Financial Sense

Is the Gold Price Manipulated?
Clif Droke's picture

One of the most commonly held beliefs among gold investors is that the market for gold is heavily manipulated. It has become an article of faith among gold advocates that the price is subject to direct control by government...

Thoughts About Chinese Stocks, Reserves, and SDR Inclusion
Marc Chandler's picture

The sharp decline in Chinese stocks and the policy response is important for global investors but not on the grounds commonly cited. It is unlikely to have a major impact on the Chinese economy. It is unlikely to be...

Quantum Geopolitics
Reva Bhalla's picture

Forecasting the shape the world will take in several years or decades is an audacious undertaking. There are no images to observe or precise data points to anchor us. We can only create a picture, and a fuzzy one at best.

Europe: Running on Borrowed Time
John Mauldin's picture

Prodi and the other leaders who forged the euro knew what they were doing. They knew a crisis would develop, as Milton Friedman and many others had predicted. It is not conceivable that these very astute men didn’t realize...

Russia-China Gas Relationship on the Rocks
Oil Price's picture

The Russian media is reporting an indefinite delay in the final signing of the contract for Russia’s state-run Gazprom to supply China with gas through a new Siberian pipeline because of a decline in Chinese...

Rude Awakening for Those Who Ignored the Energy Markets' Warning Signs
Sober Look's picture

Back in February numerous equity investors refused to believe that a crude oil recovery is likely to be unsustainable. Many viewed this as a buying opportunity - just as they did in 2011 when such "bottom fishing" strategy worked.

Conditions in the US Are Improving, Not Deteriorating
Matthew Kerkhoff's picture

At least that’s what the latest update from The Conference Board says. Released last week, the figures for June suggest that not only is the US economy improving, but it will continue to do so. The Conference Board...

Is the Tide Turning?
Puru Saxena's picture

According to our methodology, the primary uptrend on Wall Street is still intact; however, we are starting to observe some troubling signs which suggest that we may be in the final innings of this bull market.

Gold Update: Sentiment, Seasonality, and Price Patterns Look Favorable
Urban Carmel's picture

There's a tradable set up in gold. Sentiment, seasonality and the price pattern (especially the 2% intraday reversal on Friday) are all favorable. Importantly, there is a clear stop if price fails to rally. An even better set up...

Yield Curve Flashing Yellow
Patrick O'Hare's picture

You might have heard that the Federal Reserve is thinking about raising the fed funds rate before the end of the year. The Treasury market certainly has and you can see as much at the front of the yield curve. What's happening at the back end of the yield curve, though, is raising a number of questions...