Professional Edition

Whither Thou Goldest

Gold looks poised for a big move. Here’s what’s likely to hold it back for the time being. Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next…

Party Over – To Print Or Not To Print, That Is the Question Now

Thanks to the government shutdown (GSD) the Treasury had a few extra shekels lying around this month, and it used those to pay down T-bills. That cash flowed back into the accounts of dealers and investors who held the bills. Enough of them used that cash to buy stocks to foment a meltup. Now that the…

Miners All Sold Out As Trailing Stops Were Hit

All of our mining picks were sold or stopped out for a tidy profit overall as trailing stops got hit. Meanwhile the metal is at an inflection point. Here’s what to expect. Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and…

The Fed Sings A Sweet Tune – Here’s Why It Will Lead To Market Bitterness

Prior to the onset of QE in 2009, a normal reserve position meant tight reserves. There were virtually no excess reserves on the Fed’s balance sheet. That means that the drains will continue until the balance sheet reaches a tight reserve position. Except that that can’t happen because the markets and the economy would have…