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Yen Runs Into a Roadblock, Euro Flat | LiveCharts.co.uk

Yen Runs Into a Roadblock, Euro Flat | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
After posting a, intra-day high at 88.40 last week the Japanese Yen has begun this week by correcting slightly.  As I write this the Yen is flirting with the
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How JPMorgan's $5 Million Loss Rose 80-Fold In Minutes After "A Confrontation Between Traders" | Zero Hedge

How JPMorgan's $5 Million Loss Rose 80-Fold In Minutes After "A Confrontation Between Traders" | Zero Hedge | The Truth Behind the Headlines | Scoop.it
"April 10 was the first trading day in London after the “London Whale” articles were published. When the U.S.

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Gold Breakout In Process, Thanks To Germany

Gold Breakout In Process, Thanks To Germany | The Truth Behind the Headlines | Scoop.it
The announcement by the Bundesbank of their intention to repatriate a portion of their gold reserves held in foreign central bank vaults is the beginning of the next phase of not only the gold bull market but the global curre...
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Gold Closes over $1680, Sets Up Bullish Breakout | LiveCharts.co.uk

Gold Closes over $1680, Sets Up Bullish Breakout | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
I'll make this brief.  If gold closes above $1678.50 tomorrow then that is a bullish 2-bar reversal on the weekly chart which cannot be ignored.  Considering
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Debt Ceiling Fears Simply Theater For Gold Bears

Debt Ceiling Fears Simply Theater For Gold Bears | The Truth Behind the Headlines | Scoop.it
Markets trade off of a strange mix of rumor, hard facts, and innuendo.
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Silver Technicals Jan 11th 2013 - Tom Luongo - Seeking Alpha

Silver Technicals Jan 11th 2013 - Tom Luongo - Seeking Alpha | The Truth Behind the Headlines | Scoop.it
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E.C.B. Holds Rates, Sends Gold, Commodities Higher | LiveCharts.co.uk

E.C.B. Holds Rates, Sends Gold, Commodities Higher | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
The E.C.B.'s latest policy meeting ended with the central bank not bowing to pressure from choking banks to lower interest rates and held the benchmark lending
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Krugman-in-Wonderland: Moral Obligation Fraud

Krugman-in-Wonderland: Moral Obligation Fraud | The Truth Behind the Headlines | Scoop.it
Tom Luongo's insight:

Bill Anderson does a great job here of explaining just how stupid and nakedly villainous Paul Krugman truly is.  I'm sure the sycophants in the NYT comments section are falling all over themselves to kiss his ring... b/c he's so, ya' know, smart and stuff.

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Don't Believe The Hype In Gold

Don't Believe The Hype In Gold | The Truth Behind the Headlines | Scoop.it
The minutes from the December FOMC meeting created a firestorm across the markets this week, which caused rumblings in nearly every market that matters -- from oil to bonds TLT to gold.
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Gold Has Outperformed Housing By 600% Since 2001

Gold Has Outperformed Housing By 600% Since 2001 | The Truth Behind the Headlines | Scoop.it

Anyone predicting that gold would outperform housing in 2001 would likely have been viewed as being seriously deranged.  After all, housing prices had increased for decades and by the peak of the housing market in 2007, real estate was believed to be a "can't lose investment."  The mantra that housing values only go up proved to be disastrous for many Americans as the over-leveraged real estate market imploded, shattering the wealth dreams of both naive homeowners and investors.

 

Despite the trillions of dollars of direct support from ...


Via Hal
Tom Luongo's insight:

In 2001, that is exactly what I said.  Gold would vastly outperform housing in the long term.  I was a neophyte back then and could see the market for what it was.  And yes I was called all manner of variations on 'seriously deranged.'

 

 

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Hal's curator insight, December 28, 2012 10:33 AM

Click through for the other chart.

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Gold Spikes Down to $1650 on Multiple Signals | LiveCharts.co.uk

Gold Spikes Down to $1650 on Multiple Signals | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
I'm watching the gold market right now and $1650 has been reached this morning.  There is still nearly two full sessions until options expiration tomorrow so
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Gold Rises in Asian Trading, Fades on COMEX | LiveCharts.co.uk

Gold Rises in Asian Trading, Fades on COMEX | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
If you watch the Gold market everyday like I do you will begin to notice when the market does things differently than it did recently.  For the past 2 months...
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Gold Ends November Down $4 for the Month | LiveCharts.co.uk

Gold Ends November Down $4 for the Month | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
A continued assault in the Gold pits today ensured that Gold ended the month of November down $4 over the opening price.  For the technical guys out there...
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#Silver Smackdown – 100 Million Ounces

#Silver Smackdown – 100 Million Ounces | The Truth Behind the Headlines | Scoop.it

I wish I could say I'm surprised about any of this anymore... but even the magnitude of the desperation seems to have'gone plaid!"


