Category Archives: Gold

All About Gold With Charlie Rose, James Grant & Co.

Posted on December 19, 2010 by macromon

Be sure to catch the must view Charlie Rose’s December 6 show on Gold with James Grant, editor of Grant’s Interest Rate Observer, John Hathaway of Tocqueville Asset Management,  and Peter Munk, chairman and founder of Barrick Gold. Click here … Continue reading →

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“A money-financed tax cut is…[a] ‘helicopter drop’ of money”

Posted on December 9, 2010 by macromon

Wow!  Sounds a lot like what the President and Congress just negotiated, no?  Tax cuts financed by QE2 and a possible QE3?  Break out the Apaches! Here is the excerpt from his famous  helicopter speech, given at the National Economist … Continue reading →

Posted in Budget Deficit, Commodities, Gold, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | 4 Comments

December 7th – A Rate Move Which Will Live In Infamy

Posted on December 7, 2010 by macromon

CNBC puts an interesting spin on the stock market sell-off and reversal in almost all commodities today, blaming the SEC insider trading probe.  We have a different view, believing it was the historic rise in long-term rates. Today’s 23 bps … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Commodities, Credit, Crude Oil, Economics, Equities, Fiscal Policy, Gold, Politics, Sovereign Risk | Tagged , , | 3 Comments

China Rate Hike This Weekend?

Posted on December 6, 2010 by macromon

The China Securities Journal, not citing a source,  says the timing is right for a rate hike this weekend.  It would be the second of the current tightening cycle.   Reuters reports, “With reference to the central bank’s record of … Continue reading →

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Gold Spike Coming? Straw BRICs to Gold BRICs

Posted on December 6, 2010 by macromon

There’s lots of chatter about China buying gold.  It was a big factor in Friday’s $30 move.  Jim Cramer was all over it, pounding the table the “secular trend” is not going away. The Wall Street Journal reported Friday, Data … Continue reading →

Posted in BRICs, China, Gold | Tagged , , | 4 Comments

ECB About to PIIG Out on Bonds. Gold to the Moon.

Posted on November 30, 2010 by macromon

Just a few short weeks after German Finance Minister Wolfgang Schaeuble criticized U.S. monetary policy with his “with all due respect, U.S. policy is clueless” statement, the FT reports the ECB is contemplating expanding its sovereign bond purchase program.  That … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Euro, Fiscal Policy, Gold, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment

Where is Gold Headed?

Posted on November 30, 2010 by macromon

In 1996, we visited the Bulgarian central bank at a time when the country was experiencing economic turmoil and a loss of confidence that the government could rollover its maturing debt.  After a long discussion on the domestic economy and … Continue reading →

Posted in Black Swan Watch, Commodities, Currency, Euro, Fiscal Policy, Gold, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 1 Comment

Republicans Pound Fed, “Lasso” Gold Rally

Posted on November 17, 2010 by macromon

On September 30th we wrote (click here)  of the “hard money inclinations” of the Republicans and how a electoral victory may put pressure on the Federal Reserve to reign in their money printing.  On election night, we also posted the … Continue reading →

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The Golden Technicals

Posted on November 15, 2010 by macromon

We closed out our gold position after last week’s failed bounced and ugly action. The trade is crowded and nervous about China tightening and European debt worries.  The levels we’re watching  to reopen the position is $1395 on the upside … Continue reading →

Posted in Gold | Tagged , , | 2 Comments

Jeremy Grantham CNBC Interview

Posted on November 11, 2010 by macromon

Run don’t walk to CNBC’s extended interview with Jeremy Grantham, chief investment strategist at Grantham Mayo Van Otterloo (GMO).  Click here for the interview. He begins commenting on the Fed’s attempt to stimulate growth through the  “wealth effect,” noting that … Continue reading →

Posted in BRICs, China, Commodities, Crude Oil, Currency, Equities, Gold, Monetary Policy, Policy, Whales | Tagged , , | 1 Comment