ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The shorts in Cisco (CSCO) had it right after all…even if they were a bit early. Short interest in CSCO surged in late August close to 52-week highs. When I noticed this in mid-September, I made a somewhat complicated case for using this as a contrarian signal to go long the stock. CSCO trickled upward … Read more
China leads charge against U.S. injection of hot money – The Globe and Mail Facing a speculative wave of foreign investment, China and other emerging market economies are clamping down on the so-called hot money rippling through their economies in the wake of the United States’ latest move to stimulate growth and employment. (tags: Federal_Reserve … Read more
A surprise increase in margin requirements after the close of business November 10th apparently contributed to the climactic end to silver’s parabolic move on Tuesday. This also explains why gold’s fade was not nearly as bad a silver’s. Details are available in the following references in order of publication: CNBC (Tues): “CME Taps the Brakes … Read more
I was about a month premature and about 19% in missed gains when I flagged the potential start of a parabolic move in silver. Or perhaps my definition of a parabolic move should have been more expansive. Either way, silver’s behavior over the past four trading days definitely has taken on the tipsy look of … Read more
German Finance Minister attacks Fed move again : report | Reuters German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve's move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine. (tags: monetary_policy Germany Federal_Reserve quantiative_easing)