Bob Hoye

Bob Hoye is the chief financial strategist of Institutional Advisers.

Bob Hoye Articles

Seven of the nine gold miners with market capitalizations over 10 billion Cad$ have generated TD Sequential 9 Sell Setups during this year's rally. The most common reaction is a correction back to the 20-month exponential moving average....
For some years we have described Brussels as "Moscow on the Maastricht, without the privilege of state murder". Clearly, the above FT comment is not written by an impartial journalist, but by a polemicist for authoritarian government. Had...
At one time, the term "cross currents" referred to the tidal transition from an expansion to a contraction. It was unsettling to the establishment. In economic jargon of the day, policymakers were "not rocking the boat" in attempting "to...
Diminishing liquidity in what used to be the very liquid Treasury market continues concerning. Of course this is due to interventionists being able to drive nominal interest rates to exceptional lows. Real rates, as adjusted by CPI...
Well, the polite way of saying it is that the markets have had a "nasty shock." Shocked included lower-grade bonds and bank stocks, particularly European banks. The latter may have had too much faith in Draghi's oft-repeated vows to do "...
The year 2015 was remarkable. For the first time, a year with the ending in five number did not accomplish a gain. On the nearer-term, the Turn of the Year trade was the weakest in decades. It's been widely reported that many hedge-fund...
Over the centuries the markets have provided some outstanding observations. One of the great bubbles blew out in 1873 and in classic fashion crashed in the fall. At the worst of the crash, The Economist wrote: "While the panic may be over...
The Commitment of Traders readings for both gold and silver are at levels that have made prices vulnerable over the last four years. Commercials in silver have the largest net short position since an important top in 2008.
We have considered that the course of US credit spreads has been the conduit whereby problems in the market city on the Yangtze would wash up on the shores of the Hudson and Thames Rivers. In 1998, the path we were using led to the LTCM...
The top headline for the last quote was "400 Billion Reasons Why Ebbing Currency Reserves Threatens Bonds", which really caught our eye. Not because of the threat to bond prices, but because the significant decline in prices represents an...

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In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.