ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
While most of the Western industrial world struggles with deflationary fears, Australia continues to worry about inflation. In tonight’s latest release on monetary policy, Reserve Bank of Australia (RBA) Governor Glenn Stevens states: “If economic conditions evolve as the Board currently expects, it is likely that higher interest rates will be required, at some point, … Read more
Bill Fleckenstein, President of Fleckenstein Capital and one of my favorite money managers, was on CNBC’s Fast Money Wednesday night giving his typical, colorful commentary on gold. I am posting an approximate transcript to his brief interview because it included what I think should be a classic moment in gold commentary. Toward the end of … Read more
The dollar put on another weak showing on Thursday as it struggles to maintain critical support at the 200-day moving average. If it were not for the Bank of Japan’s intervention to weaken the yen the previous day, it seems the dollar would be well on its way down through a technical breakdown. *Chart created … Read more
While we await another challenge of the June highs by the S&P 500, copper has quickly recovered almost all its losses from the sell-off that began in May. Copper is potentially heading for fresh post-crash highs. Source: stockcharts.com Of course, copper is now much more important to the emerging and developing markets than to developed … Read more
If an asset bubble is characterized by accelerating euphoria as asset prices rise ever higher, gold is still not in a bubble. The skepticism directed towards gold continues to rise along with its price despite gold marking all-time highs the past two months. I decided to do a refresh of last year’s sentiment analysis on … Read more