“Dangerous Divergences” betweens Bonds and Stocks,
It all seems so surreal. After being mesmerized by the Fed’s hallucinogenic “Quantitative Easing,” (QE) drug, and seduced by the Fed’s Zero Interest Rate Policy (ZIRP), and rescued by the Fed’s clandestine intervention in the stock index futures market, for the past 4-½-years, it’s easy to forget that there was once a time when the Fed’s main policy tool was simply adjusting the federal funds rate. It’s even harder to recall that two decades ago, the Fed’s raison d’être was combating inflation, whereas today, the Fed’s main mission is rigging the stock market, and inflating the fortunes of the wealthiest 10% of Americans.
How high Can the US$ Fly versus the Japanese Yen?
The Wise Sages of Ancient days used to say, “The fate of a Liar, is that nobody believes him, - even when he’s speaking the truth!” Such is the case for Japan’s propaganda artists, including the Prime Minister, the Finance minister, and central bank chief, who are all trying to cover-up their boldest scheme yet, to crush the value of the Japanese yen, against the currencies of its major trading partners. On May 11th, the finance chiefs of the Group of Seven (G-7) gave Tokyo the green light to continue with its radical QE scheme, which has already led to a -24% devaluation of the yen against the US-dollar, and a -33% devaluation against the Euro, since market savvy traders first got wind of the plot in late November.
Shale Oil is a Big Game Changer for Dow-to-Gold Ratio
Since mid-November, the market value of the Dow Jones Industrials – compared to the price of Gold (the Dow-to-Gold ratio), was moving steadily higher. Traders figure the best way to profit from the Fed’s QE-schemes, is through purchasing US-stock market index futures and ETF’s. Today, 1-share of the Dow Jones Industrials can fetch 10.7-ounces of Gold, compared with only 7.35-ounes last November. Given that the Dow peaked at 42-oz’s of Gold in 1999, there’s still plenty of room for the Dow to regain lost ground against the yellow metal. When speaking of the Dow-to-Gold Ratio, - no matter which way the wind blows on Wall Street, the Dow is likely to gain further ground compared to the price of Gold.
Dealing with QE-Wars and Currency Devaluations
What’s most urgent right now, is learning how to profit from the QE-Wars and competitive currency devaluations that have become the “New Normal” of in today’s marketplace. And as long as governments’ budget deficits continue to spiral out of control, presumably, there’s no end in sight to how much currency that central banks will print, or how much politicians will try to tax. A key question facing investors is - what is the best strategy for staying ahead of the money printing schemes and currency devaluations that are expected to unfold in the year ahead?
No End in Sight for Global “Currency Wars”
A January 16th warning issued by Russia’s central banker Alexei Ulyukayev has also set the narrative for the G-20 meeting. “The world is on the brink of a fresh “currency war.” Japan is weakening the yen and other countries may follow. If Japan continues to pursue a softer currency, reciprocal devaluations would hurt the global economy,” Ulyukayev warned. “We’re on a threshold of very serious and confrontational actions. The new government of Japan is a course towards a very protectionist monetary policy through a sharp depreciation of the yen. Other colleagues from respected central banks and governments already pursue this policy. This is not a path towards global coordination but rather a separation,” Ulyukayev declared.
Australia’s Metal Miners hitch a Ride to China’s Economy
It used to be said that when the US-economy caught a cold, the rest of the world caught pneumonia. However, this is no longer the case. While it’s still the world’s biggest economy, the US-economy is not very important any longer for Australia. Instead, Australia’s fortunes have become increasingly linked to China’s. The view that Australia’s economy might actually have become “coupled” with China’s began to gain credibility in 2001.
Tokyo Plays Hardball, Weakens Yen, Lifts the Nikkei
Still, the massive US-budget deficit is turning into the biggest source of instability in the world markets today. More debt means more money printing by the Fed, which in turn, could lead to a full blown currency war, joined by many other central banks, all doing battle with each other. Unfortunately, the corruption and incompetence in Washington politics is beyond repair. Traders need to search for global opportunities to preserve their purchasing power.
