Markets

Apr 29, 2013 at 13:33

I'm quite serious about what I said about "the grim reality of impending currency controls." As the global economy continues to deteriorate, governments will have to appear to be "doing…

Apr 29, 2013 at 13:03

It's odd, but Americans get happier when the roofs over their heads get harder to afford. Over the past hundred years or so, Americans have come to see houses not…

Apr 29, 2013 at 09:57

The short-term bearish path that we forecast on March 1 as the most likely scenario for gold appears to be playing out. However, that does not mean we think the…

Apr 29, 2013 at 07:58

The core PCE deflator for March recorded a near-record 1.1%. Should we worry that deflation is taking hold? Well, first of all you should recognize that the PCE, unlike the…

Apr 29, 2013 at 07:13

Of all the topics that readers have pleaded me to write about for months but I never did until now, "bitcoins" are at the top of the list. In private…

Apr 29, 2013 at 05:59

There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government…

Apr 29, 2013 at 05:45

Gold has thus far failed to break the resistance at 1496 (15/04/2013 high, see also 61.8% retracement). Hourly supports can be found at 1442 (intraday low) and 1405 (23/04/2013 low).

Apr 28, 2013 at 18:55

SPX has probably completed wave B of the corrective pattern which started from 1597 and is now starting wave C. If last week's high prevails, we would now have the…

Apr 28, 2013 at 14:14

Gold's post-plunge rally of the past 9 trading days has been quite impressive, given what preceded it, but it has not vitiated the implications of the support failure and plunge,…

Apr 28, 2013 at 14:13

After being stuck in a tight range following its plunge about 9 trading days ago, silver finally responded to gold's creeping advance and 'popped' on Thursday, but it was not…