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$103 million a barrel for crude oil?
Google News had a funny/sad/scary mistake in its news feed on Sunday …. The mistake seems to be the fault of ConnectAmarillo.com, which still had the mistake headline in place as of 5:31 pm eastern...
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Germany Conquers Europe With Bankers, Not Panzers
Germany is finally accomplishing the conquest of Europe. The trick is this time, rather than use panzers, they used bankers. Unfortunately, their conquest threatens to leave Europe in ruins. Are the...
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Two Charts Worth Seeing
First, a chart from Bespoke Investment Group. it shows the AAII Bullish sentiment … The analysts at Bespoke write: “While bullish sentiment is usually considered to be a contrary indicator, we would...
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US Dollar Is Slip-Sliding Away
Boy, the chart of the U.S. Dollar Index is looking nasty. Every time it tries to find a toehold of footing, it slides lower, and lower. Take a look at a recent chart … Yesterday was touted as a...
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HoweStreet Interview on Junior Miners, Gold, the US Dollar and More
I talked to Phil at HoweStreet.com yesterday, about 5 things to look for in junior miners, Pan American Silver’s (PAAS: 11.39 -0.31 -2.65%) acquisition of Minefinders (MFN: 0.00 N/A N/A) and what it...
View ArticleChina’s holdings of U.S. bonds rise in January
China’s monthly trade surplus with the U.S. isn’t as large as it used to be, but China’s cash coffers swells with billions of new U.S. dollars every month. What’s China do with those news dollars?...
View ArticleChina allows for small currency appreciation
The Chinese government has widened the trading band that it permits the yuan to move between. China’s central bank will expand the daily yuan trading band against the U.S. dollar to 1% in either...
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The Currency Collapse That’s Happening Right Now
You may have heard warnings of a currency collapse. And one is happening now. But it’s not the US dollar or the euro — it’s the Iranian Rial. Here’s a chart showing how many Rial it takes to buy a...
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The Currency Crisis In Front of You — What History Tells Us
This past week, I’ve been documenting separate currency crises unfolding in Iran and South Africa. You can read my first post on Iran here. You can read my first post on South Africa here. Snazzy...
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A Pretty Freakin’ Amazing Chart
Want to see a pretty stunning chart? It’s a chart of borrowing costs in the United Kingdom. You might say it’s pretty darned cheap to borrow money in merry ol’ England. In facts, rates are at their...
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Aussie $ and Canadian $ Become World Reserve Currencies – Chart
Marketwatch has the story … The Australian and Canadian dollars, the world’s leading commodity-rich currencies, are being formally classified as official reserve assets by the International Monetary...
View ArticleAre you paying attention to the Korean won?
The Japanese yen gets most of the media attention but the Korean won has been on a roll. Since the beginning of the year, the South Korean won has risen by 6.4% against the U.S. dollar, 5.5% against...
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Chart of the Day– Price of Gold and Expansion of US Monetary Base
This chart comes from Waverly Advisors, via Business Insider Source: http://www.businessinsider.com/waverly-advisors-on-the-bull-case-and-the-bear-case-for-gold-2012-12 Combine that with the chart I...
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Will The US Dollar Pullback Go Deeper? Chart
Not long ago, the US dollar broke out to the upside, and everybody piled in for a rally. Well, we know how the market likes to punish consensus of opinion, and that’s what we saw last week, when, the...
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Dollar Breakdown Is Bullish for Gold Miners
Earlier this week, I posted a chart showing a potential retracement/support levels in the US dollar, working from the May low. (Updated chart) I had to add the last bar by hand due to Stockcharts’...
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