Skip to main content

Data, Data, Data

Friday, October 25, 2013 - 16:02

One by one, the unbelievers are coming around to the idea that the Fed is not going to taper come next week. 

The Department of Labor reported earlier that the number of individuals filing for initial jobless benefits declined by 12,000 to a seasonally adjusted 350,000. Analysts were anticipating U.S. jobless claims would fall by 22,000 to the 340,000 level last week.

Profit-Taking, Oil and Immigration

Thursday, October 24, 2013 - 13:19

Pessimism seems to have infected all markets today. No wonder... it's becoming clear to investors that the fiscal mess in Washington is actually messy and not just an annoying detour. 

Gold - down. Silver - down. Platinum and palladium - down. Base metals down.

The Hangover Effect

Wednesday, October 23, 2013 - 13:56

Now that the euphoria, controlled as it was for the Democrats, is over and the Republicans still have a splitting headache from being hung over from their "lost weekend" that lasted for almost three weeks, the sober business of figuring out how to realistically cut budgets, deficits and debt is upon Washington once more.

Shrinking Jobs, Golden Opportunity

Wednesday, October 23, 2013 - 13:54

The jobs report issued Tuesday stated that the number of federal workers now is as low as the number was in 1966. 

Charles "Still Waters" Evans

Tuesday, October 22, 2013 - 16:54

A new week has begun - fortunately or unfortunately - for the U.S. government. Gold was treading water today, while silver picked up a tidy rise of 1.3%. 

Thinking Like The Chinese

Friday, October 18, 2013 - 14:51

And never the twain shall meet...

         - Rudyard Kipling

 

Herding Cats

Thursday, October 17, 2013 - 17:31

Up, down, trying to get the feeling again...

         - Barry Manilow

 

The Final Curtain Draws Near

Wednesday, October 16, 2013 - 17:03

Today gold acted the way gold is supposed to act. As the end of this ridiculous Washington drama comes closer, when there was a deal (boding certainty) gold fell and when the extremist wing of the House came forward yet again with some new, unacceptable tweaks, gold rose (uncertainty). 

Maybe It's A Maybe

Tuesday, October 15, 2013 - 16:52

The risk of a wrong decision is preferable to the terror of indecision.

         - "Moses" Maimonides, 12th century Jewish rabbi/philosopher  

 

Not to decide is to decide.

         - Harvey Cox, liberal 20th century theologian

 

Kool-Aid, Kool-Aid, Tastes Great | Kool-Aid, Kool-Aid, Can't Wait

Monday, October 14, 2013 - 16:48

Last Friday our headline for The Weekend Report read "Lock 'Em Up Till They Reach An Agreement." Well, no one was locked up exactly, but conditions have finally forced the parties in Washington back to the negotiating table regarding the budget and debt ceiling.
 

Subscribe to