Monthly Archives: November 2009

The news has been full of the events in Dubai over the last 4 days, and its effects on the markets here in the states and abroad. I believe for several reasons which I will expand upon today is that … Continue reading →

I thought I would take some time on this holiday to express my gratitude to all of you who have read this blog, and for the kind words and thoughts you’ve expressed to me. I wish to thank all the … Continue reading →

When the economy cratered last year there was much blame to spread around and myriad causes to be analyzed. When Secretary Paulson, in a condition of abject panic, went to congress with the request for emergency funding to rescue the … Continue reading →

While I have been a supporter of the Federal Reserve returning to it’s original mandate the thought of Congress moving rapidly and legislating change in the current heated atmosphere is disconcerting. The odds of the Congress addressing the Feds key … Continue reading →

Mr Geithner, speaking to reporters in Japan yesterday made several statements in which he espoused his belief in a strong dollar policy. “I believe deeply that it’s very important for the U.S. and the economic health of the U.S. that … Continue reading →

The United States produces 10% of the world’s petroleum and consumes 24% or roughly 20 Million Barrels per Day (MMbd). The Energy Information Agency (EIA) estimates we import 13.5 MMbd. Today oil is around $80 a barrel (bbl). World Production … Continue reading →

Recent policy decisions by the Obama administration imposing duties on certain goods imported from the Peoples Republic of China (PRC) and the actions of the PRC in response to these duties have resulted in a straining of the relationship between … Continue reading →

On September 18, 2009, the IMF Executive Board approved the sale of 403.3 metric tons of gold (12.97 million ounces), which amounts to one-eighth of the Fund’s total holdings of gold. As you know the IMF sold 200 tonnes of … Continue reading →

The SEC led by its new Chairperson Mary Schapiro is attempting to refurbish it’s reputation and taking an aggressive stance against Insider Traders and malignant Hedge Funds and this is no doubt a good thing. But it will protect a … Continue reading →

The Reserve Bank of India in an off market transaction purchased 200 Metric Tonnes of Gold Bullion from the International Monetary Fund (IMF). Several things made this both interesting and market moving. First, the magnitude of the purchase was surprising. … Continue reading →