ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Why streaking silver now seems shaky – precious metals – Bill Fleckenstein Yes, silver could double over the next couple of years, but it is quite possible for it to drop 20% in a short stretch along the way and have that be nothing but noise. With silver, even more so than gold, it pays … Read more
CNBC Realty Check Blog — Diana Olick: National Home Prices Double Dip Home prices have double dipped nationwide, now lower than their March 2009 trough, according to a new report from Clear Capital…Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 … Read more
Euro Debt Crisis – Greek 'Soft Restructuring' to Precede 'Hard' One – CNBC A request for an extension to the repayment period on Greece’s bailout loan from the International Monetary Fund and the European Union could be a precursor to the full restructuring of the country’s debt, analysts say. (tags: Greece debt default restructuring govt_spending … Read more
Gold Luring Central-Bank Buyers May Extend Record Rally – Bloomberg Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices. (tags: gold monetary_policy central_banks) Adjusted For Inflation, Dollar … Read more
Buyers Beware: Silver Crashed 11% in 24 Hours – CNBC Shortly after the start of overnight trading at 12:10 a.m. on Monday, silver futures surged to a multi-year high of $49.82 per ounce. Nine hours later, by the start of stock market trading in the U.S., the May Silver contract was down eight percent. Shortly … Read more