Gold Stocks Today » CAD

Who’s Still OK With Deficit Spending Now?

Chuck Butler — Thu, 02 Feb 2012 17:01:36 +0000

I had to laugh yesterday when the New York traders came in and didn’t sell the currencies right away… I said to myself, “Self, maybe the ‘big boys’ read the Pfennig and now know that I’ve uncovered their ‘game,’ so they have to lay low for a while!” HA! Whatever the case, the currencies held [...]

Who’s Still OK With Deficit Spending Now? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Currencies Rally on Eurozone Agreement

Chuck Butler — Tue, 31 Jan 2012 17:15:38 +0000

The currency rally that stalled yesterday was back on last night… I have to tell you that I was up most of the night on Sunday and after getting poked and stuck at the doctor’s office yesterday, I went home, straight to my recliner and slept for the next five hours! Then I woke up, [...]

Currencies Rally on Eurozone Agreement originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Commodities Take Off!

Chuck Butler — Fri, 27 Jan 2012 16:57:47 +0000

The Greek talks returned to the headlines this morning. I know I said this last Friday, and I was a little too optimistic and turned out to be wrong! But… I do expect this agreement on a private-sector involvement in Greek debt to get hammered out this weekend… It seems that the opposition from eurozone [...]

Commodities Take Off! originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Currency Rally Fades in Overnight Trading

Chuck Butler — Tue, 24 Jan 2012 17:27:50 +0000

The currency/risk on rally was quite strong yesterday, all day long! However, in the overnight markets, we’ve seen some profit taking, and reassessing of what they were doing, like pushing the euro to above 1.30. I say that because there’s still no agreement with Greece and the private creditors… I keep hearing and reading analysts, [...]

Currency Rally Fades in Overnight Trading originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Home Prices Keep Falling

Chuck Butler — Mon, 23 Jan 2012 16:35:32 +0000

Good day… Should be an interesting week, as the ECOFIN people meet and Greece is still working on their debt and… this will be my first full week of work in over a month, so all in all, pretty interesting! What I also found interesting on Friday was the price action of silver… I don’t [...]

Home Prices Keep Falling originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

China to Show More Manufacturing Weakness?

Chuck Butler — Fri, 20 Jan 2012 16:47:43 +0000

What looked like a workable situation for Greece and private creditors has taken a turn that has the euro (EUR) vulnerable again this morning. It’s not as if the situation is unworkable. It’s just that they are struggling to come to an agreement, and since it’s not as smooth as Jiffy, then the Chicken Littles [...]

China to Show More Manufacturing Weakness? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Ratings Agencies Make it Tough on European Leaders

Chris Gaffney — Tue, 17 Jan 2012 16:07:05 +0000

The European leaders were battling a pretty major storm that the ratings agencies helped create late last week when S&P cut the ratings on 9 euro-region countries. The most dramatic move was the loss of France’s AAA rating, leaving Germany as the sole AAA rated country in the currency union. Austria also lost its AAA [...]

Ratings Agencies Make it Tough on European Leaders originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Existing Home Sales: Up or Down?

Chris Gaffney — Thu, 22 Dec 2011 17:44:32 +0000

The markets will be getting thin today, and will be super light tomorrow as most of the traders take some time off for the holidays. These thin markets can be volatile, as any moves are exaggerated by the lack of volume in the markets. We have lots of data hitting the markets today, which could [...]

Existing Home Sales: Up or Down? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Euro Rallies on Positive IFO Index and a Successful Spanish Debt Auction

Chris Gaffney — Tue, 20 Dec 2011 17:10:22 +0000

The euro (EUR) sure enjoyed a better night rebounding from close to its annual low versus the US dollar. A surprisingly upbeat IFO business climate index combined with a pledge of more funds for the bailout and a positive Spanish auction to send the common currency higher. The IFO Institute’s index, based on a survey [...]

Euro Rallies on Positive IFO Index and a Successful Spanish Debt Auction originally appeared in the Daily Reckoning. The Daily Reckoning is published by Agora Financial and provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

Brazil Quietly Scraps its Tax on Foreign Investment

Chuck Butler — Wed, 07 Dec 2011 16:27:27 +0000

Today is our country’s first day of infamy… Pearl Harbor Day… I hope to visit Pearl Harbor some day, and pay my respects to those American soldiers and sailors who were attacked when we weren’t even at war with the Japanese… A day for us all to stop and think about what happened that day. [...]

Brazil Quietly Scraps its Tax on Foreign Investment originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.