Significant headwinds ahead for US economy
I feel we are facing significant headwinds moving forward because of the loose monetary policy of the Federal Reserve, the refusal to address the core problems in our financial system and the...
View ArticleIt’s time for a new and improved uptick rule
Since the SEC eliminated the uptick rule on July 6th, 2007 there has been a marked increase in volatility. Of course other factors significantly contributed, but the fact remains that with the uptick...
View ArticleIs the rally topping out or just starting?
We've seen a significant gain since the bottom in March of 2009, up about 80% since those 666 lows. Now the market is facing significant resistance, even after the massive $600 billion QE2 plan to...
View ArticleAn exercise in reckless monetary policy
The Swiss National Bank intervened in the foreign exchange markets today, effectively devaluing the Franc by over 8% in a single day. Through a combination of an aggressive monetary policy statement...
View ArticleSilver’s scary sell-off
Silver and silver-related assets were smashed across the board on Friday as the World Bank and IMF met in Washington, DC to discuss the worsening global crisis. Other commodities saw sharp declines as...
View ArticleWhy fixed income investing is on life support
The current financial paradigm is crumbling beneath us. This is not a temporary disruption, it is a meltdown. All of the mechanisms that drive paper markets are being eroded, and more and more market...
View ArticleFedflationary fabrications
These press conferences with Federal Reserve Chairman Dr. Bernanke are becoming more amusing as of late: “We, the Federal Reserve, have spent 30 years building up credibility for low and stable...
View ArticleBernanke’s Bubble in Stocks and Bonds
Summary Six years after the height of the financial crisis, we may be living in one of the most prolific financial bubbles in recent history. Under Dr. Bernanke’s guidance the US Federal Reserve...
View ArticleHas gold finally bottomed?
Let me start by saying I think it’s hard for anyone to call a bottom. Many experts do, and often they do so with the guidance of charts, fundamental analysis and other informed speculation. I am no...
View ArticleUS dollar index rally stalling, long term trend still down
With all of the fervor over the US dollar index rallying close to 100, a reality check is in order. According to financial media reports the Euro is collapsing, gold is a barbarous relic that’s lust...
View ArticleMarkets mixed ahead of Fed
A little up, a little down. No real certainty to go around. Things are going to be quiet until the big decision day. Economists and market mavens can’t decide whether the Fed will engage in more QE,...
View ArticleUS dollar strength knocking commodities down
An unusually strong jobs report, which saw seniors take the lion’s share of the new jobs, caused an enormous continuation of the recent US dollar rally. The move knocked commodities down, causing the...
View ArticleGold may be closing in on a bear market bottom
As we approach extremes in bearish sentiment, the number of gold ounces promised per contract (on the Comex at least), relative strength and the dollar rallies on the promise of a tightening cycle — I...
View ArticleChina halts, dollar faults, buyers bolt
Storms are brewing. The wind will carry them from the east to the west. Be careful out there. Thursday will be another difficult day in stocks and risky credit markets. The dollar is no longer being...
View ArticleGold’s 2015 performance in various currencies (chart)
The Brazilian Real was walloped and the dollar was clearly a standout winner. Gold’s relative underperformance shows against US dollars that the US dollar is still seen as a safe haven currency. Until...
View ArticleUS dollar index rally stalling, long term trend still down
With all of the fervor over the US dollar index rallying close to 100, a reality check is in order. According to financial media reports the Euro is collapsing, gold is a barbarous relic that’s lust...
View ArticleMarkets mixed ahead of Fed
A little up, a little down. No real certainty to go around. Things are going to be quiet until the big decision day. Economists and market mavens can’t decide whether the Fed will engage in more QE,...
View ArticleUS dollar strength knocking commodities down
An unusually strong jobs report, which saw seniors take the lion’s share of the new jobs, caused an enormous continuation of the recent US dollar rally. The move knocked commodities down, causing the...
View ArticleGold may be closing in on a bear market bottom
As we approach extremes in bearish sentiment, the number of gold ounces promised per contract (on the Comex at least), relative strength and the dollar rallies on the promise of a tightening cycle — I...
View ArticleChina halts, dollar faults, buyers bolt
Storms are brewing. The wind will carry them from the east to the west. Be careful out there. Thursday will be another difficult day in stocks and risky credit markets. The dollar is no longer being...
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