Monthly Archive: January 2009

Sailors be warned 9

Sailors be warned

Red sky at night, sailor’s delight Red sky at morn, sailors be warned. – Technical musings In recent trading days we have seen various indicators reach levels that, had they occurred together during another...

Ahh, panic is back. 12

Ahh, panic is back.

Everything that was hot, all of a sudden is not. For the past nine trading days, we’ve seen a rapid return of the kind of fear we experienced last fall. The carry-trade currencies (dollars...

Dollar rally hits gold and Treasuries. 1

Dollar rally hits gold and Treasuries.

I first touched on this topic last week: “So that’s what I’m working with. All three asset classes look overbought to me: bonds, gold and the Euro/CHF, and I suspect that their rallies are...