Here's the peerless Mark Steyn, writing about London's riots in his latest column: Several readers wrote to taunt me for not having anything to say on the London riots. As it happens, Chapter Five of my book is called "The New Britannia: The Depraved City." You have to get up pretty early in the morning […] Read More
A mixed picture Sunday evening appeared to taunt bulls and bears alike, since moderation of the kind in evidence at the moment is almost aberrational these days. My forecasts nevertheless go as far out on the limb as the dark arts will allow, looking for higher stock prices and at least somewhat lower bullion prices […] Read More
Having legged into the September 42/46/50 call butterfly spread four times for 1.04 over the last few weeks, we have a chance to make as much as $1184 if the stock is trading around 46 when the options expire on September 16. The position would be profitable in theory with the stock trading anywhere between […] Read More
Ever since the watershed high near $50 was recorded in early May, bulls and bears have been duking it out within a $10 range whose peak (basis the September futures) was 42.295. The bearish case carries more weight, however, for one reason: buyers have so far failed to surpass the look-to-the-left peak at 42.330 notched […] Read More
A weak opening Sunday evening has knocked $10 off the price of December Gold, generating a so-far low at 1730.80. To turn things around on the hourly chart, bulls would need to achieve a print at 1761.10, a single tick above a small peak recorded Friday on the way down. Failing that, however, the futures […] Read More
The rally target at 1227.75 that was in play in Friday is still in play. As I'd noted earlier, choppy action has brought the futures to within two ticks of the 1187.25 midpoint associated with that target. The fact that that midpoint was precisely achieved by the day's two failed rallies suggests that the 1227.75 […] Read More
As The Great Recession tightens its grip on the urban slums of the U.S. and Europe, a darker side of social networking has begun to emerge. Last week, the civilized world was appalled to read about rioting British “youths” tweeting their friends and comrades-in-arms to join the fun. “We need more MAN than Feds so […] Read More
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February’s Buying Mania Shows No Sign of Slowing
DXY – NYBOT Dollar Index (Last:101.18)
The Yellow Flag Is Out
Yellen’s Idea of a Heated Economy
With AMZN’s Effortless Recovery, the Smart Money Is Ready to Rampage
Bull Trades in Gold, Silver and TLT
Inflation Ahead? Yeah, Sure.
A Tone Change in Long-Term Rates?
Bullion Looks Poised to Leap
Where Have All the Contrarians Gone?