Fiscal Cliff, Asian Currency Wars, Buoys the Gold market
“Currency Wars” is a term used by central bankers of several Emerging countries that must take measures to either slow or stop the appreciation their currencies against the US-dollar, in order to maintain the competitiveness of their exporters. Worldwide, Emerging central bank holdings of foreign currency reserves, mostly acquired through intervention, have increased +50% over the past four years to $10.5-trillion. The continuation of the “Currency Wars” is expected to extend into 2014, leading to a further expansion of the world’s supply of paper currency – and providing a favorable backdrop for the precious metals markets, especially Gold and Silver.
If Romney Wins, Expect the End of Quantitative Easing
The idea that “Infinity QE-3,” could be aborted as soon as February of next year, should Romney win the race for the White House, is currently viewed as a long shot. It’s a contrarian call, with most Wall Street banks betting on further QE gains in the stock market. So a Romney win would catch the majority of traders off guard, and deal a tremendous jolt to the world’s financial markets. It would knock the precious metals lower and badly rattle the US-stock market indexes, while boosting the value of the US-dollar in the foreign exchange markets. The chance of a Republican led White House is increasing.
The Fed’s Radical QE Policy is on the Chopping Block
Over the course of the past 3-½-years, the Fed has ruled over the US-capital markets with an iron fist, and has dumped the US’s long-held tradition of laissez-faire (leave it alone) into the trash bin of history. The invisible hand of the Fed in controlling the behavior of the capital markets and thus, increasing the government´s control over the US-economy. At the upcoming Nov 6th election, there’s a last chance opportunity for US-voters to reverse the tide. US-voters can overthrow the Fed’s ruthless dictatorship and restore the tradition of “Free Markets for Free Men and Women.”
"Audit the Fed" - Restore "Free Markets for Free People"
When will the Fed’s folly and madness come to an end? Perhaps next year, we’ll begin to see big changes at the Federal Reserve, including the sacking of Fed chief Ben Bernanke, and his henchmen of addicted money printers, who have tossed aside the notion of “Moral Hazard,” a long time ago, and instead, are engaging in “financial repression” in the bond markets, and the rigging of the value of the stock market, much to the chagrin of believers in free markets.
"Computer Cowboys Wrestle with Volatile Commodities and Currencies" - by Gary Dorsch
How can the average investor hope to outsmart an Algo trader? Fortunately, computerized trading is mostly used in scalping operations, providing massive liquidity to the markets, but isn’t altering the market’s longer term mega-trends. In fact, Algos appear to be utilizing traditional tools that have been used for decades, and are in sync with today’s “Financialization” of the commodity markets. That is to say, Algos are reinforcing the “inter-market” relationships between currencies, interest rates, global equity markets, and the commodities sector, - most notably, metals and crude oil.
Dow Industrial Bulls, Gold Bugs, Wagering big Bets on QE-3
“I guess I should warn you. If I turn out to be particularly clear, you’ve probably misunderstood what I’ve said,” Fed chief “Easy “Al” Greenspan used to say. On June 7th, Greenspan’s protégé, - Fed chief Ben “Bubbles” Bernanke spoke to a congressional panel, and traders were listening carefully to every word, trying to discern if the Fed would unleash QE-3 ahead of the upcoming elections set for Nov 6th. The Fed could pump-up the money supply, and buy more Treasury bonds and in turn, jolt the stock market sharply higher, and influence public opinion.
"Sell in May, and Go Away" Strikes Again
On Wall Street, it’s been the “Least Loved Bull" market in history. Yet at the same time, the current Bull market, that’s grown up in the shadow of the worst financial crisis since the Great Depression, is the seventh best percentage gainer in market history. It’s also the first Bull market to double in value in less than three years. However, there are also frightening “Corrections” that rattle investors’ nerves, along the way. Since 1928, there’ve been 94-corrections of -10% or more, leading to upheavals in the stock market, about once in every 11-months. Seasonally, US-stock markets usually see a strong start to the New Year, but begin to flatten out in the second quarter. Often there’s a early summer swoon that ends with a losing month in September. Traders call it “Sell in May and Go Away!”
