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2018 Stock Market Bubble vs. Gold & Silver

The U.S. Stock Market is reaching its biggest bubble in history. When the price of the Dow Jones Index only moves in one direction… UP, it is setting up for one heck of a crash. While market corrections aren’t fun for investors’ portfolios, they are NECESSARY. However, it seems that corrections are no longer allowed to take place because if they did, then the tremendous leverage in the market might turn a normal correction into panic selling and a meltdown on the exchanges. So, we continue to see the Dow Jones Index hit new record highs, as it moved up […]

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Bitcoin Comedy & Stock Market Melt-Ups

Tyler here with this week’s Macro Musings. Recent Articles/Videos — Blockchain — We discuss the real value of cryptocurrencies like Bitcoin — blockchain. We explain how blockchain works and its potential transformative uses. Articles I’m reading — A Hedge-Fund Titan Puts Away the Punch Bowl Our favorite macro investor, Ray Dalio, has some sobering thoughts on how financial assets will perform over the next 10-years. The problem is that with interest rates and risk premia near all-time lows and debt and asset values near all-time highs, there’s little fuel to repeat the process. Just as the Fed can’t cut rates […]

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Finding Good Buys in a Pricey Market

As we approach the New Year, markets are (mostly) reveling in the festive spirit, following the seasonal trend known as the Santa Claus Rally. However, most people I know find it scary to buy a stock when it’s at its all-time high… which is where many stocks are these days. Facebook… Amazon… Apple… Netflix… Google… and, yes, Bitcoin… They’re all trading at or near their all-time highs. They are, indeed, “scary buys.” But here’s the thing… There ARE ways to find good buys, even in this environment. You’ve just got to use the right strategy. That is… Momentum! Momentum strategies […]

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2017 Has Been The Best Year For The Stock Market EVER

We have never seen a better year for stocks in all of U.S. history.  Just five days after Donald Trump entered the White House, the Dow Jones Industrial Average hit the 20,000 mark for the first time ever.  On Monday, the Dow closed at 24,792.20, and there doesn’t seem to be any end to the rally in sight.  Overall, the Dow Jones Industrial Average is up more than 5,000 points so far in 2017, and that absolutely shatters all of the old records.  Previously, the most that the Dow had risen in a single year was 3,472 points in 2013. […]

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What Really Drives the Housing Market

In the summer of 1992, my wife and I lived in Dallas. I had just turned 26 and had two years of marriage under my belt. My career was moving along, but I wasn’t making much money. And I was in grad school. This is the point at which my wife informed me that we should have a baby. Clearly, with little or no savings, no time to spare, and not much life experience, we needed to bring another soul into the world. Oh yeah, and before we have a child, she told me we needed to own a home. […]

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More Investors Sell Bitcoin for Gold/Silver; Michael Pento: Stock Market & Fixed Income Bubble

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a truly explosive interview with Michael Pento of Pento Portfolio Strategies. Michael describes for us what may be coming in the bond and fixed income markets and the impact on the stock market and on gold prices in 2018. He also shares some of his very strong feelings about Bitcoin and the crypto-currencies. You absolutely must hear my conversation with Michael Pento, coming up after this week’s market update. On Thursday, Congress hastily passed a short-term funding bill that averts a government shutdown – but only […]

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The Coming Bull Market In Oil

To be a smart contrarian you need to have the confidence to dive into unloved areas of the market and sort through the rummage in search of asymmetric opportunities. Our team at Macro Ops has been digging deep and has finally “struck oil” in the energy market.   The popular narrative driving oil’s bear market over the last 3 years has consisted of two core ideas: Fracking has caused the supply of oil to explode. The adoption of electric vehicles is killing a huge source of oil demand.   Combine increased supply with decreased demand and of course you’re going […]

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Precious Metals Analyst Totally Omits Silver Investment Demand From Market Fundamentals

The motivation to write this article came from several of my readers who sent me an interview by CPM Group’s Jeff Christian, at the San Franciso Gold and Silver Summit. In the video, Jeff claims that there has been a silver market surplus for ten years and those industry analysts, who have reported deficits, “Are simply wrong.” Jeff goes onto to say, “they have been wrong the entire time they have been on the silver market.” Jeff continues by explaining that to analyze the silver market correctly, you must look at surplus and deficits based on total supply versus total […]

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The Dow Peaked At 14,000 Before The Last Stock Market Crash, And Now Dow 24,000 Is Here

The absurdity that we are witnessing in the financial markets is absolutely breathtaking.  Just recently, a good friend reminded me that the Dow peaked at just above 14,000 before the last stock market crash, and stock prices were definitely over-inflated at that time.  Subsequently the Dow crashed below 7,000 before rebounding, and now thanks to this week’s rally we on the threshold of Dow 24,000.  When you look at a chart of the Dow Jones Industrial Average, you would be tempted to think that we must be in the greatest economic boom in American history, but the truth is that […]

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Bruce Kovner On Listening To The Market, Politics, & Risk Control

The following is a fantastic speech from Bruce Kovner on Caxton Associates’ 20th anniversary. Kovner shares a plethora of trading wisdoms including the three most important contributors to his hedge fund’s success. You can read the original speech from 2003 here. ~~~~~~ To all my colleagues, to friends and associates who have worked and invested with us over the years, may I say welcome to this 20th anniversary party. This is the first time Caxton has thrown a party for our extended family and I am happy and thrilled to welcome all of you. If we are able to catch […]

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