Gold lease rate 12 mo.is almost at its high of the year just over +0.4% And short term rates are normalizing.Gold Bullish…
The European death spiral explained…ow.ly/83XhA
“European govt’s nationalize bks and use ECB repos to buy their bonds via the nationalized bks” ow.ly/83WYa
Fitch Places Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on Rating Watch Negative. MKTs sell off. But this is expected so….
….Volatility will continue with ever new story bullish or bearish but don’t expect the downgrade news to be of lasting importance.
Gold Oversold and “Buying Opportunity” as “Protection Against Currency Debasement”:bit.ly/rGfgwF
Mutual fund withdrawals on pace to be the second- highest year in two decades
Precious Metals Outlook: The Effect of Negative Gold Lease Rates: As Negative Gold Lease Rates Collapse, The Gol… bit.ly/tBNppR
The correlation of S&P 500 companies to gains or losses in the index increased to a record 0.86 last month
Dow swings between intraday highs and lows averaged 126.49 points this year (SPX) through July. Since Aug. 1 they averaged 261.22 points.
VIX increased to a record 191.59 on Oct. 31, above the 92.56 median over the past decade and surpassing the prior… fb.me/ZFGZOQwi
Fed’s Bernanke to brief Senate Republicans on impact of European debt crisis: bit.ly/rLwOZ8
US$ approaching highs of Oct 4th and year. Not good for Mkts. Of course wait a few min. and a new rumor could change the direction
Spike in commodity markets being attributed to rumor of Fed hinting at QE 3 today. Careful just a rumor wait 10 min and rumor could change
New That Moves Markets: Europe’s Gold Leasing Program & the “Flim-Flam” Euro Treaty: Understanding Recent Gold W…bit.ly/td5BDQ