With banks paying very little interest these days, investors have been seeking out ways to earn more than the paltry less than 1/2 percent that banks are paying on savings. The Federal Reserve has kept interest rates artificially low, hurting those seniors and other savers who don’t trust the stock or bond market with their nest egg. But some of …Read More
We Are Not Off to the Races Yet With Gold
Gold has had a nice bounce now off the bottom set in December of 2013, but are we off to the races just yet? Here is what I wrote last month where I concluded “we could go higher from here for a bit to trap more of the bulls who say the bottom is in.” We should start to see …Read More
Fed Quantitative Easing Coming to an End Sooner than Expected? Hardly!
The results of the Fed decision came in. No taper. But the stock market sold off that day and so did gold. Why? The answer may be found in the following article posted at CNBC where they state; “but markets interpreted language in the decision to mean that the end may come sooner than expected.” If markets and price action tell …Read More
Did Bernanke Implement QE Infinity to Save the Euro?
When the Euro was imploding earlier this year the dollar was the main beneficiary. With all the problems coming from countries like Greece, Portugal, Italy and Spain, the dollar was flew past 80 on the index and the Euro was in fact approaching its mid-2009 lows in the 118/119 range, an area I thought it would reach. But a funny …Read More