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US Posts Monthly Budget Surplus!

May 11, 2012 By Leave a Comment

Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free!

That little mini-rally, which a handful of currencies saw yesterday, faded overnight, and those currencies are all back to the levels of Wednesday. UGH! The handful, in case you were wondering, included the Australian dollar (AUD), euro (EUR), Brazilian real (BRL), Norwegian krone (NOK), Swedish krona (SEK), Singapore dollar (SGD) and a couple of others.

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US Posts Monthly Budget Surplus!

May 11, 2012 By Leave a Comment

Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free!

That little mini-rally, which a handful of currencies saw yesterday, faded overnight, and those currencies are all back to the levels of Wednesday. UGH! The handful, in case you were wondering, included the Australian dollar (AUD), euro (EUR), Brazilian real (BRL), Norwegian krone (NOK), Swedish krona (SEK), Singapore dollar (SGD) and a couple of others.

[Read more...]
Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

China Stops Buying Eurozone Debt

May 10, 2012 By Leave a Comment

Good day. Here’s your second reminder — this coming Sunday is Mother’s Day. Don’t you dare forget! The Cardinals will be in town this weekend, making the Sunday game a Mother’s Day game. When I was a young man and played baseball, we always began our season on Mother’s Day. These days, the baseball season for youngsters has been going on for over a month!

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

China Stops Buying Eurozone Debt

May 10, 2012 By Leave a Comment

Good day. Here’s your second reminder — this coming Sunday is Mother’s Day. Don’t you dare forget! The Cardinals will be in town this weekend, making the Sunday game a Mother’s Day game. When I was a young man and played baseball, we always began our season on Mother’s Day. These days, the baseball season for youngsters has been going on for over a month!

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Jobs Data Push Speculators Out of the Market

May 7, 2012 By Leave a Comment

Good day, and welcome to another week. Chuck finally made it back home last night, after speaking at two different conferences last week down in Florida. We had a pretty wicked night of thunderstorms last night, so I’m sure Chuck’s flight wasn’t exactly smooth. Sure hope he got over that stomach thing that he had on Friday.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , ,

Jobs Data Push Speculators Out of the Market

May 7, 2012 By Leave a Comment

Good day, and welcome to another week. Chuck finally made it back home last night, after speaking at two different conferences last week down in Florida. We had a pretty wicked night of thunderstorms last night, so I’m sure Chuck’s flight wasn’t exactly smooth. Sure hope he got over that stomach thing that he had on Friday.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , ,

Fed Gives Parameters for Additional Stimulus

April 4, 2012 By Leave a Comment

Good day. Boy, did I ever “hit the wall” yesterday! I got home and collapsed in my recliner, and immediately fell asleep. It had been a whirlwind three weeks, and then I “hit the wall.” It looks as if the risk assets have “hit the wall” too yesterday afternoon, which has carried through to the overnight markets.

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Data Show the US Recovery Isn’t Strong

March 29, 2012 By Leave a Comment

Good day. The dollar maintained its stronger tone yesterday, in spite of durable goods data, which came in slightly lower than predicted. Durable goods orders for February increased 2.2% versus last month’s revised 3.6% drop, and the ex-transportation number was up 1.6% versus a revised drop of 3% last month. Neither of these numbers met economist’s expectations, but the revision of last month’s numbers apparently offset this month’s failure to live up to expectations. MBA mortgage applications were down 2.7%, better than last month’s drop of 7.4%.

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Housing Data Show an Uncertain Recovery Here in the US

March 26, 2012 By Leave a Comment

Good day. What a weekend here in St. Louis. I spent a majority of it outside, and we even ate dinner last night out on our deck, something that is not normal during the month of March. I enjoyed the scent of my wife’s lilac bushes as I was sitting outside last night, reading up on the currency markets. The research pointed to poor housing data Friday morning as the reason for the drop in the US dollar on Friday.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , ,
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