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Gold Has Lost Its Glitter Again!
After experiencing a remarkable bull market run from $250 an ounce in 2001 to $1,900 an ounce last summer, gold has not had an easy time of it since. Three times it plunged as much as 19%, and rallied...
View ArticleIs New York Times columnist Timothy Egan the only one who noticed THIS?
New York Times columnist Timothy Egan writes today: The Mitt Romney of the second debate, to use Mike Huckabee’s memorable phrase, “looks like the guy who fires you.” He exposed, once again, his...
View ArticleWeekly Eurozone Watch: Sovereign Spread Flop
Key Data Points German 10-year Bund 15 bps higher; France 1o-year 9 bps tighter to the Bund; Italy 36 bps tighter; Spain 40 bps tighter; Belgium 11 bps tighter; Portugal 62 bps tighter; Ireland 17 bps...
View ArticleTagg, you’re it! One of those risk-takers your dad is always talking about!
This is really old news, but happily, it’s being replayed now,and in more detail, now that Tagg is trying to play tag. Or is it Pin the Tail On the Donkey? No, wait, it’s Hide and Seek! Read more...
View ArticleDaily ETF Roundup: Markets Crushed On Black Monday Anniversary
Another slew of sour earnings reports rocked Wall Street today, forcing stocks to log their worst single day drop in almost four months. Among today’s disappointments were bellwethers Microsoft...
View ArticleOpen thread October 19, 2012
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View ArticleAnn Romney’s blind trust had a seeing-eye dog. … Was blind but now can see….
Solamere Capital—named after an exclusive neighborhood in Utah where the family had a vacation home—was incorporated in February of 2008, only weeks after the campaign ended. Its first office address...
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Hong Kong Buys $603 Million In First Peg Intervention Since 2009
Oct. 20 (Bloomberg) -- The Hong Kong Monetary Authority added funds to the banking system for the first time since December 2009 to prevent the city’s currency from strengthening beyond HK$7.75 to the...
View ArticleBoao Review: Renminbi Faces Obstacles as an International Currency
I have an article in the October 2012 issue of Boao Review, the new journal published by the Boao Forum, on what the future may hold for China’s currency, the Renminbi. I am told the article will be...
View ArticleBoao Review: The Realities of Renminbi Internationalization
I have an article in the October 2012 issue of Boao Review, the new journal published by the Boao Forum, on what the future may hold for China’s currency, the Renminbi. I am told the article will be...
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Germany Is Barreling Headlong Into A Painful Inflation Trap
It was a blatant act of fear mongering just before the EU Summit: if Greece were allowed to default and exit the Eurozone, it could trigger the exits of Portugal, Spain, and Italy, which, in a...
View ArticleWeek in Europe – EUR Road to Nowhere
This week the spotlight was on the Euro area leaders summit. Alas and not a surprise, no major announcement took place. The extension of a new or modified rescue plan for Spain and Greece respectively...
View ArticleFX Positioning and Technical Outlook: Dollar Still Carving out a Bototm
Our big picture view is that the US dollar is carving out an important bottom, after selling off in Q3 as policy makers moved to reduce the extreme tail risks. The position adjustment that that...
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GOLDMAN: Treasuries Now Have The Worst Risk/Return Profile In Decades
Below is an excellent chart from Goldman Asset Management. It shows the risk/return profile of holding the 10y treasury during different periods of time. "Principal" is the mark-to-market impact of...
View ArticleNasdaq 100 Nearing Head and Shoulders Target
By Andrew Nyquist Last week, I provided an update on the Nasdaq 100 technical patterning offering up two likely support targets. The first target was for a ABC measured move, and the second for the...
View ArticleChartology: Intel (INTC) May Be Nearing “Tradable” Value
By Andrew Nyquist Without a doubt, technology stocks have been leading the market lower of late. And within the technology arena, semiconductors have been particularly weak. Take Intel Corp (INTC) for...
View ArticleWeek in Americas: Will Carney disappoint Loonie Bulls
This week the loonie has been one of the most actively traded currencies amongst the majors. It certainly makes a change from trading one of the most docile pairs of late. USD/CAD has drifted higher,...
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ECRI Indicators Simply Aren't Supporting The Company's Repeated Recession...
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) declined in the numbers released today. It is now at 126.7, down from last week's 127.6 (revised from 127.7). See the WLI...
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HOISINGTON: The Fed Has Failed And Will Continue To Fail To Grow The Economy
The Hoisington Quarterly Review and Outlook is one of the cornerstones of my reading on where the economy is headed. Van Hoisington and Lacy Hunt do a masterful job of turning data points into cogent,...
View ArticleFX Positioning and Technical Outlook: Dollar Still Carving out a Bottom
Our big picture view is that the US dollar is carving out an important bottom, after selling off in Q3 as policy makers moved to reduce the extreme tail risks. The position adjustment that that...
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