We continue to watch the dollar / gold relationship for signs of dollar strength and the coming decline in gold. Probably the easiest way to do that is to watch the ratio between the gold ETF GLD, and the dollar…Continue Reading →
The elephant in the room for both the economy and the market is deficit reduction and whether Congress can pass a balanced approach that incorporates both reduced expenditures and elimination of tax breaks. David Brooks comments are right on: http://www.nytimes.com/2011/07/05/opinion/05brooks.html
The one-two punch last week, end of quarter spruce up, and beginning of quarter pension fund buying, put a short-term bid into the market and continued the rolling trading range that we expect to continue through the remainder of the…Continue Reading →