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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Maybe it is just a coincidence but isn’t it interesting how Treasury rates have suddenly upticked ahead of the Sept. 16 grilling of Tim Geithner over Chinese currency manipulation . I...
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The Fed and Treasury are inundating the market with cash this week. The total of Treasury paydowns and Fed purchases is $71 billion so far this week, with 2 more direct Fed purchases of Treasury paper yet to come. As a result of this deluge, Treasury yields and short rates are down, the dollar...
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Funders that have access to any sort of government guarantee banks with FDIC-insured deposits, large entities with commercial paper now backed by the Federal Reserve, and others who are using imaginative methods (or lobbying skills) to come under the governments umbrella have money costs that are...
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Massive levels of panic buying could not keep short term Treasury rates from rising this week, suggesting that even with unprecedented levels of demand, supply was still outstripping it. That was also true of the long end until today, when another massive wave of fear swept the markets, driving the 10 year Treasury yield...
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Following on other points in the Roubini matrix as discussed last Friday, in point 4 Roubini suggests that interest on mortgages and consumer loans are pushing higher. In fact, the resets on many adjustable rate mortgages are going lower. 40% of all mortgages are based on Treasury rates, and cost of funds indexes. The...
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