Funny Money is leaving the Game
The Fed is getting results. If one looks at some of the ETF sectors that were most benefited by QE2, like DBC, DBA, XLE, XLB and compare them to what is happening with the area most hurt by QE2, the…Continue Reading →
Archive for September 2011
Baby Steps Today
Employment numbers were better today and Germany’s Merkle came through with a positive vote. These pieces will fill in holes as the stock market bottoms over the next month. These days the Talking Heads on CNBC seem to be unable…Continue Reading →
Our Posture is Set
We are short gold and long the dollar and out of stocks. Now we wait for Europe and Washington to get their ducks in a row.
Pulling to the Sidelines in Stocks
Today in our trading accounts we are selling out our modest long stock position. Our core positions of the long dollar and short gold will remain.
It is not 2008 and It is not the Bottom………with further comments at 10:30 AM CST
This market reset will take time. The right things are happening with gold losing versus the stock market. Important relationship levels were breached last Friday that indicate that the scenario we have outlined in now triggered. We may have more…Continue Reading →
A Much Needed Cleanout
It would appear that the S&P 500 is headed for the 1070 level by the middle of October. This all started in 2009 when Obama settled for a stimulus light, trying to make peace with the Republicans and blue dog…Continue Reading →
Speculators on the Run………When to Buy Stocks
I am impressed. The Fed’s Twist program is having a quicker effect than I thought possible. To a certain extent the past years QE2 program’s lean towards speculation in stocks and precious metals is being unravelled. That is good. Now a…Continue Reading →
The Twister…………Initial Reaction at 2:00 PM CDT
Focus today is on the FOMC’x Twist program of extending maturities of their holdings. To me this is primarily an attempt at doing something, however inconsequential, to make it appear that they are not powerless at this juncture. There is…Continue Reading →
Gold / Dollar Ratio Makes the Flip
Yesterday the gold / dollar ratio basis the respective ETF’s completed a top rollover that started back on August, 9, 2011. The peak on the ratio was on August 22, 2011 at 8.74 GLD / UUP. Yesterday on the breakout…Continue Reading →
Get it Done, There are no Choices
It is interesting that every other day investors decide that things are going to improve, and then the next day, things are not going to change. The U.S. and Europe do not have a choice, they have to get their…Continue Reading →