By Jordan Roy-Byrne, CMT In recent commentaries we’ve discussed the relative strength of the gold stocks and in particular the relative strength of the large miners. This relative strength comes at a time when the sector is nearing a potentially historic breakout. We’ve written about this breakout before but now the gold shares are closing in and...

Courtesy of Jesse’s Cafe Americain  When listening to a speech like this, one has to remember who is speaking and under what conditions. A Fed Chairman has a thousand watt megaphone attached to his chest, and so he must speak quietly and calmly, in order not to disrupt markets and place the Fed in the middle of political controversies. Unless you...

JW Jones & Chris Vermeulen – http://www.optionstradingsignals.com/specials/index.php Now that Mr. Bernanke’s speech is old news, what was the financial media thinking exactly? A significant number of financial writers have been anticipating discussion of QE III or QE III Lite which clearly were never even on the Fed Chief’s radar this week....

During the past few years, The Federal Reserve has engaged in a “deliberate inflating policy.” This policy earned disfavor, both at home and abroad. Robert Prechter said this in the July Elliott Wave Theorist: “Foreign powers have been irate over the Fed’s deliberate inflating policy. At its outset, QE2 generated ‘a chorus...

Courtesy of Mish  President Obama is in Fantasyland or in some alternate universe. He wants to strengthen the housing market provided The plan helps a broad swath of homeowner The plan stimulates the economy The plan costs next to nothing So says the New York Times in U.S. May Back Refinance Plan for Mortgages The Obama administration is considering...

by Karl Denninger So many to choose from this week…. Buffett and BAC (which I already wrote on), Bernanke’s continued mendacity and of course the destruction of real liquidity in the markets due to all the gaming and schemes that the “Wall Street Capitalists” have engaged in over the last few years. But today’s column...

by Tyler Durden The financial press has been inundated with articles comparing what is happening in global markets now to events in the latter part of 2008. Sure enough, the surge in Treasurys from 100 to 143 in the last two months of 2008 following the Lehman bankruptcy is most comparable to the move in the same security from 122 to 140 in the two...

By Bud Conrad, Casey Research The Fed surprised the market by extending its policy of 0 to 0.25% Fed funds rate to mid-2013. The way the Fed manages to drive rates lower is to buy Treasuries with newly created money – driving the price up and the rates down. The big question is whether the policy will have a sizeable effect on markets. The chart below...

by Tyler Durden Bottom line: nothing now, QE3 now expected to be delivered Sept. 20? or not… BERNANKE SAYS FED HAS LIMITED ABILITY TO ENSURE LONG-RUN GROWTH BERNANKE DOESN’T SIGNAL NEW STEPS FOR PROMOTING U.S. GROWTH BERNANKE SAYS EXTRA DAY TO ALLOW `FULLER DISCUSSION’ OF TOOLS BERNANKE SAYS FED TO EXTEND SEPT. FOMC MEETING TO TWO...

by Tyler Durden One of the oddities that seemed out of whack in this morning‘s weekly Unemployment Claims update was the explanation for the spike in this week’s receipents of government generosity: apparently it had to do with the BLS handing out weekly benefits checks to striking Verizon workers. We will repeat the key word from that sentence...

The past month investors have been hit hard from the falling stock market. Those who owned gold and bonds have been rewarded. During times of economic fear which leads to selling of stock shares investors and traders find safety in gold and bonds. It was this surge of money coming out of stocks that propelled the price of gold and bonds sharply higher...

Apple has a great business model and Steve Job’s resignation is truly unfortunate. Although I might not agree with all of Apple’s business practices; they have indeed been highly successful and raised the technology bar for the whole industry…and we have all benefited. Apple is the most profitable American Company with $7 Billion profit...

by Tyler Durden To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman...

By Jeff Clark, Casey Research Is the mania here? When most investors hear the word “mania” they think of a runaway market induced by greed. You know, that animal-like instinct we all occasionally feel, the one promising riches from a market on a rip-roaring tear. Gold is up 28% since July 1, a mostly one-way rocket ride that’s transpired in just...

By Eric McWhinnie It was an ugly day for precious metals (NYSE:DBP).  On Tuesday, gold (NYSE:GLD) and silver (NYSE:SLV) both fell as the Dow (NYSE:DIA) gained the most points in two weeks. Gold dropped the most in a year after reaching a new nominal high of $1917.90 per ounce.  Silver also declined and reached a session low of $41.50 before rebounding...