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  • Another New Record Level For Gold!

    In This Issue..

    * Risk players come back out to play...
    * Waiting on the Fed's statement...
    * Yield differentials come into focus...
    * Lisbon Treaty gets signed / ratified...

    Good day... And a Wonderful Wednesday to you! Well... Did you see the strong performance that Gold put in yesterday? And it didn't stop yesterday, overnight Gold is up another $7 on top of the +$20 gain it had yesterday... I've got some info on that, we can talk about later...

    Oh Shoot Rudy! Let's talk about it right here, right now! It's not every day that Gold not only goes past its previous all-time record high, but obliterates the previous figure! I know you're wanting to take a peek at the price of Gold in the currency round-up portion of the Big Finish, so go ahead, and then come on back... How'd that $1,090 and change price look to you? Pretty sweet, eh? That is as long as you are a Gold holder!...

  • The Rot On The Vine Goes Deeper...

    In This Issue..

    * The 31st bank is closed in 2009
    * China is showing signs of improvement...
    * The so-called 'decoupling' taking place?
    * Jobs Jamboree ends the week...

    Good day... And a Marvelous Monday to you! I'm Back! Once again, the traveling troubadour returns to the saddle... I'm here for two weeks, then gone again for the Las Vegas Money Show, then I get a nice reprieve in June before heading to Vancouver in July. There's a day game at Busch this Thursday, and I've already been invited to go, so I'm already getting in the frame of mind for that!

    OK... Chris did a great job bringing you the Pfennig each day last week... I was still writing each day, giving daily updates to the FXU people. Chris will be traveling with me to "lost wages" , I mean, Las Vegas, so I'll be writing from the road, which long time readers know I just absolutely love!... NOT!...

  • A change in the Trading Theme?

    * A change in the Trading Theme? * Gold rebounds Big time! * ECB cuts 50 BPS, as expected... * Lots of lessons today... ** Jobs Jamboree Friday! Good day... And a Happy Friday to one and all! It supposed to be 70 degrees here today, so in my book that makes it a Fantastico Friday! It's also a Jobs Jamboree Friday, and while this report is probably not going to be anything good, it will be Fantastico BAD! The experts have forecast a job loss in February to be 650K!!!!!! Six Hundred and Fifty Thousand did I say? Yes, sir, may I have another, sir? Well, shiver me timbers, this is just downright awful! And if it prints this bad, it will be the most jobs lost in a month since 1949! This is horrific, just plain horrific folks... And in my opinion, will NOT signal the bottom of the barrel for labor just yet... This thing has momentum and I don't think you'd want to step in front of this run-away bus!...

  • Bank Losses Mount... Globally...

    * The dollar continues to rally... * Loan ratios figure big now... * Bank nationalization returns to Germany... * Gold pushes the envelope further... ** Bank Losses Mount... Globally... Good day... And while I hope it's a Wonderful Wednesday to you, I have sad and shocking news for us at EverBank. Yesterday, we were shocked to learn that a colleague and friend, John Kimsey has passed unexpectedly. Thoughts and prayers are with the family. John had joined the World Markets desk in November of last year, after a career in our Mortgage Division, and made an immediate impact with his personality, and his love of his family. His laugh, and smile were contagious, and will be missed. I have no experience in dealing with the loss of a colleague, so I'll just leave it there, and move on. This will be short this morning, as I'm just not really in the mood to be in a normal writing mood....

  • Waiting on the FOMC meeting...

    * FOMC to cut further... * Bernanke turns his back on inflation... * Kiwi and Australia rally... * Gold continues to shine... ** Waiting on the FOMC meeting... Good day...and welcome to another week, hopefully the currency markets can continue their assault on the dollar which began a few weeks ago. The dollar index peaked back on November 21, and with the exception of a few days around the beginning of December, the greenback has consistently fallen vs. most of the major currencies. Friday was no exception, and the dollar continued to give back gains over the weekend with the Euro climbing back over $1.35 for the first time in two months....

  • A HUGE Currency Rally!

    * Another currency rally.... * SNB cuts another 50 BPS! * Budget Deficit continues to widen! * Treasury yields go south for the winter! ** A HUGE Currency Rally! Good day... And a Tub Thumpin' Thursday to you! It's been quite the rally this week in the currencies led by the euro, which is like old times, eh? The Big Dog on the porch finally gets to stretch its legs and chase the dollar down the street! It's been a long time since we've seen this go on for more than a day. Yes, we've seen one day spikes, and even two day rallies turn into false dawns, but this one has lasted about a week now. Ever since last Friday's awful Jobs Jamboree, the tide has turned, and the Trading Theme that has held the currencies in a full nelson since the end of July, could very well be on the way out the door. I said that about the Trading Theme earlier this week, so I just wanted to repeat that to emphasize the point!...
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