Back on June 5, 2017 I wrote a piece on how I thought the break out of gold above its 5 year down trend would likely be a bear trap. You can review the article here. My reasoning was as follows: Mining stocks were underperforming gold. Smaller miners were underperforming larger miners. Large speculators were […]
Read more
No Comments
Economic Discussion
Global Markets The Global PMI (purchasing managers index), a proxy for economic growth has rebounded to multi-year highs. This can be seen in expansion of both manufacturing and services. Markit The Emerging Market and Developed Market PMI expanding together. Is it possible we have entered a coordinated growth cycle after years of uncoordinated growth? CEO’s […]
Read more