Tag Archives: newslettersent

  Swiss Franc Currency Index After a certain recovery in the last month, the Swiss Franc index lost ground again in this month. It is down one percent for this month, while the dollar index is up one percent. Trade-weighted index Swiss Franc, February 25(see more posts on Swiss Franc Index, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the...

  The Technical Picture – a Comparison of Antecedents We wanted to post an update to our late December post on the gold sector for some time now (see “Gold – Ready to Spring Another Surprise?” for the details). Perhaps it was a good thing that some time has passed, as the current juncture seems particularly interesting. We received quite a few mails from friends and readers recently, expressing concern about the...

  Impossible Bills BALTIMORE – The tweet was never sent and never received:  “Lying Otto von Bismarck set us up for bankruptcy! What was he thinking? Sad!!” Instead, Mr. Trump said last weekend that, far from trying to curb the promises and cut the costs of the welfare state, he was nearly ready to unveil a plan to replace Obamacare with something better: a plan that would provide “insurance for everybody.” The “iron...

Swiss Franc EUR/CHF - Euro Swiss Franc, February 24(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is finishing the week on a mixed note in choppy activity in narrow ranges. It is an apt way to finish this week, which has been largely directionless as investors wait for fresh incentives, and are especially looking toward Trump’s speech to a joint session of Congress next week. It is...

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. Federal Funds Target RateThe above image from the New York Times article A History of Fed Leaders and Interest Rates. - Click to enlarge Here’s an alternative view courtesy of @HedgeEye. - Click to enlarge Let’s take the fist chart and see what correlations exist between...

Gold up 1.5% in euros and dollars this week Silver up 1.4% this week and now up 14.3% and is the best performing market YTD Gold up 9% year to date – fourth consecutive higher weekly close and breaks resistance at $1,250/oz Gold up 9.4% in euros year to date as Le Pen’s lead in polls widened Gold up another 6.4% in sterling pounds year to date as ‘Hard Brexit’ looms French and Dutch elections pose risks to Eurozone...

  Goodbye, Socialist Paradise Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs.  The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous tax rates, the oppressive regulatory burden, and the genuine kookiness...

Exterminating Angel LOVINGSTON, VIRGINIA – Amid all the sound and fury of the Trump news cycle, hardly anyone noticed. There is a specter haunting this economy. It is the specter of inflation… Bloomberg has the report: The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum. The...

Swiss Franc EUR/CHF - Euro Swiss Franc, February 22(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound has made good gains against the Swiss Franc this morning with rates for GBP CHF now sitting at 1.2650 for this pair. The pound seems to have found support as the Brexit bill is still expected to pass through the House of Lords next week when the bill comes under additional scrutiny. There is a...

  See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Fundamental Developments Last week, the prices of the metals mostly moved sideways. There was a rise on Thursday but it corrected back to basically unchanged on Friday. This will again be a brief Report, as Monday was a holiday in the US. Below, we will show the only true picture of the gold and silver supply and demand...