Gold Scents All markets are subject to the forces of regression. Newton’s basic laws of motion; Action and reaction. At current levels both the S&P and Nasdaq 100 are stretched further above the 200 day moving average that virtually any other time in  the last 10 years. Not surprisingly the further a market stretches in one direction...

It’s widely accepted that stocks are in a correction at this time. The question remains: “what kind of a correction and how long and how deep will it go?”. My analysis has been and continues to be that we are in the initial stages of a bull market (in Elliott Wave terms SPX is currently in Wave 3 of a five wave bull run). While...

By Phil of Phil’s Stock World Is it safe? I asked that question at the end of November in “Timid Tuesday – Is It Safe” and here we are, 60 days later and up 7.5% and, on the whole, feeling less safe than we did then, when only a few people seemed concerned about rapidly rising global inflation and sovereign default risks....

We have seen some exciting moves in the market and with the market sentiment so bullish it should make for a sharp selloff in the coming weeks. Meaning everyone is overly bullish and owns a lot of stocks and commodities; therefore the market should top and leave them holding the bag while the smart money runs for the door. The market will not bottom...

by Karl Denninger .. from one Thaddeus McCotter. “The Egyptian demonstrations are not the equivalent of Iran’s 2009 Green Revolution.  The Egyptian demonstrations are the reprise of Iran’s 1979 radical revolution. That’s correct. “Thus, America must stand with her ally Egypt to preserve an imperfect government capable of reform;...

Mr. Market has thrown traders a few curve balls lately as precious metals and crude oil have been selling off while the U.S. Dollar Index futures were consolidating. Additionally, the volatility index has been very choppy and was indicating that we could be seeing a potential change in the underlying trend with regards to future price action. In previous...

by Tyler Durden Forget the irrelevant inventory accumulation… pardon… GDP number. The real news today is coming from Egypt, where history is currently being made and a regime is in the process of being overthrown despite the unprecedented country-wide internet shutdown. The fallout from today’s riots will be momentous. Follow all...

“Can I follow your hedge fund trades in my IRA?” That’s easily the #1 question I’ve been getting lately. The answer is, absolutely, YES. For example, if you were just trading your IRA in 2010, then… You could’ve captured the 400% move in rare earths in your IRA account. You could’ve captured the 100% move in wheat in your IRA account. You...

Tim Iacono The Commerce Department reported that economic growth in the U.S. rose from an annual rate of 2.6 percent in Q3 to 3.2 percent in Q4, the improvement coming from increased consumer spending and higher net exports of goods and services. For all of 2010, the economy expanded 2.9 percent, up from a 2.6 percent contraction in 2009, and the...

by Karl Denninger First, you must sell allegedly “friendly” governments lots of weapons.  You know, aircraft, missiles, guns, ammunition, that sort of stuff.  It helps a lot if the governments have money, and it helps even more if you can convince them to peg their currencies in some way to yours, and they have something you want (think...

Year End review from John Paulson’s Funds.. paulson_2010

Courtesy of Phil of Phil’s Stock World What an amazing market! Nothing can stop it.  A 12.5% increase in unemployment claims – BUY!  A 2.5% drop in durable goods orders – BUY!  Japan’s credit rating downgraded – BUY!  Amazon missing revenues – BUY!  Gold falling $35 from Wednesday’s close – BUY!...

Tim Iacono When documenting the early-21st century decline of the American Empire, future historians are surely going to have a good time poking fun at the conventional wisdom at the time that a pure-fiat money system was sustainable and the increasingly tortured rationale provided to justify that belief, in the process, perhaps recalling the words...

by Karl Denninger I don’t usually swear in the header.  But this time it’s appropriate. The head of JP Morgan has delivered a furious tirade against “banker bashing”, complaining that the entire industry is being tarred with the same brush and implying that bankers have become political whipping boys. Oh on the contrary. There...

How to play the THREE biggest currency trades that hedge fund traders are already drooling over. Click here to watch it now Even if you DON’T trade currencies or FOREX, these 3 big currency trades could put a lot of money in your pocket over the next several months – or cost you a bundle if you don’t understand their implications. Currencies...