Monthly Archives: November 2009

Fed Holds Steady with No Plans to Hike Rates

The Stock indexes rallied all morning, but once 2:15 EST rolled around, we saw the indexes melt lower, still ending the day up, but giving

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Waiting for Godot— UMM The Fed

Fed minutes are due out today at 2:15 EST… Traders and other nervous Nellie’s will be looking for the Fed telegraphing its plans to hold

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Rain Forcast keeps Grain Prices Firm as Gold Reaches new Highs

Today over all was very bullish as the index funds were heavy buyers of grains, in sympathy with the massive 30 dollar rally in Gold.

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Thanks to Computers,,, There is no Flow in the Markets

Computerization of the futures market for order entry and execution eliminated any semblance of flow in these markets, in my opinion… Computers are responsible for

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Gold Leads the Way as we all become dollar speculators

India took delivery today of 6.7BB in Gold from the IMF…That bit of news, along with the stock indexes holding up surprisingly well in the

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Morning Outlook is Volatility

As we enter Tuesday’s trading day look at the following factors:1) Crude Oil prices and the trading range of the US Dollar index2) Export news

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It was sub-prime, now its “dollar-carry trade”

For the past 3 years, the talk was the sub-prime crisis…Now it seems the new fascination in the financial press is the dollar-carry trade, which

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November Rally Hats

Ford came out today with bullish news, the only manufacturer not to take tarp money, posted a billion dollar gain… Perhaps Hillary would like to

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