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  • Whispering Campaign Begins To Get Traction.

    In This Issue.

    * Stocks fall is this Déjà vu?

    * Euro rallies, dragging the Scandis with it.

    * Australia prints a strong Retail Sales report!

    * Gold reaches for the stars once again.

    ...
  • Confident investors move dollar lower...

    In This Issue..

    * Confident investors move dollar lower...
    * US consumers start spending again (is this really what we need?)...
    * Aussie dollar and kiwi move higher...
    * Gold and Silver move higher on the weaker dollar...

    Good day, and welcome to the last Monday of March. The countdown to Cardinal opening day has begun, which means Chuck will be heading back home shortly. Investors headed back into the currency markets Friday feeling more confident in the global recovery after US GDP for the 4th quarter of 2009 held at 5.6%. The combination of good US growth, a possible solution to the Greek debt crisis, and the passage of Obama's healthcare overhaul had investors almost giddy as they put money back to work in the markets....
  • A Big Jobs Surprise!

    In This Issue..

    * Low yielding currencies get sold...
    * High yielding currencies remain solid...
    * Further info on the inflation indexed bonds...
    * Stealth QE...

    Good day... And a Marvelous Monday to you! A very nice, but hot weekend here... But hey! It's August, it's supposed to be hot! Friday was an awful day for most of the currencies, and there was a HUGE surprise in the Jobs Jamboree (according to the BLS, of course!)... And, at the end of updates, I've got a story for you about stealth QE, you'll not want to miss a minute of that! So... Let's go!

    Well, Friday's Jobs Jamboree was quite interesting to say the least... I had already told you about the forecasts for a HUGE drop in job losses for July from 467,000 to 325,000... But the number, according to the BLS, was 247,000!!!!!!! Way to Go Corporate America! Geez Louise, I wish it were that full of seashells and balloons! This smells of yesterday's fish folks... OK, let me get this straight... The forecast was for 325,000 job losses, and an unemployment rate of 9.6% (up from 9.5% in June)... And the jobs lost were 247,000, a difference of 78,000, and the unemployment rate fell to 9.4%... So, the BLS is telling me, and you, that 78,000 jobs not being lost, was equal to .2% (9.6 to 9.4)? Come on! I didn't just fall off the turnip truck!...
  • Iceland Melts Down...

    * RBA cuts rates 100 BPS! * Iceland to peg the krona... * High Yielders get whacked! * Gold rallies in the face of a strong dollar! ** Iceland Melts Down... Good day... And a Terrific Tuesday to you! Well... Folks... The wheels, what was left of them, are really coming off this economy. It's a sad sight to see, but it's happening nonetheless, and there's no bailout, stimulus check, mortgage bill, truck loads of money supply, or whatever, that's going to stop this recession bus.. Memo to Paulson and Bernanke... Don't throw yourself under this recession bus... Well... The dollar continued to push the envelope against a handful of currencies yesterday. Up front and center, the high yielders got beaten about the head and shoulders by the dollar. Aussie, kiwi, real, rand, all took major hits from the dollar. It was one of the worst days I can remember seeing for these currencies. This huge sell off showed two things going against the high yielders... 1. Commodities (other than Gold) are getting whacked, and 2. The Carry Trade is Dead......
  • Another Bad Week for the Dollar...

    * Another bad week for the dollar... * A monoline bailout plan in the works? * Kiwi near a 22-year high! * Precious metals are telling us something......