From the category archives:
I spent the weekend at the Washington D.C., Money show. The show has shrunk from last year, and the opinions ranged from “this is an incredible time to buy” to “Aaaaaaiiiiiii!!!!!” I’ll have more about that in Wednesday’s Money and Markets column.
This morning, the market is rising on news of a $586 stimulus plan [...]
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The morning rally in gold has faded. The market is going downhill in a hurry. Whatever bounce associated with the election seems to be fading.
Barack Obama’s Yuan Calls May Place U.S. on Collision Course With China Barack Obama’s calls for changes in China’s yuan policy may put the president-elect on a collision course [...]
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Sorry I didn’t post yesterday. I spent much of the day wrestling with a magnum-opus, way-the-heck too-long Money and Markets column, which I have since dumped on my long-suffering editor’s lap. The best way to cut it would be with a straight razor and a bottle of whiskey. Better him than me.
Anyway, it’s [...]
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Here’s the chart you need to watch — currencies are driving everything. Is the US dollar going to correct lower? It hasn’t broken its recent rocket ride of an uptrend. Neither has crude oil, despite its rally yesterday …
GLOBAL ECONOMY
Treasury, FDIC Crafting Plan to Rework Millions of Mortgages [...]
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Our remaining short positions got cleaned out yesterday and this morning (ouch!) and now the market is waiting with bated breath to see if the Federal Reserve cuts the Fed Funds rate by 50 basis points (expected) or more or less (really not expected).
There are several technical — and temporary — reasons the [...]
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I’ve been talking recently about how the credit crunch may slow project development in both energy and gold. Here are two examples …
Credit Crisis May Block, Delay 20% of Deepwater Rigs, Slow Petrobras Boom As many as 20 of the 100 deepwater oil rigs on order worldwide may be delayed or canceled as [...]
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The babblers on CNBC are speaking in tones usually reserved for funerals this morning, as the S&P 500 futures go limit downand Dow futures are close to limit down. I am so, SO glad we added bearish positions to Red-Hot Canadian Small-Caps, Red-Hot Global Small-Caps and Red-Hot Commodity ETFs yesterday. But after the carnage [...]
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It’s been a heck of a day. Gold cratered in overnight trading, then bounced, and now is headed lower again. The same for the broad stock indices. Crude oil is rallying, but not much when you consider that OPEC is about to announce a production cut (according to whispers).
METALS
Gold Falls Below $700 [...]
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About one-third of the S&P 500 reports earnings this week. Yesterday we saw euphoria and I thought it interesting that the major indices went up with oil prices. Today, oil prices are down, and stocks across the board slid at the open. Clearly, fears about the economy remain. Here are some things I’m reading [...]
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Here are some things to keep your eye on …
ENERGY Oil cartel calls meeting as prices tumble Analysts said the overall market trend was bearish and noted that the Organisation of the Petroleum Exporting Countries had decided to hold a special meeting next Friday – instead of in November – to [...]
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