Category Archives: Gold

Monitoring the Armageddon Trade – Day 5

Posted on July 30, 2011 by macromon

Only one of the Four Horsemen of the our Armageddon Trade is misbehaving, that is, not confirming by moving in the wrong direction.  Stocks, which, some have touted as the new safe haven, have been hit the most and dollar … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Dollar, Equities, Gold | Tagged , , , , , , | Leave a comment

Monitoring the Armageddon Trade – Day 4

Posted on July 28, 2011 by macromon

Looks like the Four Horsemen of the Apocalypse spent the day watering their horses.  Not much happening in our Armageddon Trade today.  Gold, which is trading poorly,  bounced off the lows and stocks reversed a decent rally to close lower.   … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Dollar, Equities, Gold | Tagged , , , , | 1 Comment

Monitoring the Armageddon Trade – Day 3

Posted on July 27, 2011 by macromon

The Four Horsemen of the Apocalypse were split on the Armageddon Trade today.  Gold and the dollar diverged and were non-confirming, though stocks got hammered and took out some short-term technicals.  Bonds rallied off lows to close essentially flat.    … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Dollar, Equities, Gold, Sovereign Risk | Tagged , , , , | Leave a comment

Monitoring the Armageddon Trade – Day 2

Posted on July 26, 2011 by macromon

Still no panic, but lower.  The dollar took the biggest beating and looks ready to take out its May lows.  Only T-Bonds of the Four Horsemen of the Apocalypse moved contrary to what we call the Armageddon trade, where gold … Continue reading →

Posted in Black Swan Watch, Bonds, Credit, Currency, Dollar, Equities, Fiscal Policy, Gold | Tagged , , , , | 2 Comments

Monitoring the Armageddon Trade

Posted on July 25, 2011 by macromon

The following charts illustrate today’s performance of “The Four Horsemen” of our Armageddon trade, which we posted earlier.  That is, the markets were monitoring for large concurrent moves which would signal a loss of confidence in the U.S. government and … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Dollar, Equities, Gold | Tagged , , , , | 2 Comments

The Armageddon Trade

Posted on July 24, 2011 by macromon

Here are the four markets we do not want to see large concurrent sustained moves in the direction as illustrated. (click here if picture is not observable)

Posted in Black Swan Watch, Bonds, Currency, Dollar, Equities, Gold, Politics, Sovereign Debt | Tagged , , , , | 8 Comments

Is Gold Money?

Posted on July 13, 2011 by macromon

During today’s Congressional testimony Fed Chairman, Ben Bernanke, was confronted by Rep. Ron Paul with the question, “Is gold money”?  (see video below)  The Chairman answered, “no” and went on to say the reason why central banks hold gold is … Continue reading →

Posted in Black Swan Watch, Crude Oil, Currency, Dollar, Gold, Monetary Policy, Video | Tagged , , , | 15 Comments

Gold’s Perfect Storm? Nears All-time Closing High

Posted on July 12, 2011 by macromon

Gold is creeping higher as many believe it is the only place to hide.  Cash gold is near its all-time closing high of 1563.20 on April 29th and closing in on its May 2nd intraday high of 1575.10.   We find … Continue reading →

Posted in Commodities, Dollar, Euro, Gold, Sovereign Risk | Tagged , , , | 4 Comments

Did the Gold/Silver Ratio Signal Risk Off?

Posted on May 23, 2011 by macromon

Many have written about the gold/silver ratio as a leading indicator of risk and equity appetite (see here and here) so we won’t take your time explaining the relationship.   We do point out in our chart the speculative blow … Continue reading →

Posted in Black Swan Watch, Charts, Equities, Global Stock Performance, Gold | Tagged , , , | 2 Comments

The Weekend Read: Gold Fever!

Posted on April 29, 2011 by macromon

In my theory of reflexivity I assert that the thinking of economic agents serves two functions. On the one hand, they try to understand reality; that is the cognitive function. On the other, they try to make an impact on … Continue reading →

Posted in Gold, The Weekend Read | Tagged , , , , | 5 Comments