So this is what it feels like in an inflationary melt up. House prices were up 6.2% in the third quarter over the same time last year, according to data from the Australian Bureau of Statistics. House prices in the capital cities are surging. Stocks are surging. Gold and oil ...read more

The Fed’s been carrying on with its wayward monetary policy. And it's carried on with the carry trade by keeping short-term rates low. In deciding to make hardly any changes to its interest rate policy or even the language from its last statement, the Fed is encouraging traders to resume the ...read more

The dollar’s days are numbered…but there’s going to be a lot of movement both up and down before its ultimate demise. Pound up... Euro down… Aussie pulling back… Canadian giving way… Yen losing ground… October is coming to an end, and we haven’t really seen hide nor hair of any terrifying market moves or monstrous returns ...read more

This week, the price of gold touched $1,040 per ounce while silver took a ride to now over $17 per ounce. It seems like the gold and silver run-up caught the politicians and monetary authorities by surprise. The lookouts were napping up in the crows’-nest. Then the golden alarm clock ...read more

The last week has handed us some interesting developments once more, and as we pause to catch our breath again this week, we’ll make note of the important underlying currents and what they may mean going forward. The Pause That Refreshes We saw a short reversal in the recovery trade that has ...read more

You know that I like to try to keep you on top and ahead of the new trends that are developing in the currency world. This is the best way to profit early and well (although sometimes the timing isn’t exactly perfect!). Today I have something new for you that I ...read more

I am very confident in the fall of the euro, despite the obvious and fatal problems with the dollar. Remember that currencies, because they are fiat by nature, are political things. While it is the fundamentals that drive them, one of the overarching problems in our market is the absence ...read more

The BRIC countries (Brazil, Russia, India, China) had a much-ballyhooed meeting to discuss global economics and shake their fists at the U.S. powers that be for crushing their U.S. investments. We have commented on their plans and purposes on numerous occasions. Now that the meeting has come and gone, let's take ...read more

Your editor is as rueful as can be today, Shooters…absolutely full of rue… I’m like a former child star, tidying up the cell he shares with his prison boyfriend and wondering where it all went wrong... How many of you are wondering on this latest April 15 — as I am — ...read more

For the first time since the Enron debacle, Americans finally joined hands to hate something worthwhile. Instead of worrying about the Ten Commandments on a courthouse’s steps or a Super Bowl halftime show’s costume malfunction, we had a legitimate outcry from America’s poorest 95%. AIG was greedy and people got ...read more