Financial Review

Dead Cats and Shade Balls

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-11-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-11-2015 DOW – 212 = 17,402 SPX – 20 = 2084 NAS – 65 = 5036 10 YR YLD – .10 = 2.14% OIL – 1.71 = 43.25 GOLD + 4.60 = 1109.70 SILV + .13 = 15.46   Since mid-July the Dow Industrial Average has dropped from a high of 18,137, including a 5 session losing streak; in late July the Dow dropped below its 200 day moving average, indicating a downtrend; it bounced up to touch the 200-day moving average but could not break through; after that we started August with a 6 session losing streak. Yesterday, the Dow bounced 241 points; and that is looking like a dead cat bounce today.   China’s central bank devalued the yuan in an effort to help jump-start its stalling economy. The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest one-day drop since China ended a dual-currency system. For background, the yuan’s peg to the dollar had been in place since 2006. The People’s Bank of China, their central bank, would buy or sell yuan to keep the currency near a certain value against the dollar. The dollar’s been strong since 2011. And so, the peg made the yuan strong too.   The People’s Bank of China called the change a one-time adjustment and said its fixing will become more aligned with supply and demand. …

READ MORE →

Thursday, February 14, 2014 – Helicopter Money

Helicopter Money by Sinclair Noe DOW – 9 = 13,973SPX + 0.98 = 1521NAS + 1 = 319810 YR YLD – .03 = 1.99%OIL + .36 = 97.37GOLD – 7.20 = 1636.40SILV – . 33 = 30.55 A reminder I will be speaking at the 2013 Wealth Protection Conference April 5th. To register or for more information, please visit: www.buysilvernow.com or click here. Happy Valentine’s Day. The G-20 meets this weekend. Currency devaluation will be a major topic. There is a race to devalue currencies, with the payoff being more exports for the winning or losing country. The winner in the race to the bottom looks to be the UK; over the past five years, the pound sterling is the weakest major currency. London’s role as a financial center made in vulnerable to the banking problems, and then the government imposed austerity measures, making a bad situation far worse. Since the end of last year the pound has weakened dramatically against all other major currencies, apart from the yen. The British and Japanese currencies seem to be falling for similar reasons. Those countries’ economies have experienced almost no growth since 2009, and their governments are becoming increasingly desperate to end this long-term stagnation. This past week, saw some important speeches that were largely overshadowed here in the US by the State of the Union address. The Bank of Japan’s Shinzo Abe announced monetary expansion should directly finance record breaking public investment programs. The other big speech came from Adair Turner, …

READ MORE →