| The dollar has recently been gaining ground. And is there any wonder! The euro tumbled two percent after The French referendum on the European constitution became known, and then even further after the even more resounding "No" from the Dutch population. The dollar, by default, gained ground.
"France and Europe reeled on Monday from a resounding French 'No' vote that could sound the death knell for a proposed constitution for the European Union," a Reuters wire story reported.
"The charter, designed to ensure smooth decision-making in the en |
- Last Modified: 2005-06-13 06:49:56
| Although we?ve heard it a lot over the past year or two, the voices are getting louder and louder. There now seems to be a distinct possibility that the Chinese yuan will revalue later this month from 3% to 5%. At least those are the noises coming out of China.
The following information comes from Tom Dyson, reporter on The Rude Awakening, young sister publication of our syndicated Daily Reckoning...
"That's the scuttlebutt from several Chinese traders, CEOs (party connected) and a couple of fund managers," he responded when pressed for his s |
- Last Modified: 2005-05-03 06:40:07
| America, along with the rest of the world, is about to run out of cheap gas. When it happens, your wealth... your health... and your whole way of life will come under jeopardy!
Now, we all KNEW this crisis was coming soon, but even according to the so-called 'experts'... we weren't supposed to run out of energy for another 25 - 30 years. But that's not the way it's happening. Adison Wiggin of The Daily Reckoning brings us the following report:
"Already, we're seeing the symptoms of a collapse: soaring oil prices; tension between petroleum-st |
- Last Modified: 2005-04-17 10:37:19
| Recently the CRB index - an index of 17 commodities - surged to its highest level in 24 years. On the same day, copper reached a 16-year high. Then oil made an attempt at a 24-year high - $55.67 a barrel is the mark, set on October 25, 2004. Oil now stands at around $57/barrel and commodities are likely to tread water for a while, however, make no mistake - the overriding trend - on FUNDAMENTALS - is UP.
And the price of gasoline at the pumps isn?t exactly heading south. For the data, take a look at the Oil and Gas prices. Look out for $60+/ba |
- Last Modified: 2005-04-06 08:23:56
| Confession - I?m a Euro bear ... fundamentally speaking.
And that flies in the face of the "conventional wisdom" one hears on almost every street corner these days. Not to mention from the lips of the likes of George Soros and Warren Buffett.
But lets not confuse issues. On long term fundamentals I?m a Euro bear, on short to medium-term "trades" I?d be foolish not to be a Dollar bear and Euro bull.
But it?s the fundamentals that interest me most. Of course the technicals are fine to enable one to eat, but its in the fundamentals - and I?m t |
- Last Modified: 2005-03-18 03:07:10
| Some of the most fascinating areas of trading are, to my mind, the commodities markets. Trading in commodity futures means trading in physical items ? all well-known and all of which touch the lives of most of us. The commodity markets are also arguably the least understood by the majority of traders and therefore often avoided.
And within the commodity markets, perhaps the most arcane item to trade, at least by non-specialists, are the meats.
A recent article by veteran commodity trader Kevin Kerr in The Daily Reckoning gives us a rare insig |
- Last Modified: 2005-03-10 10:53:40
| The world's biggest financial services firm last week dismissed its entire stock market technical analysis team, including longtime analyst Louise Yamada, group leader who had been with the bank for nearly a quarter of a century.
Citigroup stated that the firing of Yamada and her team is part of an effort to control expenses, and the company is planning to eliminate up to 1,000 jobs from its global corporate and investment banking division:
Citigroup Eliminates Stock Technical Analysis Group
Naturally this released yet another barage of the |
- Last Modified: 2005-02-26 11:04:07
| So, the price of crude is again on the ascendant, and, guess what? - that's right! - the dollar's falling back from its recent highs. Nothing new there. And as active market traders, don't we just love this level of volatility!
In a former (one of several) life, I worked in the petroleum industry - and there was nothing better than to see a rise in the price of crude. It meant more exploration, more drilling ... more, yes - a word we don't here too often these days ... INVESTMENT.
And all of this was great too for the then ailing UK economy, |
- Last Modified: 2005-02-23 05:02:17
| People who constantly change their minds are often thought of as flighty, inconsistent, even unreliable.
Nassim Nicholas Taleb, in a recent article published in The Daily Reckoning, wants to prove that theory wrong and show that those who start each day with a clean slate and new ideas make the most rational investors.
He claims that in today?s world, self-contradiction is considered culturally to be shameful, and goes on to quote from Proust, whose novel A la Recherche du Temps Perdu ("In Search of Lost Time") features a semi-retired diploma |
- Last Modified: 2005-02-13 10:52:44
| Every day, you hear that ?high energy prices are bad for the stock market.? You may be shocked to learn, however, that financial ?experts? were saying exactly the opposite five years ago.
So which is it ? are high oil prices good or bad for stocks?
I recently came across a research paper which appeared in the Special Section of the August 2004 Elliott Wave Theorist, Robert Prechter?s monthly market analysis publication:
OIL AND STOCKS: A CRUDE CONNECTION
by Tom Denham
For decades, people have fixated on some economic indicator du jour as |
- Last Modified: 2005-02-11 05:35:09
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