ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
The Federal Reserve announced its plans to drive quantitative easing (QE) part 2 by maintaining the reinvestment of “…principal payments from its securities holdings purchasing…[and purchasing] a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month.” The New York Fed … Read more
Bloomberg summarized the latest missive from Bill Gross in a piece called “Fed Easing to Signify End of Bull Market, Gross Says.” Gross called an end to the 30-year bull market in bonds thanks to the the Federal Reserve’s planned second round of quantitative easing. I decided to read Gross in his own words, and … Read more
Since peaking in June, the dollar has arguably experienced a near freefall. These moves reflect the near certainty felt amongst investors and traders about the Federal Reserve’s intention to print more currency to forestall the threat of deflation. However, with dollar shorts at their highest levels in three years and the dollar index stalling at … Read more
As the world’s currency wars rage on, the Federal Reserve is re-emerging as the “victor.” The dollar index looks ready to erase all its gains for 2010 on the heels of the Fed’s threat to roll out quantitative easing (QE) Part 2. This threat in turn came on the heels of the Bank of Japan’s … Read more