Commodity Trade Mantra

Posts Tagged ‘Economic Health’

Copper Crashes, In Danger Of Breaching 15-Year Support Level

Will the PBOC step in to also rescue copper, or will the last remaining indicator of global economic health (or lack thereof) be left to fend for itself and be the latest confirmation that excluding central bank support of all stocks around the globe, the world is now gripped by an unprecedented economic depression.

A Portrait of the Classical Gold Standard

The gold standard was the one outstanding symbol of unity and economic solidarity which the nineteenth century world had developed. Under Bretton Woods (1944), the gold standard was effectively abandoned: domestic convertibility was illegal and the role of gold was very constrained in favor of the dollar.

Janet Yellen: Where No Man Has Gone Before

Yellen has gone farther, disregarding guidance on all fixed thresholds (unemployment, inflation, etc) & claiming that she will keep stimulating as long as she believes that there is “slack” in the economy. Where that mythical level may be is open for interpretation, which is likely why she prefers it.

No Clear Trend In Gold and Gold Stocks Yet

Gold has surrendered the $1,350 short term bull/bear demarcation again, but a secondary level of support has held – At present, the bears still win as many battles as the bulls, but eventually a breakout from the recent area of congestion will occur.

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