Pending Iran Military Action And The Historical Effect Of Wars On The U.S. Dollar [View article]
"The US credit rating was downgraded because of political instability, not because of the Fed's conduct of monetary policy."
It was downgraded because politics failed to figure out what was going to be done with 14T in debt. Saying the monetary policy had nothing to do with the downgrade in a US credit rating is impossible as the credit rating is how reliable the US is in paying back debt.
Chinese Q1 GDP grows 8.1% Y/Y vs. expectations for 8.5% and 8.9% growth in 2011 Q4. Industrial production +11.9% Y/Y vs. estimates of 11.4%. Retail sales +15.2% vs. 15.1%. [View news story]
How is 8.1% slowing down from anything, no matter what it was last year. 8.1% shouldn't even be sustainable.
The Fed should take even more steps towards transparency, argues Philadelphia Fed President Plosser, saying a better-informed public would improve the effectiveness of policy. He calls for adopting a "reaction function," at which point it would be understood the Fed would take action. [View news story]
Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the past minutes to $1,670/oz. GLD +0.7%. Silver is on the move too, leaping $0.55 to $32.05/oz. SLV +2%. [View news story]
Yes, yes I do. If we keep recovering like we are and uncle Ben doesn't buy any more assets.
What Fundamentals Are Driving Gold ETFs? [View article]
"If the Fed pulls the plug on easy money after Operation Twist ends in June of 2012, stock markets could head south as worries over the recovery quickly resurface."
I don't believe this would necessarily be a positive for Gold, at least not as much as it used to be with regards to it being a safety net against a downturn in equities.
If the Fed does not assume any more accommodative policies after twist, I see it putting downward pressure on Gold prices. If you look to this years announcements on either further accommodative policies or hawkish policies Gold is clearly reacting to these statements more than anything else.
Sure it makes sense to be long commodities when uncle Ben wants to buy some assets, as this has proven to be a good bet, but if he does not want to take this any further I believe it is a negative sign for Gold.
Investors stampeded out of the bullish camp in the week ended April 11, the AAII Sentiment Survey showing the percentage of bulls dropping 10 points to 28.1%. The bear camp soared 13.8 points to 41.6%, garnering not just the exiting bulls, but a few neutrals as well. [View news story]
"In effect there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009," said Fed Vice-Chair Yellen last night, suggesting even with all of its extraordinary measures, the central bank hasn't done enough. She believes ZIRP could stay in place well beyond the current target of late 2014. [View news story]
Not enough? Significant short fall? She must be talking about real wages.
Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the past minutes to $1,670/oz. GLD +0.7%. Silver is on the move too, leaping $0.55 to $32.05/oz. SLV +2%. [View news story]
Its ok Gold, Just close below your 200 day for a few more days to get the 50 day to slide under!
If you do believe the market is going to drive slowly upward like a Prius, as I do, its good to treat some of these dips as buying opportunities. Its not like any of the new that has come out in the last few months has been anything different than expected. EU is in trouble, things are weak at home, we know this. We are not going to see blow out numbers but as long as they are pointing up, we are recovering.
Stocks plumb new lows for the day, with even Apple (off 0.8%) giving up early gains to turn red. DJIA -1.4%, S&P 500 -1.5%, Nasdaq -1.5%. [View news story]
Yup, thought Id make a move at noon.....and as always, Mr. market corrected me real quick.
Those looking (ever harder, it seems) for justification for more easing won't find it in the speech Bernanke is delivering in Georgia, which doesn't mention monetary policy or much about the economy. [View news story]
What!? Nothing new out of one of the Fed. speeches? Shocker!
Pending Iran Military Action And The Historical Effect Of Wars On The U.S. Dollar [View article]
It was downgraded because politics failed to figure out what was going to be done with 14T in debt. Saying the monetary policy had nothing to do with the downgrade in a US credit rating is impossible as the credit rating is how reliable the US is in paying back debt.
Mar. Retail Sales: +0.8% vs. +0.3% expected, +1.1% prior. Ex-auto +0.8% vs. +0.6% expected, +0.9% prior. [View news story]
Pending Iran Military Action And The Historical Effect Of Wars On The U.S. Dollar [View article]
Mar. Consumer Price Index: +0.3% in-line with expectations, +0.3% prior. Core CPI +0.2% vs.in-line with expectations, +0.1% prior. [View news story]
U.S. stock futures tilt lower after China reports slower economic growth than forecast. S&P -0.4%, Dow -0.4%. [View news story]
Chinese Q1 GDP grows 8.1% Y/Y vs. expectations for 8.5% and 8.9% growth in 2011 Q4. Industrial production +11.9% Y/Y vs. estimates of 11.4%. Retail sales +15.2% vs. 15.1%. [View news story]
The Fed should take even more steps towards transparency, argues Philadelphia Fed President Plosser, saying a better-informed public would improve the effectiveness of policy. He calls for adopting a "reaction function," at which point it would be understood the Fed would take action. [View news story]
Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the past minutes to $1,670/oz. GLD +0.7%. Silver is on the move too, leaping $0.55 to $32.05/oz. SLV +2%. [View news story]
What Fundamentals Are Driving Gold ETFs? [View article]
I don't believe this would necessarily be a positive for Gold, at least not as much as it used to be with regards to it being a safety net against a downturn in equities.
If the Fed does not assume any more accommodative policies after twist, I see it putting downward pressure on Gold prices. If you look to this years announcements on either further accommodative policies or hawkish policies Gold is clearly reacting to these statements more than anything else.
Sure it makes sense to be long commodities when uncle Ben wants to buy some assets, as this has proven to be a good bet, but if he does not want to take this any further I believe it is a negative sign for Gold.
Investors stampeded out of the bullish camp in the week ended April 11, the AAII Sentiment Survey showing the percentage of bulls dropping 10 points to 28.1%. The bear camp soared 13.8 points to 41.6%, garnering not just the exiting bulls, but a few neutrals as well. [View news story]
"In effect there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009," said Fed Vice-Chair Yellen last night, suggesting even with all of its extraordinary measures, the central bank hasn't done enough. She believes ZIRP could stay in place well beyond the current target of late 2014. [View news story]
Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the past minutes to $1,670/oz. GLD +0.7%. Silver is on the move too, leaping $0.55 to $32.05/oz. SLV +2%. [View news story]
The Prius Economy [View article]
Stocks plumb new lows for the day, with even Apple (off 0.8%) giving up early gains to turn red. DJIA -1.4%, S&P 500 -1.5%, Nasdaq -1.5%. [View news story]
Those looking (ever harder, it seems) for justification for more easing won't find it in the speech Bernanke is delivering in Georgia, which doesn't mention monetary policy or much about the economy. [View news story]