Minefields that can Blow-up Global Stock markets in 2012
It takes a long time for the entrenched “conventional wisdom” to lose its power of persuasion. “A trend in motion will stay in motion, until some major outside force knocks it off its course.” Along the way, there are sudden and nasty shakeouts in the markets that cause many traders to quickly lose their nerve and close their bets, fearing big losses. However, the true skill of the Macro Trader is to distinguish between daily price swings, and instead, to anticipate and correctly time, the major changes in market sentiment, that can lead to violent price moves in the opposite direction and quickly wipe-out the market’s excesses.
Global “Oil Shock” Could Sink Obama’s Re-Election bid
In nine of the last ten US-presidential elections, if the price of gasoline was higher at the end of the incumbent’s term in office, than when it began, the incumbent lost the election. Regardless of the cause, the president of the United States gets an inordinate share of the blame anytime there is a spike in gasoline prices. As the Fed inflates the value of the stock market, with its ultra-easy QE money policy, - one of a dangerous side effects is sharply higher oil prices. If the Fed is aiming to inflate the value of the Dow to the 14,000-level in advance of the upcoming presidential election, as is widely expected by equity traders, it also runs the risk of jettisoning oil prices to $150 /barrel.
The Fed is Engineering Obama’s Re-Election Campaign
Mitt Romney is now starting to aim most of his fire on President Obama, instead of attacking his Republican rivals. However, Romney’s strategies for winning the presidency are not likely to overcome the efforts of Obama’s top campaign manager, - the Federal Reserve. The highly secretive Fed is actively working to help Mr Obama get re-elected, and the fruits of the Fed’s labor is just beginning to sprout in the political arena.
Wild Gyrations in Commodities & Gold – what’s Next?
Each day, the world’s population increases by 225,000-human beings. The middle class globally is growing at 70 million people a year, so just the marginal demand for these commodities is enormous and being driven by the major emerging markets. Such massive demands on the earth’s finite resources will eventually outpace supply and lead to severe shortages of many commodities worldwide. Tighter supplies would be rationed through much higher prices.
ECB Expected to Unleash QE after Launching of Euro-Bonds
Hardly a week goes by, without a major summit between German Chancellor Angela Merkel and French President Nicolas Sarkozy, trying to devise a clever scheme to save the Euro. Yet after 1-½ years of trying to contain the wildfire, - the Euro-zone’s debt crisis is more dangerous than ever. To prepare the groundwork for full scale QE, - the monetization of toxic debts, - the political cronies in Berlin and Paris are maneuvering towards a new arrangement that would blackmail member states of the Euro, into surrendering their sovereignty over fiscal policy.
Illusions versus Reality in the Copper market
Yet how does one explain the sudden sharp drop in copper prices that sliced off a third of its value? At last count, global demand for copper is not too far from record highs. Furthermore, the global demand for copper is expected to exceed new supplies by roughly 200,000-tons this year, leading to a supply deficit, which would usually buoy copper prices. Is the Copper market presently out of touch with Reality?
Can we Trust Government Statistics on the Economy?
Statistics conjured-up by US-government apparatchiks on consumer spending, which accounts for 70% of US GDP, are completely at odds with the results of private surveys, that are not under Big Brother’s control. The government’s report on July’s consumer spending is far beyond the stretch of the imagination, and appears to be solely designed to jig the market higher. Thus, trying to profit in the stock market is a game of seeing correctly through deceit and deception, and “smoke and mirrors.”
Gold Eyes $2,000 /oz, - Is it a Bubble that´s Ready to Burst?
Even the most avid gold bugs, who’ve been stockpiling vast quantities of the barbaric metal for decades, and endured their fair share of panic shakeouts, were probably in a surreal state of “shock and awe,” while watching the price of the yellow metal soar to within 1% of the psychological $2,000 /oz level this week.
