Select Page

Higher interest rates, lower bond prices–it's a new world

It’s a bond rout. On December 8, prices for U.S. Treasuries plunged and yields on the benchmark 10-year U.S. Treasury hit a six-month high of 3.33%. That’s a full percentage point higher than the October low. And it’s a shocking 0.76 percentage points above the yield...

With inflation on a run, the Chinese are buying gold too

China has treated data on the country’s level of gold imports as a state secret—until last week. And the newly public data shows that China is on a path that would have the country overtake India as the world’s largest consumer of gold. Think this might be bullish for...

Core consumer price inflation is still on track for 0%

Inflation at the consumer level was nowhere to be seen in October. The CPI, Consumer Price Index, edged upward by 0.2% for October. In September the CPI climbed 0.1%. Economists had been projecting a 0.3% increase for October. Core inflation, that’s inflation...

China gets the worries big time over inflation fixes

The news is that China’s government is drafting policies to fight inflation. Chinese Premier Wen Jiabao said so on November 15 from a supermarket in Guangzhou. The comments were broadcast on state TV so they count as solid news. The rumor is that China’s central bank...

Buy Silver Wheaton (SLW)

Silver is cheap. Well, it is when compared to gold anyway. On Friday morning gold hit $1397.70 an ounce, an all time high. (If you don’t correct for inflation.) Silver, on the other hand, moved up to $26.90 an ounce. That’s just a 30-year high. See, cheaper. You...