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  • China Puts The Brakes On!

    In This Issue..

    * Risk Aversion sets in, on China's moves...
    * Now, we know what's going on with the TIC's!
    * Germany to step in to save Greece?
    * Honkers losing value VS the dollar...


    Good day... And a Wonderful Wednesday to you! As I understand it, we are in for some Monsoon like rain today and the next couple of days... Living in a little river town, and having a creek at the back of my property, lends itself to cause me to worry when I hear things like Monsoon like rains expected... But... It's mother nature, I can't do a thing to stop it, so, I carry on... But worrying while I carry on!

    The rain is falling on the currencies too... The dollar has rebounded very quickly the past few days, and there are no roadblocks right now. The risk takers in the markets are running for safety again, sent running by China's decision to curb lending and attempt to slow growth before their economy overheats......
  • A Loss Of Confidence In the U.S.?

    In This Issue..

    * Non-dollar currencies rally...
    * Euros and Aussie dollars lead the pack...
    * $1.42 Trillion Deficit for 2009!
    * TIC's data gets ignored again!

    Good day... And a Marvelous Monday to you! Another 'lost' weekend for our college and professional football teams! UGH! The sun finally came out this weekend. YAHOO! It felt so good to be in the sun again... The TICs data was something that needed to be dealt with on Friday, but once again the markets ignored it... I'm telling you, this smells like, walks like, and talks like a gag order... OK... Let's get going this Marvelous Monday!

    The non-dollar currencies all drifted on Friday, with the dollar seeing a bit of buying... But that's all been thrown to the curb this morning, as the non-dollar currencies, for the most part, are in rally mode VS the dollar.

    ...
  • Carry trades unwind...

    In This Issue..

    * Carry trades unwind...
    * Euro zone GDP falls...
    * Will TIC flows be enough??
    * Aussie dollar predicted to outperform...

    Good day...Chuck handed me the Pfennig this morning, as I took an early flight home yesterday and he got back to St. Louis much later than I did. The Las Vegas Money Show went well, as Chuck packed the presentation rooms with investors looking to learn more about investing in Gold and currencies. Attendance seemed like it was down a bit, but we stayed busy at the booth with investors looking for diversification. We also got to see a number of 'old friends' who stopped by the booth to say hi. All in all it was a good three days, but as always, it is good to get home and back into the routine.

    The currency markets fell back into their established routine also, as fear drove investors out of riskier assets and back into the US$. We saw a general reversal of the carry trade, with the Japanese yen the only major currency which appreciated vs. the US$. As Chuck pointed out last week, investors feeling more confident about the global economy, dusted off their carry trades which had made them good money over the past few years. But traders are still a bit skittish, and move back out of these leveraged trades at the first sign of trouble in the global economy....
  • I Love It When A Plan Comes Together!

    * The dollar trades weaker... * N.Z. Retail Sales collapse! * U.S. Tics recover... * A note from David Galland!...