengthens In November 201

Of the three regional manufacturing surveys released to date for November, all show manufacturing expansion. The market was expecting a range between 4 to 7 (consensus 6) versus the actual at 7.  A positive number indicates expansion. GROWTH IN TENTH DISTRICT MANUFACTURING ACTIVITY EXPANDED FURTHER The Federal Reserve Bank of Kansas City released the November…

Risk Falling

Over the past week most of our core market health indicators improved a bit. Our core measures of risk made it into positive territory. As a result, long/cash allocations will now be 20% long and 80% cash. The hedged portfolio will be 60% long stocks we believe will out perform in an uptrend and 40% short the…

GSR & USD Diverge On Draghi

Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio is non-confirming, and thus per yesterday’s post we are still going with the potential of an asset rally that could include other items besides stocks. As…