Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Monthly Archives: May 2007
Abracadabra Market – WSE Pro
The market hung around the new highs all day, with little change overall. 13 week cycle indications show signs of turning back up after an “invisible” down phase. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
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Crunch Time for Benny – WSE Pro
The Fed added $4.75 billion to the market on Thursday, adding $6 billion in 14 day and $5.75 billion in 5 day repos against $7 billion in expirations. That’s not enough to monetize all of Thursday’s Treasury settlements hitting the market for $9.6 billion in new cash. $27 billion in CMBs settle Friday, along...
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WSE Pro Dollar Index and Bond Yields Update 5/31/07
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s...
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Uncured: Are Lenders Moving Foreclosed Collateral?
RealtyTrac has a site available on Yahoo that tracks both new foreclosures and foreclosure sales activity. I had difficulty exactly determining how they defined foreclosure, but it looks like it picks up pre-foreclosure activity, such as when a notice of default is filed. As such this should give us an general idea about properties...
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Pop Top Market – WSE Pro
They popped the top on Wednesday, at least on a closing basis. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click...
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Putting the Fed to the Test – WSE Pro
The Fed drained $3.75 billion from the market on Wednesday, adding $13 billion in 2 day repos against $16.75 billion in expirations. Thursday is set for minimal expirations of $7 billion in 14 day repos. Thursday’s Treasury settlements will hit the market for $9.6 billion in new cash, and $27 billion in CMBs settle...
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WSE Pro Bellwethers Update 5/30/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
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The Flat House Price Myth
Robert Shiller just came out with his analysis of year over year housing prices for the first quarter, and according to whatever methodology they are using, announced that prices fell a modest 1.4%. Not to be outdone Fitch Ratings did a price-default analysis of subprimes that originated in the first quarter of 2006 and...
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Subtle Changes – WSE Pro
The market continued to crawl back from last Thursday’s drubbing, but there have been some subtle changes in the big picture. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will...
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Treasury Drops A CM Bomb – WSE Pro
The Fed began the holiday shortened week with a big add on the heels of a week where they had been relatively stingy. It added $12.25 billion in overnight repos against no expirations for a net add of $12.25 billion. But the Treasury took the wind out of the market’s sails, announcing a 4...
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Sovereign Funds: Chicken or the Egg?
The Chinese investment fund’s stake in Blackstone Group has focused attention on the attempts of trade surplus countries to “get greater returns” on their reserve holdings. These sovereign wealth funds have been around for awhile, but so far have largely been confined to oil producers. Now as discussed in both a Barrons and a...
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Memorial Day Weekend Checks
Truck tonnage numbers were released for April, and collaborate the serious economic weakness evidenced elsewhere, including rail car loadings (see chart). The trucking numbers are especially poor when consideration is given to how much ethanol is being hauled around to support that maladjusted scam.
ALEXANDRIA, Va. — The American Trucking Associations’ advanced seasonally adjusted For-Hire...
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WSE Pro Holiday Publication Note
The Professional Edition will not be published Friday 5/25, or over the Memorial Day weekend. Regular publication will resume Tuesday 5/29. Have a safe and fun holiday, and remember take a moment to honor the military Veterans who have served, and lost their lives in war.
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It’s A Whole New Ballgame – WSE Pro
With the Treasury no longer pumping cash into the market via the debt paydowns that have been buoying the market since April 17, suddenly the going looks like it’s going to get a lot rougher. The pundits will find all kinds of excuses, but the fact is that there just isn’t going to be...
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End of Treasury Paydown Party Slams Market – WSE Pro
After dumping a wad of cash on the market on Wednesday, the Fed pulled some out on Thursday. It added $7.25 billion in overnight and $11 billion in 14 day repos for a net drain of $6 billion. The Treasury is also settling $4 billion in new cash raised in the T-bill auctions. That’s...
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Ministry of Truth Trapped By Their Own Lies?
“During times of universal deceit, telling the truth becomes a revolutionary act.” - George Orwell
Are the MoT and the other playas being trapped by their own subterfuges and bogus lies? For instance does anybody really believe the new housing sales data put out by the Census Dept? The challenge required to maintain this...
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WSE Pro Bellwethers Update 5/24/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
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Indicators in Limbo – WSE Pro
Once again on Wednesday the market tried and failed to get through some key resistance levels, heartening bears, and making bulls hear footsteps in the woods. It wasn’t enough to change any indicator patterns materially… yet. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free...
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Fed Says “Party On!” – WSE Pro
The Fed dumped a wad of cash on the market on Wednesday, adding a net of $10 billion with that amount in overnight repos against no expirations. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t...
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Pushing the Crack Up Boom Envelope
“During times of universal deceit, telling the truth becomes a revolutionary act.” - George Orwell
Today’s post just ties together more illustrations of what is driving the global crack up boom (buy somethin’ trade) . First the OECD points the finger at Japan and China, and makes a key point about how wildcat finance is...
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The Fate of Western Civ- WSE Pro
Watching the market on Tuesday felt like watching the fate of Western civilization hanging in the balance…. Not. If nothing else, it was dull. But it was important. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
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The New “Dustbowl”; Countrywide and Lendron
Another day, another episode of being bathed in forest fire smoke for the city of Atlanta. We had a really bad day last week as well—and this unfortunately looks set to become a more frequent occurrence, much to the dismay of anyone even remotely sensitive or vulnerable to atmospheric pollutants.
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Renewed Treasury Borrowing Sends Rates Higher – WSE Pro
The Fed drained a net of $2.75 billion from the market on Tuesday by adding $9.25 billion in 2 day repos against $12 billion in expirations. Meanwhile the Treasury raised $11 billion in new cash at today’s 4 week bill auction. T-bill rates shot higher as a result. Click here to download complete report...
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Paint Lipstick on this Pig: Ponzi Finance Blowoff
This morning we are met with yet another very large illustration of the terminal phase of the Ponzi Finance Blowoff, as some type of levered up rearrangement transaction seems to be in the works for the already overpriced assets of MGM-Mirage. Incredibly this is taking placed right at the moment when any observant person...
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