Articles related to Ratio
 
Peter Schiff - Euro Pacific Capital
Calm Before The Storm
In light of the 30-year anniversary of the Black Monday Crash in 1987 (when the Dow lost more than 20% in "one day", we should be reminded that investor anxiety usually increases when markets get to extremes. If stock prices fall steeply, people fret about money lost, and if they move too high too fast, they worry about sudden reversals. As greed is supposed to be counterbalanced by fear, this relationship should not be surprising. But sometimes the formula breaks down and stocks become very exp
Friday, October 20, 2017
Keith Weiner - Monetary Metals
Falling Productivity of Debt
Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock market predictions. We talk about this phenomenon to make a different point. The discount rate has fallen to a very low level indeed. Discount in stocks is how you assess the present-day value of earnings to occur in the future. For example, if the discount rate is 10%, then a dollar of earnings per share at Acme Piping next year is worth $0.90 today. At
Wednesday, October 18, 2017
Andy Hoffman - Miles Franklin
The Added Liquidity Caused By 2 Votes
We have been involved in one heck of a transition these past 5 quarters. Not only has the politically gamed background been forced up front and center for both party’s embarrassment, the intelligence agencies and foreign agreements (entanglements such as those of NATO, NAFTA, CAFTA et al.) are now totally open to full exposure speculation.  And boy the protestations coming from those that are finally being looked at are loud and obnoxious aren’t they? So much commotion is going on that it is rea
Wednesday, October 18, 2017
Mark O'Byrne - gold.ie
Silver Bullion Prices Set to Soar
Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row. With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued com
Wednesday, October 18, 2017
Ronan Manly - Bullion Star
  Neck and Neck: Russian and Chinese Official Gold Reserves 
Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia. The Russian Federation’s central bank, the Bank of Russia
Tuesday, October 17, 2017
Phoenix Capital - Gains Pains & Capital
Zimbabwe Inflates, Again…
In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below). At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of Zim
Sunday, October 15, 2017
Gary Tanashian - Biwii
Update on Q4 Pivot View for Stocks and Gold
By Gary TanashianReference a post from August 11: Potential Pivots Upcoming for Stocks and GoldStock Market StatusIn the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘sti
Friday, October 13, 2017
Adam Hamilton - Zealllc
Gold Miners’ Q3’17 Preview
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more highly anticipated by investors, for good reason.  Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities.  Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector. Four times a year publicly-traded
Friday, October 13, 2017
Mark O'Byrne - gold.ie
Young Guns of Gold Podcast – ‘The Everything Bubble’
– Precious Metal Roundtable discuss gold in 2017 and outlook – Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold” – Economy: Inflation indicators, recession on the horizon, global debt issues – Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold – “First monetary inflation, then asset inflation, next is price i
Thursday, October 12, 2017
Steve Saville - Speculative Investor
Updating gold’s true fundamentals
Last week I posted a short piece titled “A silver price-suppression theory gets debunked“, the main purpose of which was to direct readers to a Keith Weiner article disproving that the silver price had been dominated by the “naked” short-selling of futures. My brief post rattled the cage of GATA’s Chris Powell, who made an attempt at a rebuttal early this week and in doing so proved that 1) he doesn’t understand what arbitrage is and how it affects prices, and 2) he doesn’t understand what funda
Wednesday, October 11, 2017
Przemyslaw Radomski CFA - SunshineProfits
Palladium Beats Platinum for the First Time in 16 Years
At the end of September, the price of palladium became higher than the price of platinum. What does it mean for the precious metals market? Initially, we wanted to provide investors with an update on Catalonia, but Catalan President Carles Puigdemont rescheduled the session of the Catalan Parliament for today. We will cover the developments in Spain in tomorrow’s Gold News Monitor, while today we focus on the historical development in the precious metals market. On September 28, palladium prices
Tuesday, October 10, 2017
Keith Weiner - Monetary Metals
Stocks Up and Yields Down, Gold and Silver Report 8 Oct 2017
Many gold bugs make an implicit assumption. Gold is good, therefore it will go up. This is tempting but wrong (ignoring that gold does not go anywhere, it’s the dollar that goes down). One error is in thinking that now you have discovered a truth, everyone else will see it quickly. And there is a subtler error. The error is to think good things must go up. Sometimes they do, but why? First, we think it’s a cop-out to say, “well it’s all subjective.” If it were all subjective, then there would be
Monday, October 9, 2017
Przemyslaw Radomski CFA - SunshineProfits
Stocks Keep Going Higher, But Will They Continue?
