Tom McClellan
Tom McClellan Articles
The Baltic Dry Index (BDI) peaked back on October 7, 2021, and has fallen by 72% since then as worldwide demand has fallen rapidly for cargo ships to haul iron ore and other “dry” cargos. This has a bearish implication for stock prices, as...
The US Dollar Index is headed for a multi-month uptrend, if you can believe the message from tin prices.
We all know that we are supposed to “sell in May and go away”. Everyone says so. And so far in 2021, that looks like the operative strategy, since stock prices have been chopping sideways, just like they are supposed to.
GLD and IAU are the two largest of the gold bullion exchange traded funds (ETFs). Not surprisingly, investors like to push money into them and pull money out as gold prices rise and fall. The real fun comes when investors don’t follow that...
I have been writing professionally about the financial markets since 1995, and in all of that time I have almost never referenced valuation. It is not because valuation does not matter, but rather that valuation does not give any useful...
Congress and the White House seem intent upon spending a lot more of our money. In the past 12 months ending in February 2021, the federal government has spent $2 for every $1 it took in. That has boosted the deficit up to an amount never...
Back in February 2019, I gave a brief lesson on a bit of charting magic known as a “rainbow convergence”. T-Bond prices this month have given us another great opportunity to examine this topic.
Since bottoming on Dec. 12, gold has had an impressive run higher, closing up on 13 out of the past 14 trading days. Or at least that’s true for gold prices measured in dollars.
We are now entering the upward phase of gold’s 8-year cycle, and that should bring some fun gains. And this comes at a time when gold has not been getting much of investors’ attention. If gold stays flat for a year, and Bitcoin twinkles to...
