The Quiet Bull Market in Oil
While the world’s attention has been focused on Europe, the price of oil has risen more than 33% from its October low. West Texas Intermediate Crude is now trading above $100 per barrel. Much of the rally in West Texas crude is due to technical factors as Brent crude, which is more of a global benchmark... Read the full story
Copper Signals Trouble
Copper is said to have a PhD in economics for its ability to forecast the economy. Copper is used in everything from construction to autos to electronics. What do copper prices signal about the economy today? Global economic momentum is slowing. Copper prices are rolling over. The red metal has broken... Read the full story
From Raging Bull to Angry Bear
The raging bull market in silver has turned into an angry bear. Silver is down 5% this morning and more than 30% from its high only two weeks ago. The abrupt reversal is nothing short of spectacular—to watch of course. Investors who bought physical silver, or worse yet, margined silver futures, just... Read the full story
The Raging Bull Market in Silver
Silver hit a new all-time high this morning. Silver has risen over 144% since August 31. Why are we measuring from August 31? The end of August is when the esteemed Mr. Bernanke signaled that the Federal Reserve would print another $600 billion in Federal Reserve Notes. The money-printing campaign ignited... Read the full story
The World’s Best-Performing Commodity
Do you know which major commodity has increased in price most YTD? It’s cotton. Cotton is up 96% YTD. The second-best-performing commodity is palladium. Palladium has gained 88% YTD. The big gains in cotton and palladium are not outliers, though. In Young Research’s Global Investment Strategy, we... Read the full story
Gold is at $1,400
Don’t tell me there is no inflation, the price of gold has topped $1,400/ounce. The Dow Jones Industrials are up year-to-date and over the past three years. But even so, Gold has beaten the DJIA Total Return (i.e. dividends included) handily as shown in my two charts. Make sure you are not caught... Read the full story
Sky-High Silver
Silver prices have gone parabolic. The metal is up almost 60% since August. If history is any guide, this isn’t going to end well. Read More →
Vital Intelligence for Investment Success
If you read The Wall Street Journal or the Financial Times, you have likely heard about the “risk trade.” It’s a term journalists have been using with increasing frequency to explain the behavior of financial markets. You see, since the financial crisis struck, risky assets have either been rising... Read the full story
CRB Spot Index Hits All-Time High
Is it deflation that we should be worried about? According to the Fed, inflation is too low. That may be a temporary problem. The CRB commodity spot index just hit a new all-time high. The index is up 15% YTD. Read More →
A Must-Have MLP Fund
You don’t want to miss the boat on master limited partnerships (MLPs) especially now that the asset class is receiving more press. A recent Wall Street Journal piece by Tom Lauricella and Carolyn Cui, “Frenzy in Energy Partnerships,” shed more light on the relatively unknown natural resource pipeline... Read the full story
