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  • A Return Of The Carry Trade?

    In This Issue.

    * Currencies & metals rally.

    * Gold gains $18!

    * Japan to launch new stimulus.

    * Chilton not ready on silver manipulation findings.

    ...
  • The sleeping lion awakens

    In This Issue...

    *Enter volatility...
    *It's all about the euro debt... 
    *Gold and silver knockdown... 
    *China and Japan chat...

    ...
  • Global Growth In Question

    In This Issue.

    * Japan raises severity level to 7!

    * A$ is proxy for Global Growth.

    * Morgan Stanley raises outlook for reals.

    * Silver backs off of $41.

    ...
  • China Throws Down Speed Bump!

    In This Issue.

    * Currencies rally VS dollar.

    * Gold & Silver get sold!

    * Moody's issues the U.S. a warning.

    * Japan & the U.S..

    ...
  • Filling In The Gaps...

    In This Issue..

    * Currencies sell off lofty levels...

    * Swiss francs trade above parity again!

    * Gold & Silver remain strong...

    * Saber Rattling between the U.S., China, and Japan...

    ...
  • FOMC Meeting Begins Today...

    * Mini-currency rally is cut short * Is it Japan or U.S.? * Gold stages a rally... * Swiss francs remain well bid... ** FOMC Meeting Begins Today... Good day... And a Terrific Tuesday to you! Well... We saw some profit taking in the currencies yesterday, which meant a mini-rally in non-dollar currencies for the first time in what seems to be a month of Sundays! At one point in the day, the euro had added more than 1-cent to its figure dragging sterling, Swiss, Canada and a host of others along. But, that didn't last in the overnight markets, and we're right smack dab back on square one where we left off yesterday. This morning we'll listen in on former Fed Chairman Volcker's speech, which ought to be a good one, don't you think? I mean, this is the guy that said a couple of years ago that the U.S. could see a currency crisis... And didn't it? OK, it's not now, but turn your clocks back to June, and you'll see what I'm talking about here. Volcker is a "hero" of mine in how he took on the inflation of the late 70's early 80's and didn't dance around the dance floor with it... He whipped it into shape, and then left it all in good shape for Big Al Greenspan... We all know what happened after that!...
  • 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......