admin

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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
Read More »

(Reuters) – China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than...
Read More »

Wednesday’s action was a mirror image of Tuesday, except that the underlying technical indicators were stronger than the market averages on both days. The market still has to clear resistance and generate 13 week cycle buy signals to confirm that it is out of danger on the downside.
Read More »

…one of her old foes may inadvertently have thrown her campaign a lifeline. The revelation that JPMorgan Chase (JPM) lost at least $2 billion in an ill-advised “hedge” gone horribly awry has revived anger at Wall Street and allowed Warren to reassume her old role as the scourge of greedy bankers and defender of...
Read More »

Official data from the US Federal Reserve have laid bare the eye-watering size of trading positions built up by JP Morgan’s chief investment office in synthetic credit indices, raising further questions about risk management standards at the bank. According to the figures, JP Morgan’s position in investment-grade credit default swaps jumped eightfold from a...
Read More »

(via AFP) Oil prices slumped on Wednesday, falling to a six-month low under $90 in New York as the dollar rallied on eurozone debt tensions. “Crude prices plunged today as the US dollar soared,” said David Morrison, senior strategist at trading group GFT Markets. “Investors sought out the relative safety of…
Read More »

Glenn Somerville has one of the first of what will surely be many articles handicapping possible Treasury secretaries come January. We know we’re going to get a new one, whatever happens — Geithner won’t stay on for a second term. Top of the list if Obama gets re-elected is Larry Fink, of Blackrock —...
Read More »

Video The Economic Crisis in Greece – Video Library – The New York Times.
Read More »

When you lose the lottery, you can’t blame anyone but yourself for taking a sucker’s bet. That’s not stopping those that took a Facebook flyer from blasting others for their own gamble. With shares off 16% from the initial price of $38, they’re saying it’s Nasdaq’s fault for botching the offering. They say it’s...
Read More »

Read More »

Read More »

Read More »

Read More »

Read More »

A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It’s based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just “selectively disclosed” information to a small group...
Read More »

(Reuters) – Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, euro zone sources said on Wednesday. Officials reached the consensus on Monday afternoon during an hour-long teleconference of the Eurogroup Working Group (EWG). As well as confirmation from three euro zone officials,...
Read More »

Read More »

Read More »

French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that...
Read More »

…Had Facebook openly set out to sabotage its own IPO, it could not have invented a better or more remarkable debacle: a tale of financial chaos fit for history books. Facebook stock has lost 20% of its value in only three days. In that alone, it is not remarkable… …No, what makes Facebook stand...
Read More »

(via AFP) German Finance Minister Wolfgang Schaeuble reiterated Wednesday his opposition to eurobonds, saying such financial instruments would not solve the eurozone’s debt crisis. Eurobonds — the pooling of the debt of eurozone countries — would “provide totally the wrong incentive,” Schaeuble told NDR public…
Read More »

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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
Read More »

Read More »

On Monday, support held and projections were pulled up to levels that were reached, all of which suggested that an intermediate low had been reached. Tuesday’s late fade raises questions, which this report attempts to answer.
Read More »

A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest of getting caught up, I’m presenting a condensed version of the Fed Report tonight. It includes just the main components of the macro liquidity indicator (which I suspect is probably...
Read More »

From the excellent Binyamin Applebaum at the NY Times: One part of the economy that’s growing rapidly is the Federal Reserve. These are boom times for the central bank, which persuaded Congress to expand its responsibilities significantly in the wake of the financial crisis. And with greater responsibility comes a larger budget. If not...
Read More »

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 picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized...
Read More »

The market reached major support on Friday and rebounded strongly yesterday to form what could be an intermediate bottom. Cycle projections rose to levels already reached and the market had entered a bottoming window in terms of time. Some indicators have flashed buy signals. But is that enough to call a bottom?
Read More »

The market update will be posted on Tuesday morning at approximately 8:40 AM ET (US- New York).
Read More »

(via AFP) The finance ministers of France and Germany were to hold crisis talks in Berlin Monday, aiming to resolve differences ahead of a key European summit as debt-stricken Greece flirts with a eurozone exit. Wolfgang Schaeuble hosts Pierre Moscovici to thrash out a common line for Wednesday’s Brussels summit…
Read More »