Beijing Downgrades US-Treasury to A+ - Is Anybody Listening?
The most important voice in the debate about the credit worthiness of America’s debt, is not the twisted opinions of the US-credit rating agencies, but rather, that of China’s credit rating agency - Dagong Global Credit Rating, which downgraded US-Treasury’s debt from A+ to single-A last week. Fears that Beijing is preparing for a confrontation with Washington sparked widespread selling in Asian stock markets on August 8th, and sent the price of Gold soaring above $1,700 /oz for the first time ever.
"Negative" Real Interest rates, the Euro's disintegration, fuel Gold’s historic rally to $1,600 /oz
July 18, 2011, - The Fed has just ended its $600-billion Treasury bond-buying program, known as QE-2, and already, traders are trying to figure what new tricks the Fed might have up its sleeve, in order counter a significant correction in the US-stock market in the second half of 2011. Uncertainty over the financial health of the Euro-zone’s banking system, and lingering fears that countries such as Greece, Ireland, and Portugal might eventually be forced to leave the Euro currency itself, has led many depositors in the Club-Med countries to seek safer havens in the Swiss franc and the Gold market.
Radio Interview - May 5, 2011, - Greek debt crisis, Global Commodities markets
Listen to a 15-minute Radio Interview, dated Thursday, May 5, 2011, hosted by Market Wrap commentator, Moe Ansari, discussing the "Flash Crash" on Wall Street in May 2010, the worsening Greek debt crisis, and the Long term outlook for the Global Commodities markets, with the Editor of the Global Money Trends newsletter, - Gary Dorsch.
The Forgotten “Flash Crash” – One Year later
Crashes can occur during bear or bull markets, and are characterized by panic selling and abrupt, dramatic price declines. Whereas the average time for a decline in the S&P-500 to reach the threshold of a bear market is about nine months, a Crash can reach bear market territory in a matter of days.
A Crash is often the result of unanticipated catastrophic events, or the collapse of a speculative bubble. However, in many cases, the warning signals of danger that precede a stock market Crash are flashing brightly for everyone to see, for days, weeks, or months, yet the danger signals are either ignored or incorrectly interpreted by market bulls.
Fed’s QE-2 Ignites Global “Oil Shock” - Unrest in Middle East
Milton Friedman’s theory about the linkage between the growth of the money supply and the outbreak of asset and commodity inflation was proven correct. Two-years after the Fed launched QE, the “Commodity Super Cycle” is in full stride, lifting inflation rates sharply higher around the world. As with any Ponzi scheme, there is a day of reckoning. For the BoJ and the Fed, the nightmare scenario of a Global “Oil Shock” has arrived, as West Texas Sweet crude oil crosses the $100 /barrel threshold.
“Commodity Super Cycle” Ripples into China
Ironically, two-years after Beijing put a floor under the commodity markets, it now faces one of its worst dilemmas in decades, - an upward spiral in raw material costs, and booming commodity prices, that can shrink profit margins for its factories, and shrink the disposable income of its citizens. The Continuous Commodity Index is +28% higher than a year ago, and its exerting unrelenting upward pressure on China’s inflation rate.
Fed´s QE Ponzi Scheme begins to Backfire
The Fed is feeling pretty giddy about its ability to jig the stock market. Privately, it’s happy to see commodity prices soaring, lessening the odds of deflation taking hold. However, there is one trouble spot brewing in the markets, for the omnipotent Fed to worry about. T-bond prices are plunging. If the Bond vigilantes turn the US-Treasury market into a Greek style wasteland, then the Fed’s wild-eyed QE-experiments would go up in smoke.
Tea Party, Bond Vigilantes, Revolt against Fed’s QE-2 plot
In an extraordinary turn of events, the Fed’s scheme to devalue the US-dollar, and monetize the government’s debts, through a radical process known as QE-2, has become a political lightning rod, pitting liberal Democrats and supporters of QE-2, against conservative Republicans and Tea Party opponents of QE-2.
