Another day, another week, another month and another quarter. It is hard to believe that we have now reached the halfway mark for 2013 and it has been anything but boring. The next quarter should be just as volatile as the German elections take center stage and political uprisings are beginning to change the international landscape. The unemployment data from the U.S. will bring even more volatility than usual as the FED has now raised the importance of JOBS as the mainstay financial focus … again. As Europe debates a unified banking system, one gets the feeling that EU banking problems are simmering just below the surface and the issue of BAIL-INS is making large depositors extremely nervous. The GOLD has been thrown overboard as the instrument of being a store of value, but as the $1200 level succumbed to selling pressure, the SILVER and PLATINUM performed admirably.
Posts Tagged ‘gold/yuan cross’
Notes From Underground: Last Week’s Two Biggest Losers
June 27, 2013Notes From Underground: Bernanke Channels Eric Burdon, “I’m Just a Soul Whose Intentions Are Good, Please Don’t Let Me Be Misunderstood”
June 26, 2013As the markets attempt to recover from the Bernanke press conference and the threats of Chinese forcing an economic slowdown, the spinmeisters are out trying to “TAPER” Chairman Bernanke’s words. It seems that Jon Hilsenrath and others are saying that the markets have misinterpreted the chairman’s words. So, the pundits and talking heads are correct and the markets are wrong. It seems that many bloviators insist Bernanke was not saying when, just throwing it out there and testing the waters. Not one talking head has raised the idea that Chairman Bernanke was unnerved by the work of fellow academic and Fed Governor Jeremy Stein and remove some of the overheating in the credit markets. After all, the SPOOS have held reasonably well in the face of global political upheavals, rising interest rates and the looming fears of deflation.