Gold's Breakout Signals Monetary Policy Too Loose - Ep 950

* Today U.S. stocks extended their losing streak to 9 consecutive days * We haven't had a losing streak this long since 1980 - that was 36 years ago * 8 consecutive down days last took place in th...

4 Marras 201627min

* Today the possibility of a Fed rate hike in December rose about 10 points * We're now at about an 80% probability, at least the way the markets assess the odds * That the Fed will raise rates in...

3 Marras 201629min

* Yesterday we finally got the release of the initial estimate for Q4 GDP * The Atlanta Fed had originally come out with an estimate of about 3.8 and had steadily reduced their estimate * They got...

29 Loka 201636min

* The odds of a  December rate hike continue to ratchet up above 70% * We had a parade of Fed officials, most recently again today coming out and talking about why a December rate hike is a good ide...

25 Loka 201647min

* The official probability of a December rate hike continues to diminish over the last several days * The markets had the rate hike at about a 70% probability; now we're down to about 60% * Person...

19 Loka 201647min

* It's another week where the dollar remained relatively firmly bid; the dollar index closing just above 98 * Gold prices seem to have a lid on them; they closed down today about $7 * Gold's not r...

15 Loka 201640min

* The most highly anticipated presidential debate in history is over and to me, the anticipation was more like a highly-promoted professional boxing match * Right away, as soon as the debate was ove...

10 Loka 201648min

* This morning the government released the most important, the most highly-anticipated economic release of the month * At least that's what everybody who trades in just about any market believes *...

8 Loka 201632min