Archive | May, 2010

Yields soar as flight to quality squashed

An overdue recovery in the Euro and U.S. equity markets lured money back into risky assets and away from the safety of Treasuries. One day does not make a trend, but this seems to be the beginning of some attempt at “normalcy”. We have been getting solid economic news recently despite a few minor disappointments […]

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Daly Gold Report

Gold Settles $15.50 Higher …. ($1215.30) August Gold The European Union’s debt crisis continues to fuel investor demand for gold on a global basis. Investors world-wide appear to using Euro’s to purchase gold as a hedge or “safer haven” to guard against further Euro Dollar weakness. There is sentiment throughout the investment community that the […]

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Markets Settle In

The markets have relaxed but as investors you must not. Their will be wild gyrations in the weeks to come so start thinking long and hard how you want to be positioned. At the moment $69 appears to be the line in the sand on front month Crude oil; July as of this post is […]

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Supply on tap, but can Treasuries get over Europe?

Earlier this week we urged all of our clients to get flat Treasuries because things didn’t “feel” right and they still don’t. Treasuries have managed to maintain an upward bias in the face of higher equities (the few bounces that we have gotten), a recovery in the Euro, this signals that there are some behind […]

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Daly Gold Report

Gold Settled $21.50 Lower… ($1193.10) The gold market continued to reflect the uncertainty of investors regarding the latest news coming from the European Union. Yesterday we reported BaFin (Germany’s financial services regulator) had announced it will introduce a temporary plan to ban short selling. The ban will apply to naked short selling and naked credit […]

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Separate yourself from the Crowd

What I’ve learned over the years is if I’m trading what most people are trading I’m probably losing money for clients so it is OK to be contrarian with some of your investment themes. On the lows today July Crude was just over $1 from its February lows closing below $74 today while June Crude […]

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Option Queen Letter

Here is a question for you to ponder, if the banks are public enemy number 1, why is it that we the people have been funding their fun? Are we the people making money on the spread or a piece of the spread on lending that the banks are making and if not, why not? […]

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