Mark J Lundeen
Electrical Power Demand (EP) is my favorite economic series. EP is measured in kilowatts; a unit of power designed by engineers and not subject to hedonic adjustments by government funded statisticians. If the economy is growing, the...
Barron’s Best & Intermediate Grade Bond Yields provides us with an excellent history of investment grade bond yields from December 1938 when Barron’s first computed its Confidence Index (CI). I reconstructed these two bond series...
There is only one reason to make an investment: expectations that one will come out of it with more money than one came in. So have gold and silver rewarded investors since 1969, the year when gold first appeared on investors’ radar after...
Many interesting things are happening in the markets as we move into 2015. On Thursday this week the ECB announced an eighteen month, 1.1 trillion euro QE program. I had a good chuckle over this as I remembered how Europe’s central...
I was going to take a break from writing for the remainder of the year, but before I do I want to write one more article on gold and silver as developments now in late November may prove to be historic. No guarantee from me that gold and...
2014 has been a very good year for the “policy makers.” Seeing the Dow Jones up 8.32% on the year tells us that, but more importantly we can see their success in enforcing “stability” in the economy by the lack of days of extreme...
Using data from the US Treasury, updated through August of this year, let’s take a look at who is purchasing US Treasury bonds:
In early November we find the Dow Jones moving from one new all-time high to the next while the price of gold (and silver) only seem to go down, that is until today. This is certainly not hard to understand; the Western central banking...
A week ago everyone was bearish; this week with the market’s recovery it feels safe to buy a growth stock again. I’m not so sure everything is fine; in fact I’m still damned bearish on the stock market. But before I go into that let’s...
Two weeks ago (October 3rd) I noted the bearish NYSE 52Wk High & Low data that began just days before the Dow Jones reached it latest all-time high on September 19th. I included the table below (with data updated to October 3rd),...
