Category Archives: Gold

What is Spec? Baby, don’t hurt me, don’t me. No more!

Posted on September 29, 2010 by macromon

Molycorp (MCP) and the rare earthers are getting hammered again today on reports that China has lifted the ban on REEs to Japan.   [Schrödinger’s] cat is out the bag and to think it is business as usual is complete nonsense.   … Continue reading →

Posted in China, Commodities, Equities, Gold, Rare Earth Elements | Tagged , , | 1 Comment

The New Gold Rush?

Posted on September 28, 2010 by macromon

Rare Earth (REE) stocks,  including Molycorp,  got hammered today and we added a little to our position.  These  stocks are over extended as most are up over 100 percent in the past month. We believe this story has legs and … Continue reading →

Posted in Black Swan Watch, China, Commodities, Equities, Geopolitical, Gold, Rare Earth Elements | Tagged , | 3 Comments

The 10-year sets sail for 2 percent…

Posted on September 28, 2010 by macromon

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading →

Posted in Bonds, Credit, Currency, Equities, Gold | Tagged , , | Leave a comment

Soft Landing in the Chinese Property Market

Posted on September 26, 2010 by macromon

Andy Xie, the former Morgan Stanley economist and one smart dude, pens a great piece for Bloomberg on the Chinese property and reverses his previous view of an imminent crash. The fallout from a potential hard landing in China’ s … Continue reading →

Posted in China, Commodities, Gold, Whales | Leave a comment

What is the “correct” price for gold?

Posted on September 25, 2010 by macromon

Because the equilibrium price of gold is an unknown,  the yellow metal keeps running.  There is no real metric to determine its fundamental value — a real rate of interest and price-earnings or price to book ratio, for example.   … Continue reading →

Posted in Commodities, Gold | Tagged , | 1 Comment

Gold ATMs Arrive in Europe

Posted on September 25, 2010 by macromon

An ATM at the Westin Palace Hotel in Madrid dispenses gold for cash currency.   A similar machine was installed at the Emirates Palace Hotel in Abu Dhabi earlier this year.   We’ll  get nervous about our precious metal positions when we … Continue reading →

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