Financial Review

Fuld Again

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-29-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 115 = 18,010 SPX – 13 = 2107 NAS – 27 = 5070 10 YR YLD – .04 = 2.09% OIL + 2.62 = 60.30 GOLD + 2.20 = 1191.00 SILV + .04 = 16.80   The Dow Jones industrial average ended about 115 points lower after falling more than 150 points during the session. The blue chip index posted a 0.9 percent gain for May. The S&P 500 ended up 1.1 percent for the month, and the Nasdaq outperformed with a 2.6 percent monthly gain.   Year to date the Dow Industrials are up about 1 percent, the S&P 500 is up about 2 percent, and the Nasdaq is up about 7%. This has been an extremely tight trading range to start the year. Another way to look at it is consolidation. And at some point the markets will break out of this tight range. The question is whether it will be a breakout or a breakdown. And if you’re looking for a divergent signal, the Dow Transports traded down for the day, for a 3.4 percent loss in May. The index is down 9 percent for the year.   Today’s big economic report was that first quarter Gross Domestic Product in the U.S. shrank at a 0.7 percent annualized rate, revised lower from a previously reported 0.2 percent gain. The revisions showed the trade gap widened …

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Tuesday, March 19, 2013 – First, They Came for the Bank Deposits

Mark your Calendar, April 5 & 6 and make your reservations for the 2013 Wealth Protection Conference in Tempe, AZ. For conference information visit www.buysilvernow.comor click hereor call 480-820-5877. This year’s conference features Roger Weigand, Nathan Liles, David Smith, Mark Liebovit, Arch Crawford, Ian McAvity, Bill Tatro, and I will speak on Friday. There is an expanded Q&A session with all speakers on Saturday. I hope you can attend. First, They Came for the Bank Deposits by Sinclair Noe DOW + 3 = 14,455SPX – 3 = 1548NAS – 8 = 322910 YR YLD – .05 = 1.91OIL – 1.72 = 92.39GOLD + 7.00 = 1613.80SILV + .01 = 29.01 The best quote I’ve seen on the Cyprus Bank Heist; and I wish I had thought of this; “First, they came for the bank deposits.” Actually, they are still in the planning and scheming stages of stealing bank deposits from the Cypriots; some say it’s really an attack on Russian mob money. And so one new scheme being floated is to only expropriate accounts above 100 thousand-euros. The Cyprus banks are still on holiday. We should note that at least half the Cyprus bank bailout capital needs come from the restructuring of Greek debt held by Cyprus banks that Cyprus government agreed to as part of ‘EU solidarity’. You remember the haircut on Greek bonds? You didn’t expect the bankers to really take a hit on that did you? No, eventually it worked its way back to the bank depositors, …

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February, Friday 17, 2012

DOW +46 = 12950SPX + 3 = 1361NAS – 8 = 295110 YR YLD +.02 = 2.01%OIL +1.75 = 104.06GOLD – 5.00 = 1724.80SILV -.24 = 33.38PLAT + 11.00 = 1638.00 The stock market is looking great. The S&P 500 hit a nine-month high. The Dow is back at levels from the beginning of 2008, (record high was 1517 for SPX) (14,198 for Dow). At least it’s looking decent. The market was cruising along with triple digit gains, but couldn’t hold into the close. Confidence is one thing, but going long heading into a holiday weekend.., well, let’s not get carried away. Optimism was high that there would be some sort of  deal worked out to rescue Greece by burying the country under unsustainable debt.  Euro-zone finance ministers will be meeting over the weekend to hammer out details. The big challenge is to cut Greece’s debt down to 120% over the next 8 years; to do this, the Greeks will have an orderly default of debt, paying off bonds at about 30 cents on the dollar for private sector investors and about a 50% haircut for the central bankers that hold Greek bonds. And nobody is quite sure if the private sector investors are going to accept the haircut. In return for the discounts, the Greeks would accept, maybe, harsh austerity measures that will contract the economy. And they keep saying they will have a deal, probably by Monday. And all I can think of is that Homer is now …

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