Stock were bouncing around – more volatility and I love it. However, everything went sideways – a typical Friday. Gold recovered its recent downdraft of profit taking. In the news today….. Europe’s GDP – rose to PLUS 0.4% this past quarter. This means that Europe is growing right now, but at a very slow pace. [...]
Stocks went up slightly today, as the cheap money that the FED is printing makes it way into the market. However, this market is currently overvalued by historic records, and everything that goes up……. Bonds, the Dollar, Oil and Gasoline all went sideways – very boring. GOLD, on the other hand, hit an all time [...]
Absolutely all markets marked time and moved sideways today. No big ups and no big down. Even markets need R&R sometimes. In the news today…… US Dollar Reserves – worldwide have slipped from 80% of all reserves in the world in 2002 to 64% today. Why the slippage? Two reasons – first the Dollar is [...]
Stocks soared over 200 points up today (based on the G20 meeting). I believe the Congressional Healthcare bill also pushed stocks up, as this will be more stimulus to the economy. This continued the high volatility that I expect will mean that people are getting nervous over the height of stock prices. I’m still waiting [...]
This is a usual Friday, and all markets went sideways before the weekend. In the news today….. 10.2% – that is the new unemployment rate. Okay, I admit it. I was wrong (well not yet wrong) because I predicted the unemployment would be 10% by the end of the year, and it went over 10% [...]
Stocks soared today, breaking through 10,000 on the Dow. The improvement in the Unemployment numbers were the excuse for this rise. Everything else moved sideways today. Bonds are an interesting story, and the government plans to sell new Treasuries next week. They will be selling 3 year, 10 year and 30 year treasuries. They used [...]
Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold……. It hit $1099/ounce today. Something powerful is going on with Gold. Gold appears to be leading the financials – and it is stating that “deflation” is over. There are many nay-sayers on Gold, but a quote from Mark Twain – and this one isn’t even funny, [...]
Gold, Gold, Gold….. NEW HIGH!!!! That’s the story today. Nothing else. Gold blew off the top of the gold chart today. Why?? India bought 200 tons of the IMF’s 403.3 tons that it said it was going to sell. India’s purchase of this gold (a) reduced the overhang of the IMF sale, i.e. reduced the [...]
Basically all the markets moved sideways, except Gold which rose significantly. I am watching the stock market, as I believe it could be on the cusp of a breakdown. The DJ30 was “at” the 50 day moving average last Friday, but bounced up today. Tomorrow could be the day it goes below the 50 DMA. [...]
