Stock and currency investors are probably happy Feb. 29 comes around only once every four years, as the markets were incredibly volatile. Chairman Ben Bernanke addressed Congress yesterday, and sent the stock market into a tailspin by suggesting he has no plans to institute another round of stimulus. Bernanke’s speech sent the dollar higher and gold down almost 5%, a wild leap day for sure!
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Bernanke Shakes up the Markets
Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, BRL, CHF, Chinese central bank, CNY, currencies, currency moves, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, Greek default, ISDA, Markets, precious metals, QE3, quantitative easing, SEK, The Daily Pfennig, unemployment
Eurozone Economic Confidence Rises
I told you yesterday that the Australian dollar (AUD) was weaker because of the uncertainty of the leadership vote that Prime Minister Gillard won over the weekend, but that it would bounce back quickly, and that’s exactly what it did. I had just hit send, and I noticed the A$ ticking higher, and by midmorning, the A$ was back to $1.0750, where it seems to have stalled out, but remains a buy for those investors around the world looking for yield, and don’t want to go out on the limb with Brazil.
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, Australian dollar, BRIC currencies, BRL, CAD, CNY, currencies, currency rally, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, ECB, EUR, European economic strength, GBP, Gold, gold price, gold rally, INR, NOK, NZD, precious metals, RBI, RBNZ, RUB, The Daily Pfennig
Gartman On Gold: “The beginnings of a real bear market”
Filed Under: Uncategorized Tagged With: bear market, Gold, precious metals
Jim Rogers: “Wait until 2013. We are really going to pay the price”
Filed Under: Uncategorized Tagged With: Commodities, Gold, Jim Rogers, precious metals, QE3, the Fed
Jim Rogers: “They are going to print more money”
Last week legendary investor Jim Rogers sat down with CNBC’s Larry Kudlow to discuss commodities and whether the EU will print their way out of the debt crisis.
[Read more...]Filed Under: Uncategorized Tagged With: Commodities, EU bailout, Gold, Jim Rogers, precious metals
The “Other” Precious Meal
When you hear the term “precious metals,” you likely think of gold and silver. That’s what the Spanish conquistadors had in mind, of course, when in the 15th and 16th centuries they trekked inland from their beachheads on the sands of the New World.
But there are other metals of great value besides gold and silver. In the two centuries after Christopher Columbus landed in the New World, the Spaniards seized the gold of the Aztecs in what’s now Mexico, and took that of the Incas, as well, further south in the Andes Mountains. But this was just the beginning, because the men from Iberia had developed a bad case of gold fever. They wanted more.
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Commodities, Featured, Gold, Impala Platinum Holdings, Investment News, Investment Strategies, Markets, platinum investing, platinum mining, precious metals, precious metals investing, precious metals mining, silver, The Daily Reckoning
Ron Paul on the Danger of Political and Social Upheaval
It could be just the impression of this one lonely editor, but it seems that ever since Dr. Ron Paul announced his focused quest for the presidency he’s been especially fiery in delivering his message. A recent clip shows Dr. Paul directly addressing how a time of failing confidence in the dollar is rapidly approaching and what consequences of that are likely:
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: confidence falls apart, confidence in the dollar, consumer items, consumer prices, currencies, Dollar Decline, DR EXTRA!, economics, Federal Reserve loses control, Inflation, inflation worsens, interest rates soar, Legislation, Markets, physical goods, political upheaval, Politics, precious metals, Rocky Vega, Ron Paul, Social Unrest
Are We Running Out of Silver?
Silver has been on fire for the last three years – substantially outperforming its spotlight-grabbing cousin, gold.
Because we believe this bull run is far from over, we advise investors to always maintain exposure to the precious metals markets. But the question every investor faces in a bull market is: Do I buy now, anticipating prices will continue higher – and chance getting clobbered if a correction arrives? Or do I wait for a pullback and possibly miss out on big gains?
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Commodities, Featured, Gold, investing in silver, Markets, precious metals, silver, silver demand, silver in technology, silver mine production, silver price, The Daily Reckoning
MAS to Adjust Monetary Policy?
Good day. Mondays have always been the most-trying day for my brain cells, as it’s our largest day of risk management in World Markets. That means I have to be “on top of my game” on Mondays, and then I go home mentally exhausted. Well, I thought those types of days would be over, with our brand-spanking-new computer system. Eventually, it will be better. I know it.
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