“…Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world’s [...]
Archive for the ‘Currencies’ Category
Posted in 
Brokeback Greenback.
October 15th, 2009 
Uncle Sam USD to hit 500 Yen next week! Ok, not quite, but… “The U.S. economy will deteriorate into 2011 as the effects of excess consumption and the financial bubble linger,” said Daisuke Uno at Sumitomo Mitsui, a unit of Japan’s third- biggest bank. “The dollar’s fall won’t stop until there’s a change to the global [...]
Can We Devalue Our Way Out?
October 11th, 2009 Uncle Sam “It’s not AS shitty as it was last month!” – BLS “…While the figures indicate improvement, government data last week showed more job cuts than forecast for September and a rising jobless rate. President Barack Obama pledged to “explore any and all additional measures” to spur growth, as last week’s report underscored that gains [...]
The Only Long Left.
October 9th, 2009 Uncle Sam Back in early ’09, even my mining partner thought I was stoned to see Gold return and stay over $1,000. They said, “come on, dude, a $50 pennyweight?” Well, even though I grow some of the finest shit in the County, I wasn’t the one who was baked. Check this out for a primer [...]
USD Back On Top!
March 3rd, 2009 Uncle Sam It seems like just a few week ago, the Yen was trading at 88-90 range for the dollar….oh, yeah, it WAS! The damn thing plunged over a thousand points. I expected a correction, but not a return to normal for the pair. Possibilities of reviving the carry trade are beginning to emerge. “The dollar is [...]
USD Stays Strong, For Now.
February 19th, 2009 Uncle Sam “…For now, Busch expects investors to keep buying U.S. Treasury securities, which will keep demand for the dollar strong. He also says that strong participation in the Treasury’s and Federal Reserve’s programs and backstopping of new securities will boost the dollar. Additionally, entities like AIG (NYSE: AIG), which are selling assets abroad to raise capital [...]
You Could Have Made A Million Today!
February 18th, 2009 Uncle Sam All you had to do was take 14 of my last 15 Forex trades I made today and do the exact opposite. Today was the first, and hopefully the last time I EVER get the dreaded margin call. Ever see “Trading Places” with Eddie Murphy and Dan Akroyd? Remember when the guy who makes the [...]
By The Plaque of Their Teeth.
February 17th, 2009 Uncle Sam Wall Street just missed it’s November low by a couple of ticks… “The S&P 500 retreated 4.6 percent to 789.17, dropping below 800 for the first time since November. The Dow Jones Industrial Average plunged 297.81 points, or 3.8 percent, to 7,552.6, less than half a point above its 2008 bear-market closing low. “ Many [...]
Aurum Awesome – Number 79
February 11th, 2009 Uncle Sam (RTTNews) – Gold climbed again on Wednesday as traders continued to turn to the safety appeal amid lingering doubts over U.S. rescue plans. With the rally, the metal reached its best level in more than six months. April gold closed at $944.50 an ounce, up $30.30 on the session. Earlier, prices reached as high as [...]
Live Auctioneering at the White House
February 10th, 2009 Uncle Sam “Hey, gimme dollar now, whose gotta dollar now, two. Two dollar now, where three, gimme three dollars, now, got three, now! -SOLD OUT NOW FOR 3 TRILLION DOLLARS.- CONGRATULATIONS, SIR! The trees of Oregon shudder at the mention of it. Do we even have that much paper in the US? Maybe we can [...]
