The Nikkei and Hang Seng closed virtually unchanged in anticipation of the US lunchtime numbers. The Hang Seng was the best performing Asian index closing up 0.45%. It was always going to be about the US Payrolls even as Europe opened marginally better bid. Overnight we had seen the USD take a bit of a […]

Private Blog Update Dow – Gold – Silver – Crude

Asian equity trading was purely a follow-on from the US session retracing much the same issues and momentum. The Nikkei closed positive whilst attempting the stronger trend while the Shanghai trod water for most of the day, despite stronger than expected PMI data but then eventually lost all that in the final hour to close the day […]

Private Blog Update

The blood moon is a total lunar eclipse that results in the moon appearing in a copper red color. This event will be special since it is the fourth in a series of rare events within an 18-month period that began last April. The September 28 “Supermoon” eclipse will last some 72 minutes, reaching totality at […]

A weak session for Equities in Asia (Nikkei -2.7%), Europe (DAX -1.97%) and the US (DOW -0.5%)had Fund Managers searching for both answers and safe-havens. One market that benefited was the Bond Market with US Treasuries and Bunds both pushing yields back lower. The US 10yr managed a break below the 2.10% yield to a daily […]

Gold’s rally into the target weeks for the ECM appear to be linked to the potential crisis in European banking. This has nothing to do with the dollar, fiat, inflation, or whatever. The only reason gold rises is the hedge against real crisis and uncertainty. Gold may not be sustainable. We really need to see […]

Thomas Jefferson to James Madison 6 Sept. 1789 Papers 15:392–97 I sit down to write to you without knowing by what occasion I shall send my letter. I do it because a subject comes into my head which I would wish to develope a little more than is practicable in the hurry of the moment of […]

In Asia, the Hang Seng could not climb out of the red all day and eventually closed down –— 0.75%. As always, the Shanghai had a volatile session, initially opening higher, but spent the balance of the day making headway to close at the day’s high of 3157 (+1.91%). The Nikkei was closed for Respect for the Aged Day. Nikkei futures […]