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THE EUROPEAN ECONOMIC CRISIS
Earlier this week, the markets cheered the announcement out of Europe of a bailout package by the European Union nations and the International Monetary Fund, and a decision by the European Central Bank to begin buying sovereign debt of weaker states. This bailout plan protects the sovereign bond markets for
Continue reading Market Commentary From Monty Guild
Dear CIGAs,
Gold priced in Dollar terms made a brand new all time high in overnight London trade before coming into New York where the sellers tried their luck at taking it lower as the equity markets fell apart and the Euro plunged further into the abyss. Sadly for the sellers, once the initial
Continue reading Hourly Action In Gold From Trader Dan
Dear Friends,
Some commentators are talking a euro at par to the dollar. I assure you that would be the end of the union and the beginning of the attack on the dollar that is certain to come.
If you have the emergence of national European currencies as a result of the failure of
Continue reading Euro At Par With The US Dollar?
Dear Friends,
I thought it might be a good time for an examination of the Dow Jones Industrials over the last ten+ years in comparison to gold given the fact that the stock market has seemingly recovered all of its losses incurred since last week’s 1000 point intraday plunge.
While it may give the
Continue reading Dow Jones Versus Gold: The Fight For Real Value
Thoughts For The Day
Gold traders today asked if the price should follow the general commodities lower or perform as the only vehicle in a major currency crisis that offers true safety moving higher. Gold will opt on this question to perform as a currency as that is what gold is inherently.
With the
Continue reading In The News Today
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
Jim,
I need to blow off a little steam. When I read about the cause of the big downturn last week, I just went ballistic. I told my wife when people panic, it’s bad. When computers panic, it is a disaster.
Wall street is no longer a place for investors. It is a place
Continue reading Jim’s Mailbox
Dear Friends,
We have said many times here over the past few years that the black boxes have captured the US financial markets. The lowly individual investor, the shareholders looking for value and a decent rate of return on their hard-earned investment capital, have become nothing less than chum for these sharks that operate
Continue reading Trading Machines Gone Wild
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