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  • A Risk On Day...

    In This Issue..

    * Euro rallies on ECB lending amount...
    * Gold and Silver back on rally tracks...
    * Waiting on the Riksbank...
    * U.N. wants a global currency...

    Good day... And a Wonderful Wednesday to you! Well... We get a two day break in the World Cup, with only 8 teams left. Too bad, the U.S. team isn't one of the 'great 8'! But that's what happens when you play the games, eh?

    The games people play now... Every night and every day now... Never meaning what they say now... Never saying what they mean...

    Yes, Joe South had it completely correct back in the 60's... I was watching a video of an interview with the famous, Jim Rogers, last night. And Jim was talking about the reason why Fed Chairman Big Ben Bernanke fought the 'audit the Fed' bill... And Jim said that Big Ben fought it because, he and the Fed Heads (my description), have spent trillions of dollars on complete junk paper, and he didn't want us (the taxpayers) to know what he had done. Ahhh... The games people play now......
  • Time To Remove Stimulus?

    In This Issue..

    * Chinese stocks rise 5%!
    * Risk Assets follow!
    * OECD forecasts faster global growth...
    * Gold & Silver kicking sand again!

    Good day... And a Tub Thumpin' Thursday to you! Let's hope it remains a Tub Thumpin' Thursday later today, as I head downtown to watch my beloved Cardinals play a day game! For those of you who are baseball fans, you know what I mean when I carry on about how baseball should only be played during the day!

    OK... Before I get to the currencies, economies and the dolts in the world, I wanted to briefly talk about the SEC, who made an announcement yesterday that they had done an investigation of the Madoff audits, and did not find any fraud... Just mistakes... Really? Mistakes? That's what they call them? Even Bernie Madoff himself says that he was "astonished" that the SEC failed to shut him down after interviewing him in 2006!

    ...
  • Dollar Shows Additional Strength...

    In This Issue..

    * Euro at one-month low... * Trichet talks rate cuts... * Riksbank & Bank of Canada this week... * The Mogambo on a Monday!

    Good day... And a Marvelous Monday to you! Today is a special day, in that it is the Big Boss Frank Trotter's birthday! Happy Birthday Boss! Actually Frank is more of a very good, long time friend, mentor, and then boss. We've worked together for a very long time... I tell people at shows that Frank and I do together, that we've been working together for so long... The Dead Sea wasn't even sick when we began working together! HAHAHAHAHAHA!

    OK... A bad day a the office for the euro and other currencies on Friday, and then last night in the overnight markets... European Central Bank (ECB) President, Trichet, once again deep-sixed the euro with talk of further rate cuts. He did attempt to water down the message by saying that "any rate cuts would be measured 25 BPS cuts" Memo to Trichet... It doesn't matter what the size of the debasing is, as long as you are going to debase your currency, the markets will make you pay for it!...