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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.

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

Elections Throw Euro Under a Bus

May 8, 2012 By Leave a Comment

Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.

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

Elections Throw Euro Under a Bus

May 8, 2012 By Leave a Comment

Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.

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Buying Gold on the Dips

April 13, 2012 By Leave a Comment

The currencies and metals added to their gains yesterday as the day went along. The euro (EUR) traded briefly at 1.32, and the Aussie dollar (AUD) traded through $1.04. There were more Fed heads speaking, and Fed Head William Dudley agreed with Fed Head Janet Yellen, who had said the previous day that keeping interest rates near zero through 2014 was needed. Dudley said, “I haven’t seen any set of information that should suggest to me we should change that view.”

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MAS to Adjust Monetary Policy?

April 10, 2012 By Leave a Comment

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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Calls for QE3 on Disappointing Jobs Data

April 9, 2012 By Leave a Comment

Good day. It was a picture-perfect day here in St. Louis yesterday for our Easter celebration. It’s not often we can do that outside, but outside is the only place you would want to be yesterday! The grandkids were all dressed for the occasion, and they all looked as cute as can be.

Well, the jobs jamboree sure wasn’t cute on Friday. In fact, it bordered on ugly. You may recall that going into Friday’s jobs report, the ADP report on Thursday said the economy added over 200,000 jobs in March, and that the “experts” had forecast an increase in jobs of 205,000.

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Currencies Rally on Eurozone Agreement

January 31, 2012 By Leave a Comment

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, went to my computer and checked the overnight markets, and I saw the currencies had turned around, along with gold. So naturally, I began to scour the news to see what was going on.

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Do Investors Pay Attention To Ratings Agencies?

January 18, 2012 By Leave a Comment

Both Germany and the IMF have cut their growth forecasts for this year. Germany for Germany, and the IMF for global growth… But both are cutting their forecasts because of the same thing… Eurozone weakness, due to the debt problems, which are pushing austerity measures, which will cut growth for certain!

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