As impressive as shale gas and oil production has been in North America, Evan Smith expects 2014 to break records as producers move to a pure manufacturing process and drill multiple horizontal wells from a single pad. Smith tells us why a few of the companies in his fund had a stellar 2013, and why they could go even higher in 2014.
Nevada Senator Dean Heller asked Yellen what she thought of gold prices and what made them tick, “Well, I don’t think anybody has a very good model of what makes gold prices go up or down,” she replied (meanwhile, we’re screaming at the screen ‘You, you are the model!’).
Student loans are a scandal. They're also adding to America's personal debt burden. At the same time, extending education long into the start of middle-age income capacity only worsens the dependency ratio of earning workers to idlers.
The CFTC reported that net short positions by speculators reached a record high of 129,616 contracts as of July 2. On July 11, Bloomberg calculated that gold-backed ETP holdings fell to 1,986.47 tons, the lowest level in three years.
Technical market analyst Roger Wiegand tracks annual trading cycles while keeping an expert eye on potentially disruptive world events. He is a stickler for fundamentals, though, when it comes to picking out the best juniors for safe bets in a cash-poor industry.
It seems to be slowly dawning on traders that the Fed has no plan, and worse, no exit. The surprise is that the investing crowd has been in denial of the facts, which we can only put down to the human desire to be blind to negative outcomes.