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
Posts Tagged ‘ Money Supply Data ’
Fumes and False Premises
The gang in Washington and on Liberty Street is either very good or very lucky. The Treasury managed to dump $71 billion in new paper on the market this week, including $62 billion in intermediate and long term paper, without crushing either the Treasury market or stocks. It was truly a bravura performance. But...
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The Final Backstop- None- Professional Edition
The Fed released its H41 balance sheet report, money supply, commercial paper, and primary dealer data on Thursday and the MBAA released its mortgage applications data. The Fed shrunk its balance sheet for the 5th week in a row in spite of big increases in TAF and CPR. Meanwhile, FCBs continued to binge on...
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All Talk and No Action – Professional Edition Fed Report
This was the week the Fed threatened to balloon its balance sheet to whatever extent necessary to reflate the economy. In spite of all the histrionics when we drill down into the balance sheet the Fed seems yet again to be more form than substance. They may want to reflate, but as I examine...
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Retired CMBs Boost Market – Professional Edition Fed Report
The Treasury retired $30 billion in CMBs this week, putting cash back into the market. That cash put a bid under stocks and exacerbated the panic into Treasuries. The Treasury faces $40 billion in CMB expirations next week, and so far, there’s no announcement that they will be replaced. There are other signs that...
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