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Gold Jumps 1% in 30 Mins on Weak US Jobs Data

Jul 8th, 2011 | By brinvest | Category: Pinnacle Professors

London Gold Market Reportfrom Ben TraynorBullionVault U.S. DOLLAR gold bullion prices responded to Friday's disappointing US non-farm jobs data by soaring 1% in less than 30 minutes to $1542 per ounce – the highest level for two weeks.Stocks and commodities dipped while US Treasury bonds gained after news that the US economy only added 18,000 non-agricultural jobs in June, less ... [more]



Commodities Upleg Cycles

Jul 8th, 2011 | By brinvest | Category: Pinnacle Professors

Thanks to their powerful decade-old secular bull, commodities are growing increasingly popular among investors and speculators.  Naturally the prudent ones are always looking for insights to optimize their timing in buying low and selling high.  Knowledge of this bull’s upleg and correction cycles helps define probability bands for future trade timing.Measuring commodities as a group is far more problematic ... [more]



Feds Force State & Local Government Insolvency

Jul 8th, 2011 | By brinvest | Category: Pinnacle Professors

By Daniel R. Amerman, CFA Overview The eventual insolvency of many or most state and local governments in the United States, as well as of many major corporations, can be relatively easily shown to be the necessary mathematical byproduct of current US federal monetary and economic policy.   For decades, state and local governments ... [more]



The Psychology of Bond Investors

Jul 7th, 2011 | By brinvest | Category: Pinnacle Professors

 Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low bond yields as proof that our philosophy does not hold water. We argue that as the United States takes on ever more debt and prints greater quantities of dollars, that buyers of our debt ... [more]



Politics of Default: Roadmap to Debunk the Dollar

Jul 7th, 2011 | By brinvest | Category: Pinnacle Professors

We were one of few who defended the euro when many pundits predicted parity to the U.S. dollar in the spring of 2010, when Greece’s issues first came to the fore. Since then, Old Europe’s currency has had a dramatic comeback, although not without significant jitters along the way. A roadmap is playing out that may lead the euro ... [more]



Update: Near Term Outlook for the US Dollar

Jul 7th, 2011 | By brinvest | Category: Pinnacle Professors

Of late, trading sessions in which general equities rise in tandem with the Dollar have been few and far between. Wednesday provided one such occurrence. As we all know, one day does not constitute a trend. The dollar bounced nicely off Tuesdays turn-bar, and is attempting to reclaim trade above the solid green trendline, ... [more]



Equities: What’s Next?

Jul 6th, 2011 | By brinvest | Category: Pinnacle Professors

I define the price cycle as the path that prices take from low to high and back again, and I use investor sentiment to help me characterize where we are in the cycle. For example, if prices are at their highs, then most likely investors are bullish; conversely, if markets are getting slammed, ... [more]



Gold Up 2% on Week, Portugal Catches "Eurozone Plague", Obama Prepares for "Fruitless" Debt Ceiling Discussion

Jul 6th, 2011 | By brinvest | Category: Pinnacle Professors

London Gold Market Reportfrom Ben TraynorBullionVault WHOLESALE MARKET gold bullion prices held steady around $1517 per ounce for the bulk of Wednesday morning London time – 2% up from Friday's close – while stocks and commodities slumped and US Treasury bonds gained after Portugal saw its sovereign debt downgraded to junk.News of a Chinese interest rate rise, however, saw the gold ... [more]



20 Warning Signs Of A Global Doomsday

Jul 6th, 2011 | By brinvest | Category: Pinnacle Professors

Worries of a Lehman-like financial crisis spreading through Europe and the world has made Greece talk of the market lately. Not to let Greece dominate the spotlight, the U.S. debt ceiling debate is also getting to be as traumatic since a failure to raise the debt ceiling could mean imminent default and credit downgrades for the United States sovereign ... [more]



August 2 – Hard Cap or Soft?

Jul 6th, 2011 | By brinvest | Category: Pinnacle Professors

Treasury Secretary Geithner has indicated that no options for avoiding a default by the US will be available after August 2.  Is this really a hard cap or simply a way of holding the Congress’ feet to the fire to get an extension of the debt ceiling?  It is now widely understood and has been reported in the press ... [more]