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Notes From Underground: All Quiet On the Western Front (From a News Perspective)
There were no real market-moving news stories this past week, but that didn’t stop the precious metals from coming under severe pressure on the Asian opening as prices in gold and, especially silver,...
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Notes From Underground: Things That Need To Be Watched
As I ponder things in the 118 degree heat, it is time for some reflection and perspective: a. The Bank of England performed beautifully today and took a breath before cutting rates further and/or...
View ArticleNotes From Underground: The Land of the Rising Sun needs to Raise More Sons
The most significant financial news today was the downgrade of Japanese debt by the ever “prescient” S&P group. It seems that after all these years of government spending and the huge negative...
View ArticleNotes From Underground: CNBC-Market’s Disaster Response
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View ArticleNotes From Underground: A Very Slow news Weekend Unless You Are in the Middle...
The markets have been given a modicum of quiet as all ears turn to this week’s FOMC meeting. It seems that the FOMC release will be at 11:30 a.m. CST, which is an hour and forty-five minutes earlier...
View ArticleNotes From Underground: SPANISH MISSTEPS TRIP UP ITALIAN DEBT
The DEBT markets in Europe renewed the sombre tone of a collapse of Italy and Spain. In the early part of the European trading day, the Italian BTP was holding on to last week’s gains and outperforming...
View ArticleNotes From Underground: SPANISH MISSTEPS TRIP UP ITALIAN DEBT
TO OUR READERS: WE’RE REISSUING LAST NIGHT’S PIECE AS MANY OF YOU DID NOT RECEIVE THE POST BECAUSE OF A WORDPRESS GLITCH. ENJOY! The DEBT markets in Europe renewed the sombre tone of a collapse of...
View ArticleNotes From Underground: No Surprises This Monday
Even as the rumors of a massive IMF intervention to support Italy faded into the New York close the equity were buoyed by the robust start to the HOLIDAY SHOPPING SEASON. Increased sales and no bad...
View ArticleNotes From Underground: U.S. Treasuries, A Fixed Market That Is Badly Broken
One of the most important elements to the purpose of the financial markets is to be an indicator of flawed policy. If money is too loose, the BOND VIGILANTES will assure policy makers that it is time...
View ArticleNotes From Underground: The Yen Will Not Be the Sacrificial Lamb
And by the end of trading the YEN had reversed its initial weakness and wound up stronger–the 24-hour trading range was 79.20-78.25, with the settlement at 4:00 p.m. CST, 78.37. It seems that the...
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