A weekly review of stock market, bond market, gold, silver, oil and geo-political events that matter to the markets.
Image by Getty Images via @daylife Thermal coal prices at the port have fallen by 1.3% according to the global COAL NEWC Index, to US$95.05/st in the week ended July 23. This is one of the largest weekly drops we have seen. US coal and steel stocks have stayed levitated
Recent US market rally, in part, is based on growth projections from China’s stimulus. Our analysis of the data from China indicates that stimulus induced Chinese growth may be faltering. If our analysis is correct, US market may also falter. If US market starts faltering, consider short selling Chinese market.