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  • Questioning China... Again!

    In This Issue..

    * Risk Aversion takes over...
    * Gold fails to reach all-time high...
    * Debasing is good?
    * Treasury yields plummet!

    Good day... And a Terrific Tuesday to you! Well, it looks like the hurricane in the Gulf will veer left, and avoid the 'spill area'... So, those guys working in the Gulf finally catch a break! The bias to sell dollars didn't last too long yesterday, about as long as it takes for an Albert Pujols home run to leave the park! This back and forth stuff is really beginning to give me a rash, folks...

    Yesterday, the selling of the currencies and metals began with Gold... The shiny metal had climbed to just above $1,260, but could not go further, and apparently, traders threw in the towel because Gold couldn't go past its all-time high of $1,266... Gold began to sell off and in the blink of an eye, it went from being up $8, to being down $14! OUCH!...
  • Japanese Investment Trusts To Buy A$'s?

    In This Issue..
    * Currencies recover from Discount rate hike...
    * Gold recovers too...
    * An idea for Greece...
    * Loonies fueled by Oil and Gold...

    Good day... And a Marvelous Monday to you! Happy Birthday George Washington! One of my fave past Presidents for sure! And I'm so excited about this, it can't wait until the last paragraph... How about that U.S. Men's Hockey VS Canada game last night? WOW! I had a reader ask me a couple of months ago why I didn't mention the U.S. Under 20 men's hockey Championship, which came against Canada... So there, hopefully I made up for that missing comment!

    Well... Front and Center this morning... Let's start with this... Consumer prices rose 0.2% in January, equaling the increases in December and November. Market expectations going into the report had been for a slightly larger 0.3% rise. Core prices surprisingly fell 0.1% in January following the 0.1% rise recorded in December and the flat reading in November. On a year-over-year basis, the overall CPI index rose 2.6% in December....