Bonds Routed, Stocks Up, All is Normal? - May 28, 2013 22:24

As if there was ever any doubt that the central banks would not flood the world with unlimited amounts of paper as the Bank of Japan and the ECB both reaffirmed their loose monetary policies which sent equities around the world flying higher.  It is too bad, of course, that organic growth only accounts for […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Gold Firms After Weak Asian Open - October 22, 2012 22:25

Friday’s waterfall European close in gold was nothing more than options expiration take-painting.  And, while gold had a perfect setup this month to assault $1800 and push through to $1850, that setup looks to have failed spectacularly.  After a weak open in Sydney last night Gold strengthened coming into the COMEX session and dollar by […]