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Markets
Yen Pushes Euro Out Of The Spotlight; Brazil and Singapore Also In View
Highlights The US dollar was mostly softer vs. the majors, but EUR/USD was sidelined for a day as the yen was the big mover on political uncertainty (see below). We believe the euro bear trend remains intact, but that the pace of…
Give unto Caesar – What to Pay When You’re Selling
By: Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Proper planning with your finances is incomplete until you consider the endgame consequences of your investment decisions today. So, what are the tax consequences of selling…
More About Japan and the Yen
The yen is drifting lower in the North American morning. If at first in response to the resignation of Prime Minister Hatoyama the yen was sold on political uncertainty, it may be being sold because of uncertainty appears to be…
Resignation of Japan’s Prime Minister Puts Yen Center Stage
Highlights The US dollar is little changed against most of the European currencies and within the dollar-bloc as a consolidative phase is emerging. The yen is center stage today following the resignation of Japan’s prime…
Hugh Hendry: Eclectica Fund Management Commentary, May 2010
The PDF of Hugh Hendry's letter to investors is embedded below. Enjoy. Eclectica Monthly Letter 2010 05
Euro Remains Unable To Sustain Rallies
Highlights The US dollar was mostly firmer vs. the majors. EUR/USD made a marginal new low for the cycle at 1.2111, helped by rumors about France (see below) but then spiked higher during North American trading before closing lower…
What do present large profit margins mean for stocks?
US corporate profit margins reached a half-century peak with the housing bubble. As in most recessions, margins fell. But, this time they fell precipitously, only to snap back to near that 50-year peak. The chart above from David…
RBA Sits Tight But Bank of Canada Moves 0.25% As Expected
Australia The Reserve Bank of Australia met earlier today and as widely expected kept the official rate steady at 4.5%. The tone of the statement was fairly neutral, as one might expect after 6 rates hikes since last October and…
Dollar Strong on Continued Concerns over European Debt
Highlights The US dollar has begun the new month off on strong footing against both and emerging market currencies. The yen is the sole exception. There are three drivers today. The first is economic data from China and…
Is Gold Just Another Fiat Currency?
Below is a clip from Sky News which demonstrates that a Gold Rush is developing in China, with many now distrustful of fiat currencies. China is now the number one consumer of gold. But all across the world, we are witnessing the same…