China's consumer confidence declined sharply in May to 99.0 from 103.7 in April. Of course household spending in China represents only around 35% of the GDP (according to the World Bank), while the US consumer is over 70%. Nevertheless taken together with China's manufacturing PMI, we may be...
Last week, Emerging Market Equity Fund Flows were down for the 4th straight week with the largest outflows seen since the August 2011 bloodbath.
China ( FXI ,... ) was the big loser as the big winner in total outflow with 21% of the net flow having 23% of the AUM.
Russia ( RSX ,...
Despite a buoyant market ahead of the Fed the afternoon session...s being clouded by concern coming out of a Financial Times (FT) article about how Big Ben may be more ready to talk tapering on Wednesday that many had thought.
Federal Reserve chairman Ben Bernanke
Everyone knows the Fed...
The price of gold this afternoon remains slightly lower by 0.43% or -$6.00 to $1,381.60 as gold traders remain on the sidelines ahead of the Federal Reserve policy meeting and statement this Wednesday.
Gold has been range bound since mid-May trapped both by the fundamentals and technicals...
Data on trades made by company insiders—key executives and directors—demonstrates to Ted Dixon, co-founder and CEO of INK Research, that most of them are contrarian in their approach. Lately, Dixon finds that insider indicators in the gold and junior gold miner sectors are...
Currencies remained volatile in the past several days, with some of the action attributed to “expected” steps by the FED. The central bank will hold its regular policy meeting in the coming week and many traders have been already trying to predict what the policy makers are going to do. Just as it has been the case for a long time, interest rates are not in focus – virtually nobody expects to see changes in this department. Instead, market talk is centered on tapering of the QE or withdrawing of the additional liquidity that the FED was injecting in markets during prior few years...
Gold conspiracy theorists have a new bogeyman. Inventories of gold bars held in the COMEX warehouses are falling. This fact is offered to support the stale allegations of “fractional gold” and “manipulation”. They have been predicting a “signal failure” that is coming any day now, like the Great Pumpkin in the Charlie Brown Halloween special. If not that, then surely at least the price of gold is going “to da moon”. Any day now, we have been repeatedly told, every day and every dollar down from the peak around $1900.
The charts tell you what you need to know about asset flows, quantitative...asing (QE), and the impact on...merging markets.
I have chronicled...merging markets’ underperformance to the S&P 500 (SPX) numerous times in the last few months highlighting what appeared to be key levels, while also...
Caterpillar’s (CAT quote) chart shows strong support in the 81.00-82.00 level (see chart inside).