Last week, I wrote that shorting AUD/NZD is my favorite trade. At that time, I said that if the currency pair rallies back above 1.31, then the uptrend has resumed and my call is wrong…
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Yesterday marked the one-year anniversary of the rally. The Dow rose a piddly 11 points. Gold sold off $1.
This rally has gone on for so long most people think it is not a rally at all, but a new bull market. Worldwide, it has taken equities up some 73%…making it one of the greatest rallies [...]
Yesterday’s big move in the Dow throws us back to our customary position – uncertainty, bordering on da-daism. The Dow rose 169 points yesterday. Gold shot up $29 to $1119.
“I think, therefore I am,” said Rene Descartes. How did he know he thought? And what if he thought he wasn’t? Would he not be? He [...]
Stocks in, dollar out. That was the mood in the markets yesterday. One half we can understand. The other has us flabbergasted. That investors would sell the dollar seems like a no brainer. That they would buy stocks seems like a got-no-brainer. So, what gives?
First, the comprehensible: The greenback slipped about half a percent during [...]
g back and forth for now. We could still see some temporary weakness but we are favoring some strength to come back in soon.
Here is something interesting; there seems to be a bullish edge when the following is true:
When it is the first quarter, unemployment was lower three days ago, and there was a [...]
If you’ve been thinking about reducing exposure to stocks, now might be a good time. And if you’ve been thinking about increasing your exposure to precious metals, now might be a good time.
According to Morgan Stanley economist Gerard Minack, the stock market is in for a correction after its 9-month “relief rally.” In a note [...]
I was reading a good, thoughtful story about how currency swings could be dying down, as we return to fundamentals. You know, me… I jumped from my chair, and click my heels together in joy! OK, I’m not physically able to do that any longer, so I did it in my mind! But a return [...]
The euro (EUR) has led the non-dollar currencies down versus the dollar overnight. After spending three days this week hovering back and forth over and under the 1.45 handle, the euro finally succumbed to some selling.
The selling is being blamed on the Greece story once again… I mean, come on! Haven’t we already been there, [...]
In continuing the thought from yesterday’s post “A Look at the Dual Rallies in the US Dollar Index and S&P 500,” I wanted to show…
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With many eyes focusing on the dual (and puzzling) rally in both the US Dollar Index…
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Regular readers of The Daily Reckoning will recall the “Trade of the Decade” we proposed ten years ago… to buy gold on dips and sell stocks on rallies. Now that the decade’s over Bloomberg seems to have caught up with the idea, confirming that gold investments have outperformed commodities, oil, high grade corporate bonds, treasuries, [...]
Nothing much happened in the markets on Friday. So, we’ll stop to think a bit about what has happened this year…and this decade.
You’ll recall, of course, our Trade of the Decade – buy gold on dips…sell stocks on rallies. Well, we’ve been very happy with it. But the decade is coming to an end. It’s [...]
We here at The Daily Reckoning are somewhat partial to our “Trade of the Decade” of buying gold on dips and selling stocks on rallies. However, if you were to have considered other investing options over the past ten years, the picks from the below list could have worked out for you as well. Eddy Elfenbein, host [...]
Yesterday, gold closed at $1,200. Long-term Daily Reckoning sufferers can finally hold their heads up. We bought gold at the beginning of the bull market. New readers, with no gold buried in their back yards, may wonder: is it too late?
Here is a quick answer: no. We’re still a long way from gold’s ultimate destination. [...]
While the stock market continues its “recovery rally,” there’s something strange going on in the bland world of bonds. Check it out:
True, there’s hardly a difference to the everyday investor between a 0.3% and a 0.04% yield. After fees and inflation, you’ll end up losing money either way.
But it’s worth noting that short-term Treasuries are [...]
The Dow fell slightly on Friday. Oil ended the week at $77. The dollar went nowhere.
But gold rose to a new high – $1,146.
Whatever else may be going on, there’s a real bull market in gold. It’s a bull market that began ten years ago. If you’d bought stocks then, you’d have about what you [...]
On October 1, the U.S Treasuries zoomed upward as the DJIA saw its first material decline in six months. In percentage terms, the Dow’s decline was insignificant — yet bonds had one of their best single-day rallies since the summer low. Why is this important? Here’s why…
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