Thursday, September 2, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
Gold prices have been trending higher for the past six weeks and set a fresh two-month high on Wednesday. It’s my bias that in the coming weeks gold futures prices will establish a new all-time record high. The present record high is $1,270.60 [...]

Thursday, September 2, 2010
Stocks surged today on the back of positive US and China manufacturing data,even though construction spending was down in the states.  Amidst all the market pessimism today’s data was obvisouly greeted with open arms, however you shouldn’t be getting bullish just quite yet.  Technically we took out the previous high and stopped [...]

Thursday, September 2, 2010
[Alan Geik, whose razor-edged essays on our sordid political culture have gained him a loyal following at Seeking Alpha and other popular web sites, has been a lifelong student of frauds and scams, and so writing about this Era of Bailouts comes naturally to him.  In the essay below (which contains some [...]

Thursday, September 2, 2010
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EUR/USD
The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support.
The US ADP employment report was weaker than expected with a [...]

Thursday, September 2, 2010
Asian stocks had a good night as the US manufacturing PMI report gave some confidence about the world economy.  The ECB announced it will extend emergency lending operations to aid lending; this gave equities and the Euro a short term boost.  In the US, jobless claims fell to 472K, this close enough [...]

Wednesday, September 1, 2010
[Today’s guest commentary, by Ben Rositas, takes an elliptical path in arguing that dumb little laws and legalistic thinking have helped undermine the sort of  self-determination that alone can make real and lasting prosperity possible.  RA]
This is probably going to seem off-topic for a Rick’s Picks commentary, but I hope that it [...]

Wednesday, September 1, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
The first trading day of the month today finds investor risk appetite increasing, as stock and commodity markets are posting good gains, while the U.S. Treasury bonds and notes are seeing weaker prices. With so many expecting the next two months to be [...]

Wednesday, September 1, 2010
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EUR/USD
The Euro found support below 1.2650 against the dollar during Tuesday and rallied to highs just below 1.2750 during the US session. The Euro was unable to sustain the advance and re-tested support levels near 1.2650 during Wednesday.
The Euro-zone data was broadly in line with expectations and did not [...]

Wednesday, September 1, 2010
Chinese and Euro Zone PMI reports both came in better than expected. The Chinese PMI keeps hopes alive for the world economy.  The EZ PMI along with decent auction results of Portuguese debt is giving the euro big strength.  In the US, The Challenger report showed that planned layoffs are at their [...]

Tuesday, August 31, 2010
[Many readers have pointed out that our long-running discussion of deflation has tended to overlook the impact of price increases, or at least price stability, on essential goods and services. In the essay below, Robert Moore, a frequent contributor to the Rick’s Picks forum, explains how both type of “flations” can co-exist. [...]

Tuesday, August 31, 2010
Hello All,
We have our unemployment data to look forward to on Friday; however, it falls ahead of our labor day weekend so any fund manager not already on vacation will be squaring away over the next couple days.  Analysts expect our unemployment rate to rise 0.1% to 9.6%, but I have a [...]