Archive - Aug 29, 2013 - Blog entry

Events Are Moving Quickly In Syria … Here’s What You Need to Know

It’s a big mistake. Maybe some might say that the Fed altogether is a mistake itself. But, it’s made some big, ugly mistakes that don’t bare thinking about and yet there’s no understanding why they took those decisions.

we are closer to the end of this rally than the beginning

And no matter what happens...

“It could create a domino effect of uncertainty”

The market is rallying today on August performance gaming. The talking heads will claim this move has something to do with fundamentals, but the reality is that the move up yesterday and today consists of fund managers doing whatever they can to end this month with their holdings as high as possible. Nothing else.

“…  gold is the hard currency of choice, and we expect for this trend to accelerate going forward. We still believe that in the next couple of years we will be looking at a gold price of around $US3,500. As the gold/silver ratio plummets near 30, this would also suggest a silver price above $US100.”

U.S. and British Intelligence Officials Admit they Don’t Know Whether the Syrian Government Or Rebels Used Chemical Weapons

The Fed's GDP forecasts are still too optimisitc even after the Q2 GDP revisions.  And the core PCE deflator is closer to zero than it is to the Fed's target.  Tapering still a done deal ?