By Andrew Segal, Lind Plus Senior Market Strategist There are a number of factors that influence the price of gold, but none more important than the value of the U.S. dollar. I think continued weakness in the dollar and technical chart formations have positioned gold for a potential breakout to the upside. December gold futures [...]
Federal Reserve Chairman Ben Bernanke delivers his semi-annual testimony to Congress on Tuesday. MF Global Research Senior Interest Rate and Equity Market Analyst Nick Kalivas offers his outlook in his daily research notes. Thinking about Bernanke’s Testimony The Fed Chairman is likely to make statements which are consistent with the consensus economic view. His comments [...]
China Call for World Currency – Bloomberg Consumer Spending in U.S. Rises – Bloomberg Deflation Fears Ignite in Japan – RealClearMarkets Text of FOMC Statement – RealClearMarkets How Much Power for Fed? – CNBC Inflation is the Real Threat to Sustained Recovery – Alan Greenspan, FT Why Congress Asks Bernanke Bogus Questions – Flow Chart [...]
U.S. Stocks in Broad Rally – Wall Street Journal New Jobless Claims Rise Unexpectedly to 627k – RealClearMarkets Durable Goods Much Better Than Expected – Wachovia Gold Rises for Third Day – Bloomberg Wheat Falls to Eight-Week Low – Bloomberg U.S. Crisis is Like Japan’s, Only 7 Times Faster – Newsweek Regulatory Reform: A Primer [...]
The Federal Reserve kept interest rates unchanged but said it will buy $300 billion in long-term Treasury bonds. The Fed also plans to buy mortgage-backed securities and the agency debt of Fannie Mae and Freddie Mac. The move aims to boost bond prices, thus forcing the yield on long-term interest rates down. The ultimate hope [...]
By Jim Barrett I’ve been involved with the Treasury bond market since 1979, originally as a floor trader, and recall how bond trading was king back then. However, the spotlight dimmed as the U.S. government began to get its fiscal house in order during the late 90s; so much that it was even able to [...]
Friedman’s Futures Forecast for January by Jeff Friedman Register for future webinars to get more trading ideas.
House Passes Auto Bailout – New York Times Crude Oil Surges Most in 5 Weeks – Bloomberg Jobless Claims Surge – RealClearMarkets Gold Rises to Eight-Week High – Bloomberg Change is Coming to the World of Finance – BusinessWeek We Need a Bailout Exit Strategy – Wall Street Journal Is the Bear Market Finally Over? [...]
Dow Plunges 700 Points – AP London Suffers Sharpest Fall Since ’87 – Telegraph How Will We Know if the Bailout Succeeds – The Atlantic Fed Will Provide as Much as $900 Billion in Loans to Banks – RealClearMarkets Is This a Replay of 1929? – Washington Post The Next Crisis: The Economy – MSNMoney [...]
Buffett: My Fix for the Economy – CNNMoney Time to Bet on an Oil Crunch – CNNMoney Trichet Says ECB Discussed Rate Cut as Growth Slowed – Bloomberg Lumber Plunges to 17-Year Low as Slumping Economy Cuts Demand – Bloomberg Gold, Silver Futures Fall On Speculation Bailout Bill Will Pass – Bloomberg Short-Selling “Math Geek” [...]
