Author: Kevin Klombies

In a recent issue we commented in passing that Coca Cola (KO) was effectively ‘stuck’ around the 66 level. Ironically the stock crossed into the 67’s the following day. So much for being stuck.We wanted to...

We are going to take a bit of an intermarket ‘wander’ today as we put aside the here and now and focus on a rather macro perspective. The inspiration for this came from the rather weak action for copper prices in...

We tend to argue with the markets far more often than is good for our health and over time we have discovered that we should never (NEVER) argue with the bond market. To the extent that PIMCO’s Bill Gross is called the...

We are going to slow the pace somewhat today. We often jump from topic to topic quite quickly simply because after years and years of writing this letter we often make the mistaken assumption that relationships that seem obvious...

Every few years we bring up the argument for contrary investing. The last time we did so was at the end of 2008. We asked a number of brokers what the one trade was that their clients simply would not agree to and were told that...

The markets responded yesterday but pushing copper futures prices higher. Not, perhaps, far enough to break the recent down trend but just enough to make things somewhat interesting.The argument is, in a sense, that cyclical is...

It is probably unfair to pin all of the hopes of continued equity markets strength on copper prices but… to the extent that copper has led the charge so far… it isn’t too much of a stretch to suggest that...

At the end of last week the Japanese yen, Swiss franc, and gold declined in price. We were encouraged. Somewhat. April 1 (Bloomberg) — Gold declined the most in two weeks on speculation that the Federal Reserve will...

We can’t think of a better day to introduce our new topic. If we are going to prove ourselves foolish once again why not do so on April Fools Day. So… without further do… let’s begin.The idea came to us...

We are going to start off with a short-term perspective of a chart comparison and then shift to a long-term view on the following page.The chart below pits the yield spread between 30-year and 5-year U.S. Treasury yields against...