Crossing the Rubicon into the World of QE-2
Even before the radical QE-2 experiment officially begins, there’s already been an upward explosion in the prices of a wide array of commodities, including crude oil, corn, cotton, copper, cattle, gold, heating oil, gasoline, rubber, nickel, tin, palladium, silver, soybeans, rice, and wheat. The Continuous Commodity Index (CCI) is skyrocketing in a V-shaped parabolic rally and is +84% above its Dec 2008 low. Perhaps, these forward looking market signals could become a harbinger of an outbreak of virulent inflation?
Will the US Treasury Defend the US-Dollar?
“Everything depends on proper listening. Of ten people who listen to the same speech or story, each person may well understand it differently. Perhaps, only one of them will understand it correctly.” How should traders interpret the latest remarks by US Treasury chief Timothy Geithner, who shocked the currency markets on October 18th, citing his determination to defend the value of the US-dollar?
Fed Takes aim at Chinese Yuan, - Energizes Commodities
The US-Treasury and the Federal Reserve (“Plunge Protection Team”) are seeking to corral central bankers and finance ministers from other G-20 nations, to join Obama’s campaign to strong-arm Beijing into raising the value of the yuan more quickly. The US-Treasury is preparing an all-out “currency war,” which has already started to inflate commodity and stock market bubbles, by instructing the Federal Reserve to send signals about a resumption of “quantitative easing” (QE-2) or the printing of dollars to purchase US Treasuries notes, in the months ahead.
Foreign Currency Wars fuel Gold’s Rally to $1,300 /oz
Speculation that the Fed would unleash QE-2 has already spearheaded a new round of currency wars across the globe. Central bankers in Brazil, China, Chile, Japan, Russia, and South Korea have all stepped up their interventions, by injecting large sums of paper into the currency markets, while trying to prevent a precipitous decline in the value of the US-dollar versus their own currencies.
Shift from T-Bonds and into Commodities & Gold?
Long-term US-Treasury notes have lost two-thirds of their relative market value, when compared to hard-money, - Gold, over the past six years. Beijing has made a tragic mistake, by investing two-thirds of its $2.5-trillion FX stash into US-bonds. Trying to figure out how Beijing and other central banks, will invest their FX-stash in the months ahead, is the topic of the Sept 8th edition of the Global Money Trends newsletter.
British Gilts vs Gold, - vying for “Safe Haven” Money
Ten-year gilt yields have fallen steadily from as high as 4.25% set in February, when worries about Britain’s record budget deficit were at their peak. The yield spread between the British 10-year gilt and the 1-year T-bill rate has shrunk by 130-basis points, to +225-bps today. The last time the yield spread was this narrow, the global economy was at risk of sliding into a 1930’s style depression.
Japanese style Deflation Strikes Global Bond markets
The US-economy has not experienced sustained deflation since the Great Depression of the 1930’s, when consumer prices fell 10% between 1929 and 1933. But Japan has been battling falling prices since 1995. Central bankers and macro-economists from all corners of the earth have studied Japan’s descent from its giddy economic prosperity in the 1980’s, and into the deflation trap in the 1990’s, that Tokyo’s financial warlords have still been unable to remedy.
The Fed Flashes the Nuclear QE Trump Card
Of ten people who hear the same story or speech, each one might understand it differently. Perhaps, only one of them will understand it correctly. Bernanke acknowledged that the US-economy faces an “unusually uncertain time,” but if necessary, he hinted the central bank would resort to “Quantitative Easing,” (QE), or printing vast quantities of US-dollars, in order to prevent a deflationary spiral.
How the ECB Engineered the Euro´s Recovery
The hysteria over the solvency of the Club-Med countries, - Greece, Portugal and Spain, was whipped into a frenzy, with questions being asked about the long-term viability of the Euro itself. But now, Euro-zone politicians are trying to refurbish the Euro’s stature, by adopting fiscal austerity measures to reduce their bloated budget deficits. At the same time, the ECB has begun to sterilize its debt purchases.
