Good Morning and Welcome to the XJO Tuesday Thread.Its a Wacky...

Good Morning and Welcome to the XJO Tuesday Thread.

Its a Wacky World

News for Today (AEST)

Now for some more serious stuff,
from http://www.mauldineconomics.com/ttmygh

The curious disconnect between insider trades and the broader market
Every week, a list is published of insider buys and sells in listed companies, and parsing through this data is ALWAYS instructive.
Insiders are just that: officers of the companies in question, who have to file whenever they buy or sell their own company's stock.
Obviously, this information ought to provide clear confirmation as to the direction of the stock market as a whole and individual sectors within it.
Does it?
Well, with the S&P 500 making new highs seemingly every day, the answer is, not so much.
The following table, shows the ratio of sellers to buyers — the higher the ratio, the more insiders are selling their own shares, and vice-versa.
Technology, consumer services, consumer durables, and transportation have all seen marked increases in insider sales, but the media sector? Well, it seems to be unloved, to say the least.

...and for the Gold Bugs, a couple of interesting charts

As can be seen from the chart [above], Gold has never stayed below that "stairway to hell" for very long.
Given that the debt limit number is going to continue higher, a re-emergence of Gold strength looks inevitable.
A lot of "considered opinion" suggests that by the end of the present electoral term (the end of 2016 when new presidential elections take place), that the US debt limit will be at around $22 trillion USD."

Tom Fitzpatrick - Citigroup

Visual Capitalist takes a fascinating look (above) at the cost of mining gold, including a breakdown of what makes up the all-in cash costs of gold producers.

Good Trading and Investing

cheers