On Wednesday afternoon, just after the close of the market, the US Dollar, the world’s reserve currency flash crashed. This is how the WSJ described the move: In the latest episode Wednesday, a message from the U.S. Federal Reserve that it is in no hurry to raise interest rates caused a big slump in the dollar, which has run…
Gold and silver had a very positive day today, running up to their short term overhead resistance intraday, and holding most of those gains. There was intraday commentary on gold and silver here. The moves next week will be much more meaningful than this short term run up off a very oversold condition. I am ready…
Appearing on Yahoo! Finance, Peter Schiff underscored that the Federal Reserve has been bluffing about raising interest rates. In fact, they will continue to bluff for as long as possible until they’re forced to deal with a deflating asset bubble. He also pointed out the arbitrariness of the Fed’s supposed goal posts: previously they had said…
Welcome to the beginning of the end of dollar strength. I say that because of what the Federal Reserve told the world this week. As expected, the Fed removed the word “patience” from the official policy language it has been using for years to describe its approach to timing America’s first interest-rate increase in nearly…
Bubble on. Have a pleasant weekend.
The only asset class that made any sense in today’s quad-witching was the 10 Year, whose yield did precisely what it should do in a world in which the Fed slashed the economic outlook 2 days ago: it tumbled. The 10Y is almost back to the “kneejerk” shock levels following Yellen’s dramatic slashing of the…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Not too long ago, if you asked any energy insider where in the world the most exciting energy hot spot was, you would have gotten a surprising answer: Africa. It’s true; Africa was a…
Dear Diary, The big news this week was that the Fed dropped its pledge to be “patient” in raising interest rates. The Fed wants to get the market used to the idea of higher rates sometime in the not so distant future. But just so you are clear on how valuable this “forward guidance” is,…
