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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (77867)1/18/2007 12:38:12 PM
From: orkrious  Respond to of 110194
 
@gold's real price -- trotsky, 11:23:59 01/18/07 Thu
as can be seen from the charts below, gold's real price has embarked on a clear uptrend:

gold vs. base metals
gold vs. oil
gold vs. CRB index

this means more for gold miner margins than strong rallies in the nominal price that do not result in an improving real price. it's curious that the gold stocks haven't responded yet, but i suspect that funds and traders that dabble in commodities have been subjected to some forced selling across the board due to the collapse in crude and copper - iow., the gold shares will probably respond with a lag to this improvement in margins. in short, once those that are buying and selling for the wrong reasons are out of the market, prices should begin to get marked up somewhat.

@pm sentiment -- trotsky, 10:17:09 01/18/07 Thu
the cumulative Rydex pm fund cash flow ratio has plunged to a fresh multi-year low at 139 points. this can only be interpreted as bullish, as it shows that the public is more or less out of the sector, in spite of the fact that the gold indices are basically in a consolidation phase.

@pm stocks -- trotsky, 10:11:32 01/18/07 Thu
good grief. slip-sliding away again after an over-optimistic open.

yet another bear throws the towel -- trotsky, 10:08:33 01/18/07 Thu
the last hold-out among mainstream economists in the bear camp, Stephen Roach, is about to throw the towel:

"After four years of booming global growth, I have argued that the world is due for a rest -- not a hard landing but a marked slowdown from the strongest surge since the early 1970s. The verdict in the early days of 2007 is that I could well be wrong."

first Bernstein, now Roach - the bear suits are packed away
morganstanley.com



To: Mike Johnston who wrote (77867)1/18/2007 12:54:53 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 110194
 
This is the same drivel the Fed and its Wall Street shills have been peddling for many years.

Even less credible than Bush statements about Iraq.



To: Mike Johnston who wrote (77867)1/18/2007 4:38:05 PM
From: $Mogul  Respond to of 110194
 
It is really unreal that he said that. How could "real CPI" ever overstate. It is ex. food and energy!

Just continues shows you how out of touch he and this Fed is.

You have to realize this when you invest in the markets and trade accordingly.

That could be the statement of the year from Helicopter Ben!



To: Mike Johnston who wrote (77867)1/18/2007 5:06:13 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
Well, "core" CPI of 2.6% is above what the Fed normally considers
comfortable, the Fed wants to lower rates and prints, and props
the stock market to save the bubbles, so of course something is
wrong with the CPI number, otherwise the Fed is cornered and
can do nothing but raise. This is Ben, not Volcker. He
is acting like Hilo Ben. So? I guess, one needs to buy this
dip in oil - Ben will not raise, Ben will drop rates
and print