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The following chart shows the natural log of the quarterly average of the 10-year treasury yield. When using natural logs, constant exponential growth (or decay) is seen as a straight line.Click to enlarge.I have added a parabolic trend channel in red that uses the data points shown in red. I have also added a parabolic trend in blue that uses all of the data points. Note that the correlation of the blue trend line...

Click to enlarge.The black line shows the annual average of the industrial mining production index (left scale). Note that it recently set a new record.The blue line shows the annual average gold price adjusted by the consumer price index (right scale, December 2013 dollars). It grew exponentially starting in 2000 and very nearly set a new record. It has recently backed off though.Let's zoom in a bit.Click to enlarge.Satellite...

December 9, 2013Farmers Hoard Corn as Prices DropIf yields are "anywhere close to normal, we will really be buried in corn," he says.Adjusted for relatively modest overall consumer price inflation as reported by the government, exported corn is currently trading at early 1990s levels (as seen in the following chart).Click to enlarge.For what it is worth, I think corn prices could easily go either way from here. I have...

November 29, 2013Black Friday live: Dummy holds shopper's place, cops say man shot over TVPolice Lt. David Gordon says the victim was carrying the TV at an apartment complex near the University of Nevada, Las Vegas when someone fired warning shots, prompting him to drop the appliance. Gordon says the robber snatched the TV and took it to a vehicle, and the victim tried to wrestle it back. That's when the robber fired...

Here's what we now know about monetary tapering policy:1. The paper must be tapered. T'Paper!2. The last attempt was a one hit wonder.Give a little bit of heart and soulGive a little bit of love to growGive a little bit of heart and soulAnd don't you make me beg for moreGive a sign, I need to knowA little bit of heart and soulWalking on the water, walking on the airThat was the heart of the love we sharedDo you keep...

Click to enlarge.This linear trend failure is making a most spectacular recovery! What a rare treat in this brave new era of trend failures!Nixon ShockTo prevent a run on the dollar, stabilize the US economy, and decrease US unemployment and inflation rates, on August 15, 1971, Nixon issued Executive Order 11615, pursuant to the Economic Stabilization Act of 1970, which imposed a 90-day maximum wage and price ceiling,...

Click to enlarge.Kinda scary.Click to enlarge.Kinda scarier.Your opinions may vary of course. This is not investment advice.Source Data:St. Louis Fed: Custom Cha...

In theory, how far could gold drop in price relative to the basic necessity of food?In the following chart, I'm adjusting the price of gold for inflation but instead of using the CPI I'm using the producer price index for crude foodstuffs and feedstuffs (which has doubled since 2000).Click to enlarge.It appears to me that gold could drop quite a bit more (relative to crude foodstuffs and feedstuffs). The exponential...