One of the fascinating things about gold, is that it wears many faces…
It can trade as a commodity.
It can trade as a currency.
It can trade as a flight to safety haven.
And it can trade as the momentum flav’ Du Jour.
It can trade either positively, or negatively correlated to the US Dollar and/or Oil and commodities.
And [...]
Gold and HUI Gold Stock Index Trading Update…
March 11th, 2009 · 7 Comments · Gold & Silver Charts
Tags: Gold·Gold chart·Gold vs. Currency·Gold vs. US Dollar·HUI Chart·HUI Gold Bugs Index·US Dollar
The Financial Crisis: Short, Sweet, and Simple Solutions…
February 10th, 2009 · 4 Comments · U.S. Dollar, Currencies and Gold
Saving and creating jobs, needs to be Job #1.
Americans are willing to tighten their belts, and take their medicine. But, what they’re not willing to do, is do it alone. So far, we’ve had our priorities backwards.
The mantra needs to be…
“What’s good for Main Street, is good for Wall Street.”
…not vice versa.
State and local governments [...]
Tags: Bank Bailout·Ben Bernanke·deficits·Financial Crisis·gold standard·Stimulus Package·Tim Geithner·US Dollar·US unemployment
Trading Gold: Follow the Yellow Brick Road-Map…
July 1st, 2008 · No Comments · Gold & Silver Charts, Gold and Silver Stocks
This has been a volatile, whipsaw trading environment for many gold, and gold stock traders. But, it shouldn’t be. Because gold, and gold stocks have been following a veritable bread crumb laden, yellow brick road-map.
Don’t believe it?
Balderdash, you say?
A little too much hubris?
We shall see…
But before I get to the bread crumb laden, yellow brick [...]
Tags: Gold chart·Gold Price·Japanese Yen·US Dollar·Yen Carry Trade
Bernanke to US Dollar: “You’re On Your Own”
June 25th, 2008 · 1 Comment · Gold and Silver Stocks, The Fed & US Treasury Policy
What happened to the Ben Bernanke who just weeks ago, seized the “strong dollar” gauntlet from the Treasury Department, and led both Hank Paulson, and President George W. Bush in calling for a stronger dollar?
What happened to “that” Ben Bernanke?
Here’s all we got out of Ben Bernanke in today’s Fed meeting….
– No leadership.
– No guidance.
– And [...]
Tags: Ben Bernanke·Federal Reserve meeting·Gold·Gold chart·Hank Paulson·The Bernanke Buck·US Dollar·US Dollar chart
Fed’s Donald Kohn quote on inflation and unemployment…
June 11th, 2008 · No Comments · The Fed & US Treasury Policy
“Monetary policy should allow a temporary rise in unemployment and inflation to let an economy find its balance from an oil-price shock.”
– Federal Reserve Vice-Chairman Donald Kohn
That comment on the heels of Bernanke breaking tradition, and taking the lead from the Treasury Department in talking up the dollar? That comment with Treasury Secretary Hank Paulson [...]
Tags: Ben Bernanke·Donald Kohn·Hank Paulson·The Fed·US Dollar