Previous Reports

Daily Report: Fri, 11/22/2013 - 16:07

Without any fresh news, we are left with some odds and ends on fundamentals.

One thing is for certain, since today Senate Democrats went "nuclear" concerning the filibustering of all but Supreme Court nominees, Janet Yellen is a lock to be approved as the next leader of the Fed.

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Daily Report: Thu, 11/21/2013 - 16:26

The decision to taper the pace of asset buying will come when economic indicators say that the economy is clearly gaining momentum. Although the FOMC minutes did not suggest when that juncture would be reached, precious metals markets seemed to think it will come soon. 
The meat of the minutes said:
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Daily Report: Tue, 11/19/2013 - 16:33

The President of the New York Federal Reserve is in the driver's seat today. Unfortunately, he drove gold down.
"While growth in 2013 has been disappointing, I believe a good case can be made that the pace of growth will pick up some in 2014 and then somewhat more in 2015. The private sector of the economy should continue to heal, while... Read more

Daily Report: Mon, 11/18/2013 - 16:07

We are indeed entering the season of "No Fresh News." The holidays are notorious for it. Of course, we will have labor reports, and we will face the fed music in December regarding tapering.

In general, people around the globe slow down at this time of year. Yet there are tidbits we can pop into our brains and consider.

Janet Yellen is all but confirmed as the new Fed head unless there is a right-wing Kamikaze strike in the Senate. Her presence not only signals a continuation of Ben Bernanke's policies but may very well signal an enhancement of his policies. Or, we may see something... Read more