The Psychology of the Copper Market
Copper has been on a wild rollercoaster ride, famous for its “boom-and-bust” cycles. Gambling on copper’s next major move is always a high stakes bet. Last year, copper dealers found it profitable to focus solely on the demand side, while largely ignoring the supply side of the equation. After-all, “the market value of any commodity is only worth, what the highest bidder is willing to pay.”
Radio Interview on Global Markets - May 27, 2010
Listen to a 15-minute Interview, with Global Money Trends editor, Gary Dorsch, and the host of the Financial Sense radio show, - Jim Puplava, - discussing the outlook for the global stock markets, the Euro-zone debt crisis, and Gold.
Euro-zone Credit Crunch & Shanghai Shakeout - Jun 03, 2010
Few traders know much about the credit default swap (CDS) markets. They’re traded on an unregulated, over-the-counter market, and far from the public’s view. Yet nowadays, the CDS market has become a major battleground, with the fate of the Euro currency hanging in the balance. Meanwhile, the People’s Bank of China is removing a large chunk of the stimulus from the Shanghai money markets, wrecking havoc on Asian stock markets and industrial commodities.
Greek Wildfire Engulfs the Euro in Flames
Euro zone politicians underestimated the destructive power of a tiny tinderbox – the Greek bond market. "If we will not stop these wolf-packs, they will tear the weaker countries apart,” warned Finance Minister Anders Borg of Sweden. Facing a systemic seizure of the European financial system, - the ECB unleashed its nuclear option, – “Quantitative Easing,” - printing vast quantities of Euros to douse the fire.
Could a Greek Tragedy Morph into a Lehman Meltdown?, Apr 27, 2010
In an eerie sense of déjà vu, German finance minister Wolfgang Schauble pleaded with his country’s citizens on April 20th, to back a joint EU-IMF bail out for Greece worth up to €45-billion, warning that failure to act would risk another global financial meltdown.
Central Banks Stoking Market Euphoria, Apr 15, 2010
The Dow Jones Industrials penetrated the psychological 11,000-level this week, extending its historic gains to +70% above its March 2009 lows, and melting away deep-seeded skepticism over whether equities have gone “too-far, too-fast,” in what is the least-loved bull market in history.
"Dangerous Divergences" Lie Ahead. Apr 4, 2010
Greenspan is spooked by the “dangerous divergence” that is developing between a high and rising S&P-500 stock index and the simultaneous slide in the Treasury bond market, that might trigger a stock market crash of unknown magnitude
Optical Illusions, Oil Shocks, and China’s Headache, Mar 11, 2010
Buoyed by the Fed’s hallucinogenic “quantitative easing” QE-drug, the value of the Dow Industrials is artificially inflated by 2,500-points, elevated by the Fed’s "quantitative easing" scheme, and ultra-low interest rates. Two dangerous side effects however, are the emergence of a global "Oil Shock" and faster inflation in China.
Bond Vigilantes set Sights on Sovereign debt, Feb 25, 2010
Gunslingers in the world’s money markets have wrecked havoc on the sovereign bond market of Greece. Could British Gilts and US Treasuries be the next dominoes to tumble?
How the Euro Evolved into a “Carry Trade” currency, Feb 18, 2010
Unless the ECB defends its currency soon, by draining liquidity, the Euro could become the top “carry trade” currency, usurping the US-dollar for short selling strategies.
PBoC Rattles Commodities, Emerging markets, Jan 22, 2010
It was of great interest to commodity traders, on Jan 12th when the People´s Bank of China, (PBoC) one of the world’s most influential central banks, took its first meaningful step in eighteen months, to tighten its money spigots and shakeout speculators in the high flying copper and crude oil markets.
