Tag: Guest Bloggers

Why the Dam is Finally Breaking on the US Dollar

Posted on by The INO.com Team

Maybe Iran wants a bomb. Maybe not.

But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight.

That was a reckless decision at best. It opens the door to alternatives... alternatives that Russia, China and India – all major dollar holders – may just like better. Continue reading "Why the Dam is Finally Breaking on the US Dollar" →

The Gold & Silver Speculator

Posted on by The INO.com Team

The Gold & Silver markets spent yet another quiet week languishing in the summer doldrums essentially going nowhere fast with prices tightly bound within tiny ranges and even weaker trading volumes.

Bulls and Bears alike seem content to wait things out to see just whether something of significance will come to pass 2 weeks from now at month’s end during the Jackson Hole Symposium and ECB Policy Meeting.

For now, “The Song Remains the Same” (Markets = Dead Calm) as both sides of the trade sit idly “Waiting On a Friend.” (Bernanke QE On/Off?) Or “Waiting For the Sun.”(ECB Bailouts) (Thank you to The Led Zeppelin, The Rolling Stones, and The Doors) Continue reading "The Gold & Silver Speculator" →

Big Changes Ahead: Gold Just Became Money Again

Posted on by The INO.com Team

By Doug Hornig, Casey Research

On June 18, the Federal Reserve and FDIC circulated a letter to banks that proposes to harmonize US regulatory capital rules with Basel III.

BASEL III is an accord that tells a bank how much capital it must hold to safeguard its solvency and overall economic stability.

It's a global standard on bank capital adequacy, stress testing, and market liquidity risk.

Here's the important bit: Continue reading "Big Changes Ahead: Gold Just Became Money Again" →

The Pussy Riots in Russia

Posted on by The INO.com Team

In Moscow this week, the all-female Russian rock band "Pussy Riot" was convicted of "hooliganism" and sentenced to two years in prison. The heinous crime was staging a forty second event last February, protesting the Russian church’s support of the Kremlin. Russian President Putin weighed in on the case by pleading for the courts to be lenient on the young ladies and viola; the three were spared summary executions and sentenced to a forced vacation in a Siberian Gulag. This crafty response by the Kremlin was designed to scare Putin opponents but not foreign investors which are sorely needed to grow the stalled Russian economy. Continue reading "The Pussy Riots in Russia" →

Beyond the Spotlight: Highlighting This Week's Potential Breakouts

Posted on by The INO.com Team

September 2012 Euro Currency

The September 2012 Euro Currency contract lows are trading along a lower trend line, touching at 1.2051 (7/24/12), 1.2140 (8/02/12), and 1.2258 (8/16/12). A close below the lower trend line will trigger a sell entry. It appears the market will need to settle at 1.2280 or lower for confirmation of a breakout. The Trend Seeker (a GBE trading tool) confirms the market is in a down trend. The 50 day moving average (1.2387) is just above recent highs which could act as resistance and a natural level for stop losses. A short term target could be the 1.2051 low from 7/24/12. The stochastic indicator crossed over to sell signal and MACD is converging. These indicators may fall in line once the breakout occurs. Continue reading "Beyond the Spotlight: Highlighting This Week's Potential Breakouts" →