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$81 Billion Bonds On Deck Next Week, $142 Billion In Total
The push to extend maturities begins: next week we are seeing 3, 10 and 30 year coupons. No 5 and 7's, which should make the bond bulls nervous.
Additionally, $30 billion in 13-week and $31 billion in 26-week Bills next week. Also next week 4 more Bill auctions will be announced: 4, 13, 26 and 52 weeks.
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And the bubbling foreign interest in Gold needs to be suppressed.
Ben will be busy as a one armed paperhanger in a raging typhoon.
At least we have an exit window for 30s...
Tyler, can you confirm that by your spreadsheet/maturity calculations, the Fed/Treas will have to roll over about $3 trillion in calendar year 2010? Question: is that $3 tril figure a net figure, or it in addition to new issues for new indebtedness? I passed along those figures to someone who was absolutely incredulous that the USA could be in that deep of a sinkhole. Yet there today is good ol' Paul K. at the Times calling everyone misguided who thinks worrying about the deficit should be a reason to back away from another $1 tril stimulus.
"Government - Redefining stupid, daily."
Not to worry. The Fed, or more likely several of their shills, will gladly gobble up this "paper".
So the market will slump and the dollar will "find strength." Check.
We'll probably have several MSM reports of markets declining as "investors worry about employment" and "nervousness ahead of crucial retail sales numbers"
To my mind, it explains why the markets drifted up today...
What is the best way, also the cheapest way, to buy physical gold? Any thoughts or experiences are welcome.
Buy Swiss .9999 pure gold bars called "biscuits". Available in 10, 20, 50 & 100 gms plus 1 kilo.
Minted by various Swiss banks. Any reputable bullion dealer should have them. Premium is usually 5% over the spot gold price.
EBAY!
but i would not recommend it
try http://www.millenniummetals.net/
Dude - Wait for and buy a dip. It's almost like walking into a car dealer during the peak of Cash For Clunkers right now.
I've done business with both:
APMEX: http://www.apmex.com/
and Bullion Direct: https://www.bulliondirect.com/index.jsp
Timing: Buy the dips to help compensate for the premium paid on the metals.
Secure a 1-800 number and PO box. Buy some air time on the Trailer Park Network (Fox), with catchy pitch line, you'll soon have more gold than you know what to do with.
Expect more stealth QE. How much of the sale will be purchased by primary dealers, then recycled back to the Fed (quietly of course) within a few days? No failed auctions allowed!
hidingfromhelis
goldmoney works well
Expect the dollar to be up next week.
Sell before the auctions. Buy afterwards. It's a pattern that has played out for the past few months. Given the skiddish economic data floating around the world (and the relatively cheap price of Treasurys right now, given current exchange rates), U.S. debt won't be going out of vogue just yet.
The last auction - 2 weeks ago, I believe - actually had better demand than any auction so far this year. BUT, all hell might break loose when those 30's don't move...