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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Comments from Fed Chairman Bernanke this morning led traders to believe that the Fed Funds rate isn’t going anywhere anytime soon from its 0% – 0.25% range. As that news began filtering out into the market, the equities moved up off their lows eventually making it into positive territory while the Dollar

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Jim’s Mailbox

10 Year Treasury Auction Results CIGA Eric

It’s not a problem until it has been recognized as such.

10 Year bond auction results continue reflect the trend towards increased anonymous participation. It’s called direct bidding.

While PR focuses on the window dressing of stimulus retraction, it ignores potential for infinite QE behind anonymous

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In The News Today

Thought For The Day:

Gold has spoken out both before and after US trading hours for two days now on the developments taking place in the darkened central bankers meeting room. This is the same room with the shades pulled down, military and police guards out front and air support flying above.

The floating

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Welcome back to the reflation trade and the end of “deflation” talk once more. The soaring equity markets and surge higher in the Euro was all that it took to flip the algorithms into the “BUY” mode for anything and everything including sea shells by the sea shore sold by Sally.

Gold

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Jim’s Mailbox

Long Term U.S. Government Bonds CIGA Eric

Long-term U.S. Government Bonds: "It is our dollar but your problem." But for how much longer? It will become our problem when LTGBTRI breaks the 1981 up trend line. The trend in the bond market has become the canary in the coal mine.

Update The 1981 LTGBTRI

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Unprecedented Challenges In Financial History

My Dear Extended Family,

I doubt there has ever been a time in financial history when there has been challenges of this magnitude.

This is not business as usual in any form.

When have financial meetings been so top secret? When has the military cordon off financial meetings? When have F-18s, F-22s and French

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In The News Today

Dear Extended Family,

New York State spending is out of control. California tried to go off the dollar but the California IOU is a total failure.

There are 38 states right behind California and New York, all of which are too big to fail.

The debts of the weaker European Union states are under

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Jim’s Mailbox

What is lumber telling us? CIGA Eric

What is lumber telling us about the near-term strength of the economic recovery?

Lumber Futures Continuous Contract and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:

Many uphold the view that housing is the key

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