One more Dance before Midnight Strikes, Dec 16, 2009
The Resurrection of the Gold Standard, Dec 3, 2009
US$ Carry Trade Inflate Bubbles, - Nov 22, 2009
Dangerous Side Effects of Ultra-Easy Money, - October 29, 2009
G-20 Inflates Global Economy to Prosperity, Sept 10, 2009
“Bubble-Mania” in Shanghai Spreads to Global Markets, August 4, 2009
Analyzing the Australian dollar, Up, Down, and Under - July 21, 2009
The Mystery behind the Parabolic Yield Curve - June 10, 2009
“Green Shoots” Sprouting in Global markets, May 5, 2009
New Bubbles Brewing in Shanghai and Wall Street, April 14, 2008
Speculators Return to Commodities, Aussie & Canadian dollar, March 24, 2009
Central banks unleash the Nuclear Option, March 19, 2009
US-Dollar Shines in a Depression, China buys Metals, March 5th, 2008
Beware, "Quantitative Easing" is Hallucinogenic
Central Banks Open the Floodgates to fight Deflation, Dec 3, 2008
Can Central Bankers Prevent the Great Depression? Nov 17, 2008
After Shocks from the October Meltdown, Nov 6, 2008
Weapons of Financial Mass Destruction - Oct 8, 2008
"Maverick McCain" and the Ressurection of the US$, Sept 10, 2008
Is the "Commodity Super Cycle" Dead or Alive? August 20, 2008
New Buzzword for Commodities - “Demand Destruction” August 6, 2008
What’s behind the Slide in Oil and Commodities? July 23, 2008
"Stagflation" Haunts Global Stock Markets, buoys Gold, July 8, 2008
When Central Bankers Clash, Stock Markets can Crash, June 26, 2008
Is Crude Oil a Bubble Ready to Burst? May 28, 2008
G-7 Central bankers Stymied by Crude Oil Vigilantes, May 8, 2008
Big-3 Central banks fueling Commodity Inflation, April 17, 2008
Global "Oil Shock" Rattles World Stock markets, March 12, 2008
Who is Blowing Bubbles in Global Commodity markets? Feb 26, 2008
The "Commodity Super Cycle" - Ready to Rumble in 2008
Explosive Money Supply Fuels Global Inflation Dec 20, 2007
Global Stock Markets Top Out on Peak Oil By Gary Dorsch
Is Crude Oil on Course to hit $100 /barrel? Oct 17, 2007
How High can Shanghai Red-chips Fly? October 11, 2007
Beware - Bernanke Fed can Ignite Hyper Inflation! Sept 19, 2007
Can the "Bernanke Put" Lift Gold Sharply higher? Sept 5, 2007
Stock Market Gyrations and the Yen Carry Trade August 23, 2007
Plunge Protection Team Working Overtime, August 9, 2007
Deja´ vu, Spike Rally in the Japanese Yen Spooks Global markets, July 26, 2007
How High can Crude Oil Fly? July 16, 2007
Global Exodus from US$ in Motion - July 3, 2007
Dangerous Divergences in the Global Bond and Stock Markets - June 5, 2007
New Rules for Global Investing in 2007, April 10, 2007
Unwinding the Yen, Unravels Global Stock Markets March 13th, 2007
Brewing Bubbles in Shanghai, Tokyo, and London, Feb 21, 2007
What´s Behind the Crash in Crude Oil? Jan 9, 2007
Chinese Red-Chips Soar into Orbit, Dec 27, 2006
How does the US Dollar Defy the Law of Gravity? - October 24, 2006
Central Bankers Operating behind “Smoke and Mirrors” - August 8, 2006
Central Bankers Wage War on Global Inflation - June 13, 2006
Conspiracy Theories and the Global Stock Market Melt-down - May 22, 2006
The Psychology of the Canadian Petro-dollar - February 21, 2006
Global Stock Market Rallies are Optical Illusions, but Gold could Soar to $770 per ounce - January 16, 2006
Inverted Interest Rates – Distortion or Danger Ahead - January 10, 2006
The ´Commodity Super Cycle´ - How long can it last? - January 30, 2006