ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Watching the U.S. dollar try to rally is like watching a wet noodle trying to stand up…in a downpour. The latest relief rally that I expected in the U.S. dollar came and went with a whimper. A week of lackluster meandering upward has ended with three days of selling, punctuated by the Reserve Bank of … Read more
The dollar’s inexorable descent continued Tuesday as the index hit fresh 11-month lows after consolidating for 4 weeks. Accompanying the most recent weakening in the dollar has been a surge in gold and silver. Gold touched $1000/ounce and silver is now up about 44% for the year. Barrick Gold (ABX) has FINALLY eliminated its gold … Read more