China's manufacturing PMI plunged to a 32-month low of 47.7 and is in contraction. China's real estate sector is in shambles. Chinese demand for commodities will drop, putting pressure on exporters like Australia and Canada. Global trade will suffer.
Watch JJC. Up on Friday but can't stay up long after China real estate crashes.
Saturday, December 10, 2011
Wednesday, November 30, 2011
Reality
Today the stock market went up many many points. Why? Because the world's central bankers put out a press release that they could solve the world's problems with . . . wait for it . . . swaps.
Nothing has changed. Greece still cannot pay its debts. The PIGS are still in a poke.
However, the good old American dollar is now somehow the darling of the world. Remember when OPEC was going to trade oil in Euros? Remember why the gold bugs have driven the price of gold so high? (Because the flood of currency in the world will create impossible inflation)
Now is a really good time to evaluate all stock positions. If you have high gains, put close stops in and sell. When the bottom drops out, and it will, you can't catch the gains you've made.
Nothing has changed. Greece still cannot pay its debts. The PIGS are still in a poke.
However, the good old American dollar is now somehow the darling of the world. Remember when OPEC was going to trade oil in Euros? Remember why the gold bugs have driven the price of gold so high? (Because the flood of currency in the world will create impossible inflation)
Now is a really good time to evaluate all stock positions. If you have high gains, put close stops in and sell. When the bottom drops out, and it will, you can't catch the gains you've made.
Reality
Today the stock market went up many many points. Why? Because the world's central bankers put out a press release that they could solve the world's problems with . . . wait for it . . . swaps.
Nothing has changed. Greece still cannot pay its debts. The PIGS are still in a poke.
However, the good old American dollar is now somehow the darling of the world. Remember when OPEC was going to trade oil in Euros? Remember why the gold bugs have driven the price of gold so high? (Because the flood of currency in the world will create impossible inflation)
Now is a really good time to evaluate all stock positions. If you have high gains, put close stops in and sell. When the bottom drops out, and it will, you can't catch the gains you've made.
Nothing has changed. Greece still cannot pay its debts. The PIGS are still in a poke.
However, the good old American dollar is now somehow the darling of the world. Remember when OPEC was going to trade oil in Euros? Remember why the gold bugs have driven the price of gold so high? (Because the flood of currency in the world will create impossible inflation)
Now is a really good time to evaluate all stock positions. If you have high gains, put close stops in and sell. When the bottom drops out, and it will, you can't catch the gains you've made.
Friday, May 6, 2011
Ok, I'm not that popular
I see that only two people have looked at my blog.
Now that I am a perfect predicter, maybe there'll be more traffic.
Now that I am a perfect predicter, maybe there'll be more traffic.
Commodity prices plunge
Look out. Don't be the last to buy at the top.
Wall Street Journal today, "Commodity Prices Plunge." Silver off 8%, crude off 8.6%, cotton down 4.5%. What goes up must come down.
The dollar probably will be stronger.
Wall Street Journal today, "Commodity Prices Plunge." Silver off 8%, crude off 8.6%, cotton down 4.5%. What goes up must come down.
The dollar probably will be stronger.
Friday, April 29, 2011
Gold and silver
In 6 months people will be lamenting being the last person to buy gold or silver at the highest prices in history.
Monday, May 18, 2009
Wedding
Congratulations to my son Clark and his bride Katie, getting married May 23, 2009. I'm in the know, and they will have a great marriage!
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