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Happy Groundhog Day! And don’t try telling me otherwise – at least as far as the markets are concerned. Everyday the S&P 500 creeps higher – as does gold, silver, and what the hell, even the Euro! Is Punxsutawney Phil nearby? Let’s start with the S&P, which has bounced several times off the 1040 mark, […]
The old joke is that Japan’s Central Bank is so incompetent, it was unable to devalue its own currency during its Lost Decade (or Two), despite its best efforts. But that’s not stopping Japan’s finance ministry from giving its favorite pastime another go. The yen has hit a 15-year high against the dollar – which […]
Robert Prechter: Gold isn’t the safe haven many think The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the excerpt from Robert Prechter’s May 20 interview with […]
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