by Tyler Durden Bill Gross continues to telegraph that an MBS monetization announcement is just a heart beat away. Either that, or the firm is now fully convinced it will be able to putback every single MBS in its book (and then some) to some soon to be sad shell of a bank (read- Bank of America and/or Wells Fargo). In October, Pimco’s Total...

Robert Prechter, Elliott Wave theory expert, examines the Federal Reserve The ongoing financial crisis has made the central bank’s decisions — interest rates, quantitative easing (QE2), monetary stimulus, etc. — a permanent fixture on six-o’clock news. Yet many of us don’t truly understand...

by Tyler Durden Marc Faber was on Bloomberg TV sharing his thoughts on China’s 5th RRR tightening in 2010. While the man whose on the ground perspective affords him a good sense of what is really happening, does not anticipate major adverse developments out of the recent round of tightening posturing, he does warn that unless China manages...

by Karl Denninger Ben Bernanke spews forth once again: The global economy is now well into its second year of recovery from the deep recession triggered by the most devastating financial crisis since the Great Depression. In the most intense phase of the crisis, as a financial conflagration threatened to engulf the global economy, policymakers...

by David Galland, Managing Editor, The Casey Report Can you visualize a possible scenario that could put a sudden end to the secular rise now underway in gold and silver? In a recent conference call with the research team of The Casey Report, we once again collectively tried to imagine what situation… what scheme… what government manipulation…...

By Jordan Roy-Byrne, CMT GDXJ is the ETF for junior miners and in particular junior gold companies. This sector has been very strong in 2010 and has solidly outperformed its counterpart, GDX as well as Gold. GDXJ made a key breakout in September and continued to soar into early November. The market soared above our target of $39 and reached $43....

Joshua M Brown There’s a newish meme making its way around the blogosphere and The Street concerning the actual purpose of QE2 and boy, is it an ominous one.  I say newish because the Legion of Doom has long suspected the theory I’m about to lay out, it’s only now getting a bit more play in mainstream venues. It goes like this… When...

Crude oil was higher due to short covering overnight as it consolidates some of the decline off last week’s high. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near term. If December extends the aforementioned decline, the 62% retracement level of the August-November rally crossing at 78.56 is the...

by Karl Denninger Here we are again! In the week ending Nov. 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 443,000, a decrease of 4,000 from the previous week’s revised average of 447,000. Meh.  Nothing new...

Make no mistake about it, to be a successful Forex trader you MUST understand and ride currency trends… today I’ll increase your knowledge of the Forex market while simultaneously easing the fears most traders have about Forex. Like a duel lesson! The session costs nothing to attend and WE WILL NOT BE RECORDING THIS SESSION! Those of you...

by Tyler Durden Following one of the biggest drops ever in the Empire Manufacturing Index a few days ago, it is only completely logical that the Philly Fed would follow through with one of the biggest jumps in history. The Philly Fed prints at 22.5 versus expectations of 5, and a previous read of 1. GM, which was about to take out all the bids at...

Yawn! Yes, YAWN I say to a 1% bounce!  I mean REALLY people, have we taught you nothing following our 5% Rule?  This is a very basic part of it, you get a 20% reversal off of 5% moves and that is called a WEAK BOUNCE.  Don’t blame me, I don’t make the rules…  Oh wait, actually I did make this one.  Anyway, don’t blame me, this is just...

SDS – Inverse SP500 Index Fund These bear funds make it possible for traders and investors to profit from a falling market using a regular buy and sell strategy. They can also be traded in retirement accounts making them a golden investment for those willing to play a falling market. This chart moves the same as the SP500 index only flipped. As...

Courtesy of The Pragmatic Capitalist I’ve been assuming since day one (since there was no other logical explanation for QE aside from the fact that it can clean up bank balance sheets) that QE2 was a bank bailout and not a Main Street rescue plan and it now looks like Ben Bernanke and the Fed are (at least partially) confirming this.  They are...

by Andrey Dashkov, Editor, Casey’s International Speculator Building on the spectacular early takeover of Underworld Resources by gold major Kinross this June, recent discoveries in the Yukon Territory have made this large region of frozen tundra the hottest area play in the junior resource sector today. Economy The Yukon is Canada’s smallest...