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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Not that this isn't a little late to ask, but WHERE THE HELL ARE THE ADULTS, RUNNING THIS COUNTRY?!
I suppose it's idiotic, after all the crap that's gone on in the last decade, to be surprised by any of this.
Count me as 'headed towards 1' on Eric J...
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The market has entered a setup that is likely to be messy for both bulls and bears for the next few weeks, but as long as the 6 month and 13 week cycle status indications are heavily negative, the balance of power remains to the downside. Short term up phases would be running against...
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The market has entered a setup that is likely to be messy for both bulls and bears for the next few weeks, but as long as the 6 month and 13 week cycle status indications are heavily negative, the balance of power remains to the downside. Short term up...
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None of the key components of US GDP have recovered. Housing starts, for example, are running at a million less than they were before the crisis began. Employment is back to the levels it was at 10 years ago – with 7 million fewer jobs than in 200...
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Sorry, running really late today. Generally green for Asian-Pacific market although gains are variable. Kiwis -0.3%, Aussies +0.5%, China +0.2%, Honkers +1.6% and Nikkers +0.4%.
All Ords seeing a sudden surge as we edge towards the close. Leading s...
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based on a breakfast I had this AM (two eggs, home fries, toast and coffee) that cost $4.31 plus tip and the corresponding identical breakfast I would get in grad school in 1980 for $1 (which also included a small OJ), inflation is running in excess of...
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So much for "Buy a House...Then Buy Another".....
The single biggest problem in the U.S. real estate market is simple: There are very few homebuyers.
That seems obvious, but the “buyers’ strike” has caused house prices to drop, along with an ...
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Off and running for the early openers: Kiwis +0.9%, Aussies +1.2%, Nikkers +0.7% and Sth Korea +0.6%.
Aussie sectors green across the board led by Materials +1.7% and Miners +1.6%. Energy +0.3% has the least gain.
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Something to think about...and worth a read
The way we at The Automatic Earth see it play out is that the entire house of cards will fall within 2-5 years, and, within that timeframe, sooner rather than later. While there can be...
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Ben is running the basement printing press 24-7. New York Fed purchases $3.890 billion in Treasury coupons- That makes it over $11 billion in "good buys" this week. And you wonder why the market is rallying. That's almost double the $6 billion a week ...
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"Is it safe?"
That question still brings shivers up my spine as I recall the 1976 movie, Marathon Man, starring Dustin Hoffman, Roy Scheider, and Laurence Olivier. If you haven't seen the film, here's the scene in question on YouTube.
Terrifying.
That question, no doubt, is running through the mind of many an investor at the...
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The long overdue fraud charges against Goldman Sachs is the lead story, but first another report about how throughly corrupt
and lazy US regulators such as the SEC have been over the last decade. The SEC inspector general now says examiners concluded four
times from 1997 to 2004, that Texas Ponzi financier Allen Stanford was running...
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A dab of paint to pretty it up at the bell,but not alot happening.
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As expected an crisis is now quickly developing this time from Greece. The CDS costs are expanding.
Once again, global and commodity markets are selling off in a complacent, lethargic manner. Apparently, the belief is running strong that each and every debt problem child will be backstopped. Also ignored in the mix was the Fed’s...
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The Fed has a little problem. It has used up 70% of its monthly allowance for propping the Treasury market with a huge Treasury settlement yet to come. 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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Ben Bernanke – for it was he, of course – has found himself in an even more privileged position to learn such lessons. As chairman of the Fed, his record already deserves more plaudits than those prematurely heaped upon his predecessor. How lucky for us that a Great Depression buff was running the Fed...
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The Fed made a massive addition to its balance sheet this week. Most of it was comprised of a huge settlement of previously committed purchases of MBS paper. I have hypothesized in past reports that these MBS buys would not help the market because they simply attempt to fill black holes known as Fanny...
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