January 2015

A Dove in Hawk’s Clothing – Ep. 49

Fed’s official statement released yesterday Received by the market as hawkish, Fed is still reiterates “patience” The statement noted unguarded optimism about the U.S. Economy Fed ignored unstable markets, Europe, oil prices and strength of the dollar Response: the market sold off and the dollar rallied Gold declined on Fed’s expectations The Fed’s underlying goal …

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Weak Earnings and Bad Economic Data Pummel Stocks – Ep. 48

Wall Street spared blizzard only to be buried in bad earnings and bad economic news December durable goods down 3.4%; expected to come in at +.7 Consumer confidence up to 102.9;¬†contrarian indicator Last time consumers were this confident was in the middle of 2007 Number will collapse when reality has a violent confrontation with perception …

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Obama Misstate of the Union – Ep. 47

The President is taking credit for an economic recovery that is a bubble created by the Fed Obama voters’ salaries are much lower now than when he was elected We have fewer full-time jobs during Obama presidency Obama is offering freebies to the middle class, promising to tax the “wealthy” Getting money that you didn’t …

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Central Banks Wage War Against Low Prices – Ep. 46

Big action from the Central Banks this week Bank of Canada lowered rates from 1% to .75% The ECB announced the launch of first QE program The Euro plunged against gold Central Banks’ goal is to raise the level of inflation to guard against falling prices Falling prices accelerate economic activity Regulations and taxes slow …

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Gold Rally Continues, Yuan/Dollar Peg Explained – Ep. 45

Biggest 7-day surge in Gold prices since 2011 U.S. GDP will be lower than in Canada this year Canadian gold production will rise in 2015 Gold is rising against most currencies except the Swiss Franc The IMF still believes the U.S. economy is recovering Outlook for gold in Australia is also positive The Yuan will …

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Will China Pull a “Switzerland” on the U.S. Dollar?

Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses They admitted they were wrong Although the Swiss stock market went down in their currency, it was up in every other currency Gold …

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Switzerland Loses Currency War Swiss Win – Ep. 44

The Swiss people have given up the inflation ghost to win the currency war Media reports negative on the news: “silly decision” Oil down against the Swiss Franc Swiss stocks up in U.S. dollars Wall Street expects Eurozone QE, but without Swiss, QE might be less likely Gold up against other currencies Franc surging in …

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Denial Runs Deep From Wall Street To Bitcoin – Ep 43

Dow down 600 points in between Tuesday high and Wednesday low Stock market and real estate are pillars of the phony recovery Loose government lending standards encouraging mortgage defaults Dollar down and gold up on low retail sales numbers Fed not likely to sit out a U.S. recession, trading support for Wall Street over the …

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