Switzerland CHF – Another Store of Value Destroyed by Central Bankers – SNB Balance Sheet Expansion – ‘Unlimited’. Pegs to the Euro
by on Sep 6, 2011 •The Swiss Central Bank has declared an “unlimited” expansion of her balance sheet to prevent continued appreciation of the chf. The euro and yen surged 10% at times this am vs the chf as the Swiss Bank sold newly printed CHF’s and purchased Euro Usds, GBPs, Yen, adding them to her hugely bloated balance sheet....
“Progressive” Socialist Victory in German State Elections..
by on Sep 5, 2011 •The big losers on Sunday’s state German Elections were the conservative CDU and business friendly FDP. The big winners were the center left SPD, the far left party and the green party. As before, with center left and far left parties gaining share of the votes in germany you have to ask whether this vote...
Gold Breaks Out Again Friday.. New All Time Historic Euro, GBP, BRL, MXN, SEK highs..
by on Sep 3, 2011 •Gold had a very strong close into Friday challenging her USD all time highs with the equity indexes a long way from their recent lows. For those that measure things in pounds, euros, Mexican pesos, Brazilian Reals and Swedish Krones gold made fresh all time historic highs on friday. As usual almost totally unreported by...
Latest UBS Technical Update – Cyclical Bear Market with SP500 Target 1018
by on Sep 3, 2011 •We have featured the UBS technical review three times on the site in the last couple of months. The record, thus far, has been stella in terms of timing and levels. The team have been on leave until this latest report from a couple of days ago.. (apologies on the late posting – i’ve marked...
The Hunt Brothers Remembered & Regulatory Lessons
by on Aug 31, 2011 •This report below details some of the history surrounding the Hunt Brothers attempted cornering of the silver market.. Whats very interesting here are the rapid regulatory changes that were applied in order to ‘save’ the comex and Cbot exchanges. Its hard to imagine what such changes could do to today’s silver markets. Possibly a black...
Credit Suisse – Secular Commodity Bull Intact but Volatile..
by on Aug 29, 2011 •According to Credit Suisse commodity markets can move higher under their own weight due to the supply demand imbalances that exist in the world. They go so far as to say, commodities will, over time, remain uncorrelated with equity and other asset markets, to the upside.. (Indeed as they have been for the last decade...
All Eyes to Dc Ben ‘Will he or won’t he’
by on Aug 26, 2011 •Once again its fed monetary policy that is the main driver in this market. We have a likely big day before us in either direction depending on Ben’s actions. Jobs and asset prices will be on Ben’s mind. He wants inflation as well as a lower USD so in spite of the worries, imo, it...
Silver Momentum Crushed (in the nick of time) Paper vs Physical & technical implications..
by on Aug 25, 2011 •I said the bullish move in silver would need to be significantly crushed in order to prevent an attempt on 50 and more.. The ‘crush’ came with an enormous paper tidal wave of selling starting on Tuesday and sustaining into today, thus far.. She has fallen from 44.3 to 38.8 or 5.5 points 13% in...
M2 Surges.. Good news for makers of wheelbarrows..
by on Aug 23, 2011 •http://www.zerohedge.com/news/m2-surge-moderates-only-increases-422-billion-past-week The ratio of cash and near cash to new money off the printing press is all important to dc ben. With $9.5 trn as m2 this invites qe3. So, good luck to those deposit accounts. This wall of cash will mean huge forward volatility. Its worth noting that order books can be massively overrun...
Free Markets – to a lesser (& lesser) Extent..
by on Aug 23, 2011 •Hey guys, everything moving ahead perfectly isn’t it.. no one should be too surprised by any of the price action we can see before us, imo.. I’ll do a technical and macro comment on another post but firstly price controls/free markets.. I’m not sure who else is trading the softs here but anyone close to...
Silver Taking Off.. A ‘Super Parabolic’ move coming..
by on Aug 19, 2011 •The technical picture for silver has become ultra bullish. The failure for price to step back into the ‘normal channel’ trend lines post the parabolic rise is expectionally rare and therefore super bullish for silver. The base has formed over the last 4 months or so. She is pushing on once again. The rise today...
Monetary Lose Policies (ie money printing environments) produce extreme ‘YOY’ Volatility e.g. Mexico
by on Aug 19, 2011 •A key message for participants of equity markets is to be very careful in applying old paradigms of technical trading definitions of bull and bear markets to the brave new world we are entering. Technically trade equity markets in monetary lose periods is a very different game and must take into account the increasing issuance...