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Rummeljordan

Rummeljordan
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  • 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.
    Apr 13 07:27 AM | 2 Likes Like |Link to Comment
  • 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]
    We could read their diaries.
    Apr 12 12:51 PM | Likes Like |Link to Comment
  • 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.
    Apr 12 12:45 PM | Likes Like |Link to Comment
  • 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.
    Apr 12 12:43 PM | 1 Like Like |Link to Comment
  • 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]
    Yeah.....No.
    Apr 12 10:48 AM | Likes Like |Link to Comment
  • "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.
    Apr 12 10:46 AM | 1 Like Like |Link to Comment
  • 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!
    Apr 12 10:34 AM | 1 Like Like |Link to Comment
  • The Prius Economy [View article]
    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.
    Apr 11 06:45 AM | 2 Likes Like |Link to Comment
  • 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.
    Apr 10 03:09 PM | Likes Like |Link to Comment
  • 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!
    Apr 9 09:50 PM | Likes Like |Link to Comment
  • Community banks increased their lending to small businesses by $1.3B in Q4 vs. Q3 as part of a $30B Treasury scheme to promote such lending, with 235 of the 281 participating banks providing more money in loans.  [View news story]
    Its like the little engine that could...I think I can, I think I can.....lend
    Apr 9 01:18 PM | Likes Like |Link to Comment
  • The gold rush heads to Kansas, where prospectors are punching holes in the ground in search of oil and gas in the 5K foot deep Mississippian Lime formation. Leases fetching $30/acre 3 years ago are fetching $3K/acre in the best spots. We think this is a game-changer says a Shell spokesman. Locals - who have seen oil booms come and go - remain a bit more wary.  [View news story]
    Dorothy, we are in Kansas!
    Apr 9 11:45 AM | 2 Likes Like |Link to Comment
  • Community banks increased their lending to small businesses by $1.3B in Q4 vs. Q3 as part of a $30B Treasury scheme to promote such lending, with 235 of the 281 participating banks providing more money in loans.  [View news story]
    Well now at least some of uncle Ben's money is being put to use.
    Apr 9 11:42 AM | Likes Like |Link to Comment
  • Evercore Partners (EVR -4.8%) slips after being downgraded to Neutral at BofA/Merrill, citing weak Q1 activity and the recent decline its its revenue pipeline. The firm also lowers its rice target  [View news story]
    Well I downgrade BofA for slipping on everything Q1-4.
    Apr 9 11:13 AM | 1 Like Like |Link to Comment
  • Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations.  [View news story]
    Too high? When accounted for inflation it has gone down over the last 25 years...

    Ask someone who makes $7 if they think they are making too much.
    Apr 8 11:06 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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