Category Archives: GOLD

GOLD: ANY AND ALL SUPPORT BROKEN

Posted on July 28, 2010 by Denis Ouellet

Just a coincidence, of course, but gold has broken down right after my July 19 post GOLD: NOTHING TO FEAR BUT THE LACK OF FEAR. Since technicians and momentum players pay great attention to charts like Gartman’s below, “investment demand” … Continue reading →

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TONY BOECKH: THE ARTIFICIAL ECONOMIC RECOVERY

Posted on July 24, 2010 by Denis Ouellet

While the economic outlook is less than rosy, there are the beginnings of some potentially positive developments in the financial system. There are tentative signs that U.S. monetary constipation is easing. The implication of the tentative improvement in money and … Continue reading →

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Posted in CONTRIBUTORS, CURRENCIES, ECONOMY, EQUITIES, GOLD, INTEREST RATES, INVESTING, Tony Boeckh, US equities, bonds | Leave a comment

ALAN ABELSON: A CONTRARIAN VIEW OF GOLD

Posted on July 24, 2010 by Denis Ouellet

Barron’s Alan Abelson advises gold bugs to watch for signs that may hurt gold. My July 19 post GOLD: NOTHING TO FEAR BUT THE LACK OF FEAR explained why investors should be very cautious on gold. By the way, as … Continue reading →

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GOLD: NOTHING TO FEAR BUT THE LACK OF FEAR

Posted on July 19, 2010 by Denis Ouellet

It has been a while since I took a good look at gold’s “fundamentals”, i.e. real world supply and demand. The Economist ran a good article on gold on July 8 which triggered more research. I am even more prudent … Continue reading →

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European Banks Use Gold Reserves to Raise Cash

Posted on July 7, 2010 by Denis Ouellet

European commercial banks have begun using their holdings of gold to raise cash with the Bank for International Settlements, in a further sign of strains in the money markets on which many rely for funding. The BIS, the so-called “central … Continue reading →

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Tony Boeckh: Still Positive on Risk Assets

Posted on June 30, 2010 by Denis Ouellet

Tony Boeckh: The recovery is intact, but will slow significantly and remain uneven, with risks to the downside. with so many G20 countries with unsustainable fiscal positions, the risk of contagion is high. this is an untested economic environment with … Continue reading →

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Posted in COMMODITIES, CURRENCIES, Chinese Equities, ECONOMY, EQUITIES, Emerging Markets, GOLD, INFLATION/DEFLATION, INTEREST RATES, INVESTING, Natural Gas, Oil, Tony Boeckh, US equities, bonds | Leave a comment

Gold vs. Goldilocks

Posted on June 30, 2010 by Denis Ouellet

Deflation protection is becoming a more pressing strategy. With interest rates near zero, central bankers have much less ammo to fight deflation. Markets seem to want it both ways. The yield on 10-year Treasurys pushed below 3% Tuesday. At the … Continue reading →

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Posted in GOLD, INFLATION/DEFLATION, INTEREST RATES, bonds | Leave a comment

QUICK READS

Posted on June 21, 2010 by Denis Ouellet

Yuan Rises to Highest in Modern Era The yuan rose to its strongest level against the dollar in the currency’s modern era as traders bet on the likelihood of long-term appreciation. (WSJ) Euro Rallies on Yuan Move The dollar fell … Continue reading →

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China Huge Gold Appetite

Posted on June 18, 2010 by Denis Ouellet

Gold hit a new record high today following comments by Yin Zhongqing, vice chairman of the finance committee of the National People’s Congress, that China should increase its holdings of precious metals and oil as it invests its foreign reserves. … Continue reading →

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Greenspan: U.S. Debt and the Greece Analogy

Posted on June 18, 2010 by Denis Ouellet

Don’t be fooled by today’s low interest rates. The government could very quickly discover the limits of its borrowing capacity. (…)  Federal debt to the public rose to 59% of GDP by mid-June 2010 from 38% in September 2008. How … Continue reading →

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Posted in ANALYSIS, CREDIT, CURRENCIES, ECONOMY, FISCAL STIM./DEF., GOLD, INTEREST RATES, US economy | Leave a comment

Seth Klarman Is More Worried Than Ever

Posted on May 22, 2010 by Denis Ouellet

(…) Seth Klarman is president of the Baupost Group, an investment firm in Boston that manages $22 billion. His three private partnerships have returned an annual average of around 19% since inception in 1983—and nearly 17% annually over the past … Continue reading →

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After Greece…Bigger Challenges Ahead

Posted on May 5, 2010 by Denis Ouellet

Greece was the warm up. The next batters up are more frightening! (HT Terry)

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Posted in BANKS, CURRENCIES, EQUITIES, Europe economy, FISCAL STIM./DEF., GOLD, INTEREST RATES, bonds | Leave a comment