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Top posts from the past week: The Case for Shorting Long Dated US Treasuries Why the Yen and Dollar are Rallying GoldMoney: Gold’s New Highs vs. Other Currencies Jim Rogers on CNBC: October 22, 2008 Foods and Softs Outlook A review of my futures trades from the previous week: Covered my Swiss Franc long – […]
Here’s the best explanation I’ve read yet – courtesy of Everbank’s Chris Gaffney – in today’s Daily Pfennig: These investors had to sell some of their higher yielding assets to make up for the losses, and a move toward deleveraging started to emerge. As these first investors sold these assets, their price dropped, forcing still […]
Top posts from the past week: Stratfor: States, Economies, and Markets: Redefining the Rules Marc Faber on CNBC – October 14, 2008 Warren Buffett: I’m Buying US Stocks Now A review of my futures trades from the previous week: Went long the Swiss Franc – As I mentioned last week, I wanted find a match […]
From Reuters:NEW YORK (Reuters) – The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory. “Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these […]
You may have seen this email floating around – check it out, it’s hysterical. DEAR AMERICAN: I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE. I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED […]
Note: This article was also picked up by Seeking Alpha. I personally fear for what may happen to the dollar over the next several years – I don’t see any way these government bailouts will not result in an excessive printing of US dollars. Faced with this reality, I know that many people who share […]
So long, dollar! From CNNMoney.com: In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
Could very well be – I’m not taking any chances. I just closed out my two British pound short positions – I don’t want to stand in the way of a “gap up”. I can’t figure out why this is triggering such a reaction – what exactly was the market expecting regarding Freddie and Fannie? […]
Your guess is as good as mine – but I sure wouldn’t hop in front of this runaway train. And as long as the dollar continues to gain ground, commodities are going to have a rough go at it – especially gold and silver. Chart courtesy of Agora Financial:Anyone care to hazard a guess on […]
From today’s Daily Pfennig: I’ll tell you why I believe this is happening… So many Japanese investors held Aussie and kiwi (the high yielders) VS their base currency (yen)… And when Commodities started their free fall, these Japanese investors began to close out those positions, which meant they sold Aussie and kiwi, and bought yen… […]
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