Via Graham Jervis
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Gold Stutters then Blasts towards $1700 | LiveCharts.co.uk

Gold Stutters then Blasts towards $1700 | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
Thanks to the Bundesbank and a request from one of the major political parties in The Netherlands gold was able to shrug off the take down on the COMEX open
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My Blog

My Blog | The Truth Behind the Headlines | Scoop.it

Via Graham Jervis
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Germany Wants Their Gold Back | LiveCharts.co.uk

Germany Wants Their Gold Back | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
The significance of this can not be over-stated.  This is a breakdown of trust between Germany and those who have held their sovereign gold reserves for the
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Euro Holds Gains From Breakout, Oil Firms | LiveCharts.co.uk

Euro Holds Gains From Breakout, Oil Firms | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
The Euro completed an important week of trading last week with a close above the important $1.33 level, which, after the ECB policy meeting and successful
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Silver Is Not Quite Ready To Rally

Silver Is Not Quite Ready To Rally | The Truth Behind the Headlines | Scoop.it
I believe in assessing the fundamentals of a market before even considering whatever trading opportunity it represents.
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Commodities Firm on Oil Data | LiveCharts.co.uk

Commodities Firm on Oil Data | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
The commodity complex was firm again today after the latest U.S. oil inventories were released.  While this data is more important for the price of West Texas
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Yen Runs Into a Roadblock, Euro Flat | LiveCharts.co.uk

Yen Runs Into a Roadblock, Euro Flat | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
After posting a, intra-day high at 88.40 last week the Japanese Yen has begun this week by correcting slightly.  As I write this the Yen is flirting with the
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Notes From Underground: Policy Should Set Stock Prices. Imagine That

The ideas CNBC is spreading about the FISCAL CLIFF is just absurd. The addiction to higher stock prices has meant that a failure to get the equity market to rally due to falling off the“CLIFF” prevents quality policy from being attained. Going over the“CLIFF” will at least put spending front and center for we are all sure that taxes are going higher so the discussion must get to a genuine discussion about spending, and yes, that means serious cuts in the bloated defense sector. The FED‘s policy means that monetary policy will support the economy into the medium term and alleviate some of the pain from government spending cuts. It’s not drastic austerity but a realistic plan for dealing with rampant profligacy.

 

Many pundits and saltwater economists claim the global financial system is not worried about U.S. fiscal policy because the 10-year note yield continues to hover around 1.7%. This argument is preposterous because the price of U.S. debt is meaningless as long as the FED‘s continued QE and large-scale asset purchases (LSAP)continues to badly distort the market. The FED is now purchasing $85 billion a month in Treasury and MBS debt. When you couple that with the continued needs of insurance companies and pension funds, the pricing mechanism for DEBT is badly broken. To exemplify the issue, Bloomberg ran an article yesterday about ...


Via Hal
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Hal's curator insight, December 28, 2012 10:48 AM

Click through for the rest. A good read.

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Euro Ends Week Strong, Confirms New Uptrend | LiveCharts.co.uk

Euro Ends Week Strong, Confirms New Uptrend | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
The Euro confirmed last week's breakout with a closing price above the important $1.32 level which improves the probability that this latest move higher is a
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Google parks $10 billion in Bermuda, avoiding $2 billion in taxes — RT

Google parks $10 billion in Bermuda, avoiding $2 billion in taxes — RT | The Truth Behind the Headlines | Scoop.it
Google reportedly avoided another $2 billion in taxes thanks to outsourced banking, which has already dubbed "immoral" and an "embarrassment" in media as austerity budgets reshape Europeans' lives.

Via Hal
Tom Luongo's insight:

Good for them.  I'm not google's biggest fan but the U.S. government doesn't need anymore of their money to make our lives more miserable while google literally improves everything we do daily.

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Hal's curator insight, December 11, 2012 10:44 AM

Now why would they do that? Hmm? It is starting to sound to me like businesses in the US are not liking where the politicians are pointing.

Tom Luongo's comment, December 11, 2012 5:55 PM
they don't like it one bit. and the capital controls will only get worse, Hal.a
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Gold Surivives Assault — Ends Week at $1705 | LiveCharts.co.uk

Gold Surivives Assault — Ends Week at $1705 | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
Another bearish week for Gold as the bears clearly have the upper hand in this market.  The Bulls keep digging in their heels at important support levels but...
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Gold and Silver Hacked on Futures Expiration | LiveCharts.co.uk

Gold and Silver Hacked on Futures Expiration | LiveCharts.co.uk | The Truth Behind the Headlines | Scoop.it
I know that it must sound like a broken record but this literally happens so often anymore that it is beginning to defy description.  After watching a two day...
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