Briefly:Intraday trade: Our yesterday's intraday trading outlook was neutral. It proved correct because the S&P 500 index gained just 0.1% following slightly lower opening of the trading session. The index may retrace some of its recent rally today after neutral of the trading session. There have been no confirmed negative signals so far. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.Our intraday outlook is neutral today. Our short-term outlook is neut
Thursday, October 5, 2017
Nathan Lewis - New World Economics
The GOP’s Tax Framework Looks Good. Let’s Do It.
(This item originally appeared at Forbes.com on October 5, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/05/the-gops-tax-framework-looks-good-lets-do-it/#509e95f5784a   The Republican Party has released its framework for tax reform. I like it a lot. First, let me congratulate all those, within Congress and throughout the policymaking intelligentsia, who kept their eye on what really matters: It’s the economy, stupid. A healthy economy helps solve every other problem. It reduces the de
Thursday, October 5, 2017
Jan Skoyles - GoldCore
Safe Haven Silver To Outperform Gold In Q4 And In 2018
– Safe haven silver to outperform gold in Q4 and 2018 – “Expect silver to eventually outperform gold” say Metals Focus – 2017 YTD, silver has underperformed gold, climbing by 5% versus 11% – Silver undervalued versus gold and especially stocks, bonds and many property markets – Will follow gold’s reactions to macroeconomic & geopolitical factors and should outperform gold – Special report on India shows it accounts for just 16% of global silver demand – Silver a “safe haven at times during which
Wednesday, October 4, 2017
Keith Weiner - Monetary Metals
Is That a Feature or a Bug?
We have covered many reasons why bitcoin is unsound and not money. It’s a ledger of unbacked liabilities. It is designed to have finite quantity but therefore indeterminate and hence volatile value. This makes it unusable for borrowing or lending and hence savings, but a great a vehicle for conversion of one person’s wealth into another’s income. It is not a commodity—discussion of the usefulness of the network notwithstanding—nor is it backed by a commodity or any asset. It is a perfect, crypto
Monday, October 2, 2017
Mark O'Byrne - gold.ie
China Catalyst To Send Gold Over $10,000 Per Ounce?
Jim Rickards is on record forecasting $10,000 gold. But is China about to provide the catalyst to send gold even higher? And by how much? Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still… China — the world’s largest oil importer — struck lightning through international markets recently. According to the Nikkei Asian Review, China has plans to buy imported oil with yuan instead of dollars. Exporters could then exchange
Saturday, September 30, 2017
Michael Ballanger
Newton's Third Law
In late August, we decided to anchor our boat out in a place called Indian Harbour, a wonderful "safe haven" for boaters that love northern Georgian Bay, in an effort to make the most of what has been an absolutely dreadful summer for most people in the east-central part of Canada and the U.S. This little harbour is protected by a small sliver of rock and trees that separates it from the ravages of the prevailing westerlies which whip across the prairies gathering momentum until they descent upo
Friday, September 29, 2017
Frank Shostak
Why Does US Price Inflation Remain Relatively Subdued?
The yearly growth rate of the US consumer price index stood at 1.9% in August against 1.7% in July, while the growth rate of the price index less food and energy stood at 1.7% in August against a similar figure in July and 2.3% in August last year.Given that the Fed’s target for the core CPI i.e. the CPI less food and energy is 2%, this has  prompted some experts and Fed policymakers to seek answers as to why price inflation remains subdued in the midst of a declining unemployment rate and prolo
Thursday, September 28, 2017
Mish - Global Economic Analysis
Economic Polarization: Map Shows Distressed Communities Predominantly in in Southern US
The Economic Innovation Group has an interesting report on Distressed Communities. The study notes “America’s elite zip codes are home to a spectacular degree of growth and prosperity. However, millions of Americans are stuck in places where what little economic stability exists is quickly eroding beneath their feet.” Distress is based on an evaluation of seven metrics. Distress Metrics No high school diploma Housing vacancy rate Adults not working Poverty rate Median income ratio Change in em
Tuesday, September 26, 2017
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