Courtesy of Phil of Phil’s Stock World (via Ilene) (Guest Post) Thank goodness the US is closed on Labor Day! Europe was down a whopping 3.5% in the morning, opening in free fall after Asia opened down about 2% on the...
Read MoreBy David Banister(via Chris Vermeulen) (Guest Post) A few weeks ago I penned a public article and private forecast for my subscribers calling for a major correction in Gold being due. 72 hours after my forecast, Gold had...
Read MoreBy Ross Norman (via Commodities Now) (Guest Post) China holds a tiny proportion of its official foreign exchange reserves in gold (just 1.6%) and has indicated a desire (see wikileaks as well as comments from PboC and China Gold...
Read MoreCourtesy of Phil of Phil’s Stock World (via Ilene) (Guest Post)) US financials went downhill on oveblown fears of the FHFA law suit . I say overblown because the first bank sued, ING, already settled for .20 on the...
Read MoreBy Bruce Krasting (Guest Post) Whenever something of significance happens in the financial world I struggle to answer the question, “Why now?” There can be clues to markets if that question is answered accurately. If nothing...
Read MoreBy Tim Iacono (Guest Post) As the nation laments the dim prospects for its labor market on this Labor Day, we see another example of how the fundamental problem behind the bleak jobs picture fails to be understood, this story...
Read MoreBy Chris Vermeulen (Guest Post) I hope everyone had a fantastic Labor Day weekend. I truly enjoyed myself and was able to have some creativity with my 18 month daughter. I got some new office chairs last week and I finally had...
Read MoreBy Bruce Krasting (Guest Post) I have repeatedly said in these pages that for currency intervention to be successful it has to be done in conjunction with other big central banks. The Go it Alone policy has not worked over the...
Read MoreBy Central Bank News (Guest Post) The Swiss National Bank (SNB) announced it “will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20”. The Swiss central bank further noted that it...
Read MoreBy Mike “Mish” Shedlock (Guest Post) Josef Ackermann, CEO of Deutsche Bank admitted the obvious with statements recognizing that many organizations will fail at mark-to-market pricing. To show you the Fantasyland...
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