Tag Archives: euro
Quiet Monday Has Yen Testing Support
Now that the Bank of Japan has settled on its new QE plan, extension of the old one to the tune of ¥10 trillion more purchases of various types of… Read more
Gloomy Start to the Stock Market Today
Buyers may be scarce in early trade on the New York stock markets, amid depressing economic indicators from China and the euro zone, two major trading partners of the United… Read more
Gold and Silver Start Week Down
In a continuation of Friday’s action in the Gold (AMEX:GLD) and Silver (AMEX:SLV) pits, the metals spent all of Sunday evening in Asia and Europe as well as the entire… Read more
The Fed Announces Open-Ended QE, Gold Explodes
I will be the first to admit it, but I did not think the Fed would actually announce QE on Thursday at 12:30pm EST. The markets were prepared for it… Read more
German High Court Upholds ESM, Euro Rises
In a decision that should have come as no surprise to anyone that understands what the role of the courts in a democracy truly is, the German high court upheld… Read more
US Dollar Breaks Down on Eve of Fed Meeting
Tomorrow, September 12th may be Armageddon day for the U.S. Dollar (AMEX:UUP) as there are two events that will hit the market in what might be the financial equivalent of… Read more
Draghi’s Plan Boosts Euro while Gold Crosses $1700
E.C.B. President Mario Draghi held the first press conference of the new Euro-zone on Thursday. We will look back on today at the day that the political integration of Europe… Read more
Gold and Silver Follow Up Friday Rally
After a monster rally in the wake of the admission by FOMC Chairman Ben Bernanke in his speech from Jackson Hole, Wyoming last Friday that there was still a place… Read more
S&P and Gold Top ETF Flows for the Week
For the period from Friday, August 17th through Thursday August 23rd both the S&P 500 ETF (AMEX:SPY) and Gold ETF (AMEX:GLD) saw the biggest flow of funds into them. SPY… Read more
Gold Ends the Week Up $56
It was a stunning week for the metal of monetary excellence. The technical breakout from horizontal resistance at$1633 per ounce was confirmed with a very bullish closing session for the… Read more
US Treasuries Continue to Fall, Equities Hold
If one takes a quick peak at the charts one will see that July 23rd marked a turning point in the bond and currency markets. The Euro hit its low… Read more
Japan’s Growth Slows, Cue Keynesian Stimulus
It’s a real shame that after 25 years the leadership in Japan will not give us their dreams of infinite mercantilism. The latest print for Japanese GDP was just 0.3%… Read more
