Currently viewing the tag: "Dry Heat"

Spring Fever [Dry Heat] 3/24/14

On March 24, 2014 - 9:05 AM By

DRY HEAT ______________________________________________________ 3/22/13 General Comments: I was wondering what the economic effects will be when the Midwest and East coast finally thaw out? A number of friends from Chicago and other cold climes have been in Phoenix this season and if their behavior is any indication, there will be a lot of happy people [...]

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Monday, Monday [Dry Heat]

On March 17, 2014 - 8:52 AM By

DRY HEAT Timothy Hughes ______________________________________________________ 3/16/14 General Comment On Friday I wasn’t able to write my market letter and this weekend a verse of the Mamas & Papas song, Monday Monday, kept running through my head. “Monday, Monday, can’t trust that day….”. An article in the Financial Times told of Russian companies pulling billions [...]

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Globalization in danger [Dry Heat]

On March 3, 2014 - 9:22 AM By

3/2/14 General Comment Ukraine has mobilized for war today (Sunday) after Russian seizure of Crimea and the approval by the Russian parliament for Putin to use force in Ukraine. Could this be the beginning of the end of globalization? After all, China has formed economic alliances with Russia and if an economic war were to [...]

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Central Bank Spat

On February 10, 2014 - 9:00 AM By

DRY HEAT Timothy Hughes ______________________________________________________ 2/7/14 General Comment Do you remember in 2012 when the Bundesbank asked to visit the U.S. Federal Reserve vault in New York to see their 1,536 tons of gold? The Federal Reserve told them no, so Germany said they wanted 300 tons of their gold back. The Fed said [...]

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Death Valley Days

On January 27, 2014 - 9:00 AM By

DRY HEAT Timothy Hughes ______________________________________________________ 1/24/14 General Comment I read an article yesterday on that puts a subject I was going to cover into perspective so well, that I decided to just reprint it here; The biggest drought in California’s recorded history. U.S. Cattle Herd Is At A 61 Year Low And Organic [...]

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Dry Heat 1/17/14

On January 17, 2014 - 11:32 AM By

Dry Heat – Classic Bull Timothy Hughes ______________________________________________________ 1/17/14 General Comment Ok, I apologize for not having written a letter for a couple of weeks. It is hard to rehash daily activity in the market when you are trying to look farther into the future and anticipate big moves. Sometimes you just get into [...]

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Janet’s Dilemma

On December 9, 2013 - 9:12 AM By

DRY HEAT Timothy Hughes ______________________________________________________ 12/06/13 General Comments An article in the Financial Times last week stated that commodity investors were fleeing at a record pace to pursue the surging stock market. $36 billion had been redeemed from passive commodity investments up to November of this year. Gold exchange traded funds seemed to have suffered [...]

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A Stable Monetary System

On November 12, 2013 - 11:35 AM By

DRY HEAT Timothy Hughes ______________________________________________________ 11/9/13 General Comments I have written before about what appears to be an ongoing “currency war” and disinflation. Last week another round of central bank interest rate adjustment began when the ECB lowered its benchmark rate by a quarter point to a record .25%. Mario Draghi said the cut [...]

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Foot, meet can.

On October 21, 2013 - 9:27 AM By

Foot, meet can. The boys on The Hill have come through as expected (with a little pork thrown in) and I am reminded of a quote from the Irish comic Spike Milligan; “We haven’t got a plan, so nothing can go wrong”. On to the market comments. Cattle: After a strong cash trade on Thursday, [...]

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