Inflation Watch
Yesterday, based on easy Ben the inflation dove’s JEC testimony, I noted that: "I think Gold — and most of the...
Pause/Resume Scenario Increasingly Likely
The Markets have reversed on Fed Chair Bernanke’s testimony to the JEC with his "Outlook for the U.S. Economy.". His...
Gasoline: $3.59.90
Mrs. Big Picture just called to complain that she was filling up at $3.59 per gallon (premium) as we speak. Here’s the latest chart...
Complacency anyone? (Wall of Worry vs. What, Me Worry?)
We have discussed the general complacency of traders as evidenced by the market climbing higher despite a universe of potentially ugly...
Oil Paintings
Since we have been discussing so much Oil related info today (and it is Friday) how about some levity . . . Source:Pepper . . . and...
How much further can commodities run?
Our calvalcade of Oil continues. I like the approach of the newsletter "Sound Advice" on the commodity boom, as quoted by Peter...
S&P 500 Earnings and the Energy Sector
Last night, I disagreed with Larry about the meaning of earnings and the relative importance of energy and commodities. Instead of...
Oil Price History
Good chart in the WSJ online Monday of the past 35 years of Crude: > Crude Factsclick for larger chart Graphic courtesy of WSJ...
Dow Jones/Gold Relative Ratio, Annual Data from 1896
This chart from technician John Roque shows periods of Dow/Gold ratio. The first two bold blue lines highlight the 14-year periods when...
Then & Now
Over the past 3½ years markets crawled higher, we have watched the gradual but steady build up of bullish expectations. You can see it...