Gold had a big day Friday in the wake of the news that we might be going to war with Russia over Ukraine. The Gold ETF (GLD) was +1.91% on 3x average volume. Combine potential geopolitical conflict – and don’t…
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NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
It is an extraordinary measure for a central bank, particularly the purchase of financial assets to encourage the decline in risk premiums. To be explicit on that point and to extensively influence market interest rates and risk premiums, the Bank…
Fascinating front page article in today’s Wall Street Journal on central banks around the world intervening to try and prop up the dollar and prevent their currencies from appreciating so much against it: “World Tries To Buck Up Dollar”, The…
We relied too much on the U.S. market. …… China’s ability to consume has now reached a fairly high level. It’s at a turning point. – Tom Tseng, General Manager of bicycle manufacturer Tandem Industries, whose U.S. sales have fallen…
Erin Burnett interviewed investment legend Julian Robertson on Street Signs yesterday. The second part of the video isn’t working so here is the first part. I’ve e-mailed CNBC because I’m dying to see part two as well. In this video,…
China bought less than a sixth of the Treasuries issued in the 12 months through March. Less than two years ago, by contrast, Chinese purchases of Treasuries, which included purchases in the secondary market as well as newly issued securities,…
With the Fed slashing the funds rate to 1% today, it’s worth remembering what happened the last time they did this: We got the most massive housing bubble in the history of mankind. Well, today, in the midst of this…