Another Chinese Resource Grab
The stakes just got higher in the 3-D chess game China’s playing for natural resources. On one dimension, the Middle Kingdom is on the offensive. But on another, it’s playing strictly defense… Beijing is ordering state-owned businesses to explore a bid for PotashCorp (POT), the Canadian fertilizer giant that’s already fending off a hostile bid [...]
Print Money and Be Damned!
Japan was the world’s most admired economy in the ’80s. Then it was the world’s most despised economy in the ’90s. By 1995, economists pointed their fingers and laughed – the world’s most admired businessman had lost his left shoe. But now, much of the world is barefoot. The US inflation rate has been going [...]
Fed Vows to Maintain Public Financial Health
Extend and pretend… That’s the government’s way of handling the crisis. Extend credit and cash to those who don’t deserve it. Then, pretend that everything is okay… But the problems don’t go away. They just get stretched into the future… What did the feds do for GM? They took over the company. They extended cash [...]
QQQQ Short term down-trend still intact 15th day; KMR: cup-with-handle break-out?
Thursday was the 15th day of the current QQQQ short term down-trend… Source
Time for Caution After Jobs Number Extends Market Gains
The downtrend break has given us very nice upside action which has now been boosted by the better than expected jobs number… Source
How Will Census Workers Affect the Jobs Report?
It was a ping-pong day for the currencies, back and forth over the net… The net being the “level of the day”… For instance, the Aussie dollar (AUD) played over the 91-cent net all day, and the euro played over the 1.2820 level all day. The data on Thursday was all over the board, which [...]
Green Mountain Coffee Roasters (NYSE:GMCR) — CFRA Roasts Vermont’s Green Mountain
Green Mountain Coffee Roasters Inc. (NYSE:GMCR), the Vermont-based specialty coffee and coffee maker company, last week received a fairly negative research opinion from the Center for Financial Research and Analysis. How it’s impacted the stock is the issue that Dan Amoss, Agora Financial’s editor of the Strategic Short Report, has investigated. Dan Amoss shows how [...]
Euro Gained Support From Successful Bond Auctions
EUR/USD The Euro found support below 1.28 against the dollar during Thursday and… Source
Metals Commentary
December gold futures closed up $5.00 at $1,253.10 yesterday. Prices closed nearer… Source
Short Form Buffalo Trader Bullish Reversal Report 09/03/2010
U.S. equity markets pushed ahead again on light volume, and awaits the job numbers with bated breath. Note once again that bullish reversals were minimal as the daily momentum approaches overbought conditions. With one exception, the Russell 2000, all momentum indicators are bullish at every level and the Russell is close. I think the most [...]
