Massive Institutional Gold Market Change

There is a massive change in the institutional gold market.  The CME Group has announced, “In response to market needs, CME Group will offer a clearing service for the OTC London gold forward market beginning September 20, 2009 for trade date September 21, 2009.”

After an analysis of the governing terms, policies, procedures and . . . → Read More: Massive Institutional Gold Market Change

Second Half Growth: Coming on Strong

Back in mid-July, Intel gave us the first glimpses of a stronger than expected Q3. They made it clear then that Q3 growth would be anything but lackluster. On Friday they underscored that assertion by further raising their Q3 outlook. Now it’s likely that their strong growth will extend into Q4.

Intel . . . → Read More: Second Half Growth: Coming on Strong

Accessing CMIE Data for the Time-Series of Market Shares and Herfindahl Index for a Given Industry

For over 20 years, CMIE has computed `market shares’ of the companies who compete in a certain product. They have also computed the Herfindahl index of concentration. This data is valuable in obtaining a snapshot of what is happening in an industry. But more interesting, this data goes back to 1990-91, and thus constitutes . . . → Read More: Accessing CMIE Data for the Time-Series of Market Shares and Herfindahl Index for a Given Industry

US Economic Growth Rate Now Likely Near 3.7% Annually

We’ve continued to point to the ISM Manufacturing Index as a superb indicator of what is occuring in the overall US economy. In addition to reporting the manufacturing sector conditions, the ISM’s PMI index has an impressive track record in GDP growth correlation. A PMI in excess of 41.2 percent, over a . . . → Read More: US Economic Growth Rate Now Likely Near 3.7% Annually