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News recap for Monday, Oct 3rd

Alex — Mon, 03 Oct 2011 20:50:55 +0000

Today was an exciting day for global markets. Below you’ll find a recap of today’s most important news. We are not anywhere near out of the woods, yet. In fact I think equity markets are bound to get much worse. …

Silver’s scary sell-off

Alex — Sun, 25 Sep 2011 21:21:05 +0000

Silver and silver-related assets were smashed across the board on Friday as the World Bank and IMF met in Washington, DC to discuss the worsening global crisis. Other commodities saw sharp declines as well. More silver was traded that day …

Fed Wednesday – Policy Outlook

Alex — Wed, 21 Sep 2011 17:20:17 +0000

I don’t want to be right about my of my dire predictions, but all signs point to a significant global slowdown: http://online.wsj.com/article/SB10001424053111904353504576566142076103776.html The Fed is coming out at 2:15 pm to announce the results of their policy meeting. Many expect …

Central bank intervention for profit retention?

Alex — Thu, 15 Sep 2011 18:48:44 +0000

Today we read about Kweku Adoboli, the UBS equities trader that allegedly went rogue and lost the firm $2B in Q3 profits. We also learned about the ECB effectively using extraordinary measures to prop up insolvent EU banks. A rumor …

The coming global debt-driven depression

Alex — Fri, 09 Sep 2011 18:31:17 +0000

Reality begins to set in, which inspires panic. Frantic selling across various speculative assets brings prices drastically lower. Retirements and pensions wiped out. Paper investments made effectively worthless. Sound like a repeat of 2008-2009? The American Nightmare This horrifying scenario …

An exercise in reckless monetary policy

Alex — Wed, 07 Sep 2011 03:05:02 +0000

The Swiss National Bank intervened in the foreign exchange markets today, effectively devaluing the Franc by over 8% in a single day. Through a combination of an aggressive monetary policy statement and direct foreign exchange purchases of other currencies (namely …

The great rotation from gold to silver

Alex — Mon, 22 Aug 2011 18:10:42 +0000

With gold pushing all time highs on a near daily basis, far exceeding its inflation adjusted highs from prior decades and pushing through several technical overbought indicators, many are concerned a correction is looming from this recent parabolic move, where …

Risk off trade resumes after bounce

Alex — Thu, 18 Aug 2011 21:29:55 +0000

High frequency traders, institutions and retail investors pushed markets lower today, and in recent days, after a brief reprieve from the selling abated in to a liquidation frenzy. Gold made new record highs, silver stayed strong as the commodity complex …

Risk off panic selling, Euro collapse and more

Alex — Thu, 04 Aug 2011 19:46:16 +0000

The world markets were roiled today by panic selling. The sell off was catalyzed by negative news on Italy’s solvency, accelerated further by margin calls on major institutions, forcing a major deleveraging across the board. Many are fearing a reemergence …

Precious metals outlook and thoughts

Alex — Thu, 09 Jun 2011 07:51:27 +0000

After the violent price swings we’ve seen in silver and the correction in gold, I remain cautiously optimistic that the precious metals sector is now in a bottoming phase and that the nominal paper values disconnect between physical values indicates …