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  • MACRO-MARKETS: Gold Trading Boot Camp

    Introduction I probably get as many questions about gold as I do any subject. The fascination with the yellow metal permeates all levels of investors, and opinions can be quite strong. But few are more informed than those of good friend and trader extraordinaire, Greg Weldon. Greg has written a new book...
  • Goldilocks or Micawber?

    Introduction This week I write from Grand Lake Stream in Maine. It has been a long time since I have taken a week off from writing, but I think this is the week to do it. But that means, gentle reader, that you get an upgrade in quality, as my friends (thanks, Louis!) at GaveKal have graciously permitted...
  • What the Fed Really Said

    Introduction Thursday saw a powerful response by the markets in stocks, bonds, commodities, and currencies to the communiqué from the Fed after its recent two-day meetings. Clearly, some were interpreting the communiqué to mean that the Fed had finally come to an end of its interest-rate-hiking ways...
  • To Pause, or Not To Pause

    Introduction Be careful what you wish for. You just might get it. This week we look at a more transparent Fed, Japanese monetary policy, the powerhouse rise of gold, and a rather important op-ed piece in the Wall Street Journal , with a theme of seeing how they all impact the dollar. There is more than...
  • The Trade Deficit End-Game

    Introduction This week we finish with our series on the US trade deficit. When will we see a real problem? What are the likely results from a balancing of global trade? Where are the investment opportunities, and where are the pitfalls? It should make for an interesting conclusion and hopefully an interesting...
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