“I’m not a policy maker, I am a steward of other people’s capital and I’m here to outperform.”
$USDX
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…
Gold: You Can't Eat It…But You Sure Can Trade It
Are you a trader or are you a central banker. Because if you’re wasting your thoughts and my time on a circumlocution on what gold is really “worth”, you’d better be the latter.
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.
Gillespie: China Will Pull a Japan So Stop Worrying
Nick Gillespie on the whole “China Owns Us” thing…
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…
