Told Ya So: Gold Is STILL Not The Safety Trade

In the wake of the Dollar’s rally during the Dubai scare late last year, I did a fairly prescient Public Service Announcement here on TRB.  The gist of it was: Gold is no longer any kind of “Safe Haven”.  Those days ended when the 38th gold ETF came public and the 900th commercial for gold…

Three Ring Currency Circus: China, Japan and the US

Welcome to the Three Ring Currency Circus: Central bankers as ringleader, metals and energy prices as the strong man, China as barely-tamed lion, Japanese stuffed in the clown car and the US taxpayer as the guy who cleans up after the elephants.

Euro: The Beatings Will Continue Until Morale Improves

The Euro’s troubles began earlier this month and with every upset gyro cart in Athens, the beatings have continued. From the WSJ: LONDON — Support for the euro has turned very soggy very quickly, with sovereign credit risk in Greece, banking stress in Austria and weak economic data all suddenly proving a major drag. The…