Gold, Symbol of a an Old Era
Gold continues to hangon to its bounce from the summer swoon, but as we move towards the end of the year it will see its luster fading. The era of big easy money is behind us and investors will start…Continue Reading →
Gold continues to hangon to its bounce from the summer swoon, but as we move towards the end of the year it will see its luster fading. The era of big easy money is behind us and investors will start…Continue Reading →
Today we honor our veterans. As such market activity should be light. That doesn’t necessarily mean world market volatility will be low but it will have an effect. Probably the best article that I read this morning was an interview…Continue Reading →
In watching the CNBC Republican Debates last night one can only come to one conclusion. George Bush trashed the Republican Party and the trash cleanup crew (tea baggers) are running around throwing nuts to the people. This is a very…Continue Reading →
The trade that is the darling of the big guys, long gold/short euro is being pushed to a breakaway point as the news flow in spite of solid political moves in Europe this week is being pushed as a Euro credit…Continue Reading →
As I mentioned yesterday. Papandreou’s proposal for a referendum should be the template for a worldwide vote by the people. These days it seems everybody is talking about who is a populist and who isn’t and this morning on Morning…Continue Reading →
Gold in both Dollar and Euro terms is completing a maximum 61.8 percent Fibonacci retracement. Fibonacci numbers are used by market technicians to measure how much a market bounces either up or down after a major move. For me this…Continue Reading →
The US employment numbers this morning point to a little better situation and verify that things have improved since February 2010 when the Great Recession seemed to end. Greece is stumbling to a resolution and the revolt by the population is…Continue Reading →
It seems Bernanke agrees with our comments yesterday. What if we are both wrong. Today’s action in gold cause me to ponder the following: 1) What if the Greeks have a referendum and tell everybody to take a hike? 2)…Continue Reading →
As the Fed meets, the markets and the economy appear to be stable. Real estate and employment remain the broken spokes of the wheel but those are jobs for congress. As such I don’t expect much from the Fed today,…Continue Reading →
I picked this number out of you know where. The point is the media seems to gravitate to whoever is the most excited at the extremes 1070 and 1270. You would think, depending on the day, the world was either ending…Continue Reading →