Another day, another elegantly crafted article assuring you that the central planners have it all under control. This time it’s Ian Verrender at Business Day explaining how central banks can now save our economy from another 2008 style crash. (The one they caused.) He concludes it won’t work…
September 24th, 2010 | Nickolai Hubble | 0 comments | ContinuedAll Posts Tagged With: "invest"
Buy Emerging Markets…Once Again With Feeling
This discussion about Emerging Markets is essentially one of analyzing the risks you wish to take and the ones you don’t. If you were a young, heterosexual male, for example, you might be willing to risk missing a new episode of The Simpsons to risk going on a date with Megan Fox.
September 23rd, 2010 | Eric J. Fry | 0 comments | Continued
A New ‘Trade of the Decade’
If you’re going to be invested in a single metal this decade, my advice is to back copper. Specifically – companies that are sitting on long-life, high-quality copper resources. He dropped out of the spot light for a while there, but ‘Doctor Copper’ is making some big moves again.
September 22nd, 2010 | Dr. Alex Cowie | 7 comments | Continued
Which Way for Stocks? Bonds Give a Clue
I’ve spent a lot of time this week sitting around reading odd stuff and mulling over clues. I did find some clues in the bond market that tell us where the stock market may go next. You’ll be surprised at what these clues say. They come from a look back at history.
September 22nd, 2010 | Chris Mayer | 0 comments | Continued
Bernanke Drops the Ball Again
Notwithstanding some important steps forward, however, as we return once again to Jackson Hole I think we would all agree that, for much of the world, the task of economic recovery and repair remains far from complete… Central bankers alone cannot solve the world’s economic problems.
September 21st, 2010 | Rob Parenteau | 0 comments | Continued
Gold – All About the Dollar?
After its longest run of moving in tandem with the trade-weighted Dollar Index since midsummer 1991 (45 trading days; average correlation +0.58), the gold price in dollars resumed its commonly-assumed relationship with the greenback last Friday, moving opposite to the currency’s forex fluctuations.
September 20th, 2010 | Adrian Ash | 0 comments | Continued
Moral Condemnation for Traders
In the recent copy of Golf Digest, sitting on the coffee table in your editor’s hotel room, we happened on a two page ad for the SPDR Gold Exchange Traded Fund. It’s a pretty add, with lots of gold in it. The headline says, “Gold has a reputation for preserving wealth. Then again, we’re only going back 5,000 years.” There must be a lot of rich golfers out there. Gold made a new high when the December futures contract traded at $1,273.20.
September 15th, 2010 | Dan Denning | 10 comments | Continued
Capital Inadequacy
It is important to grasp just how important capital adequacy standards are. They control the money supply… sort of. To be more specific, they control the velocity of money. Please don’t go to sleep. This is actually the biggest fraud ever committed. It goes as follows:…
September 13th, 2010 | Nickolai Hubble | 10 comments | Continued
Let it Be
Watch the bonds… We could be seeing the first crack in the bond market. But it seems too early to us. It seems more likely that the bond market will stretch this out…bringing more and more hapless investors on board before finally sinking. Everything takes longer than you expect.
September 9th, 2010 | Bill Bonner | 0 comments | Continued
The Insiders and the Speculators
How about another big hand for gold ladies and gentleman? What a great performance by the yellow metal. The near-month futures contract for element number 79 on the periodic table traded at an all-time high in New York. Gold’s new benchmark, for now, $1,257.30. Of course that’s the picture in U.S. dollar terms. In Aussie dollar terms, gold is up 9.8%. In the last six months, it’s up 19.58%. Over the last year-taking into account the slump from its all-time highs in May-it’s up just 2.18%.
September 8th, 2010 | Dan Denning | 1 comment | Continued
Speculating in Gold
So gold is now at “fair value” says Bill Bonner, long-time gold bug and my former boss/partner-in-crime at The Daily Reckoning’s London HQ. No, he won’t sell yet…if ever…says Bill. But gold’s huge under- pricing a decade ago has clearly passed by. Value-hungry investors got their “reversion to the mean,”…
September 8th, 2010 | Adrian Ash | 0 comments | Continued
Faith in the Gold-Dow Ratio
Strikes make travel tough today – in both London and Paris. The unions have called for massive snarl-ups to protest governments’ efforts to bring spending under control. The subways aren’t running. Trains are halted. The French leftist newspaper, Liberation, says that “millions are expected to take to the streets.”
September 8th, 2010 | Bill Bonner | 0 comments | Continued
Close to Fair Value, But Still Unbalanced
A crucial time is approaching for the global economy and stock markets. The policy induced ‘recovery’ from the credit crisis is now petering out. While this inevitability was hardly consensus opinion months ago, most market participants are now coming around to the viewpoint that the developed world faces a low growth future.
September 7th, 2010 | Greg Canavan | 0 comments | Continued
Millionaire Factory Misfires
The Aussie market is up 2.77% since the Federal election on August 2nd, if you’re using the ASX/200 as your proxy. This whole “not having a government thing” is working out well for investors. It turns on the uncertainty of having no-one in charge is better than the certainty of having someone in charge. Maybe that will all change this week, though. To begin with, the jobs data from the U.S. gave the market a positive lead. We’re not sure this matters one little bit.
September 6th, 2010 | Dan Denning | 1 comment | Continued
Gold Speculation During the Great Correction
Stocks go down; stocks go up – and gold keeps moving up…fiscal stimulus, monetary stimulus, quantitative easing – and gold keeps moving up…recovery…no recovery – gold keeps moving up…inflation…deflation – and gold keeps moving up…Are you beginning to see a pattern?
September 3rd, 2010 | Bill Bonner | 36 comments | Continued
