Recent content by Tiger21

A long time gold bull, Eric Sprott says that gold is picking up momentum and analysts are saying that it's not too late to get in even though gold hit a new high last week and is up 26% year to date.

The euro appreciated on Friday getting support at $1.4825. Some are expecting that Bernanke's speech on Monday will be dovish and the dollar will continue to weaken on Monday. PIMCO now says that the Fed won't raise rates until the end of 2010.

A close higher today would be the longest rally Jan 4, 2006 as gold was up yesterday for the 8th straight day. An all-time high of 1,118.60 was reached intra-day.

Geithner said that a strong dollar is in the nation's best interest and that the government understands the importance it plays in the global economy. Regardless the dollar fell to a 15-month low vs many of its major pairs on dovish comments by Fed governors.

Going through economic data points, the calendar for Tuesday and Wednesday data coming out of the US is light, but Thursday should be a busy day after New Zealand and Australia report retail sales and unemployment numbers late Wednesday.

Gold continues to be a mirror of the dollar. Dollar up today. Gold down. Yesterday, reaching 1,111.70 it reached above the 70 level on the 14-day relative strength index. Expect some consolidation from this point, but still bullish long term.

Morgan Stanley is recommending that investors buy a 3-month at the money call option at a strike of $1.4946 and simultaneously sell a call with a strike at $1.55. Clear evidence that MS expects continued weakness of the dollar.

India's purchase of 200 tonnes of gold last week led a huge push upwards for the price of gold. With the price at 1095, it looks like it's march to 1200 will be sooner rather than later.

Cit is saying that the euro will climb relative to the dollar as it is finding support at its 55-day moving average. Recent declines in the euro stalled Nov. 3 at the 76.4% Fibonacci retracement of the rally from its Oct. 2 low of $1.4481 to its Oct 26 high of $1.5063. The euro may now gain to...

In asking about an ECN broker, here's an interesting article for you. A few quotes: "FXOpen recently introduced the first ever MT4 ECN platform and also added PAMM accounts making money managers’ life much easier." "If opening an account with an ECN broker like Dukascopy requires a...

The first time home-buyer tax credit has been extended, but it probably shouldn't be called the first time credit any longer because the credit has significantly been expanded to include many current home-owners. The first time credit stays the same, but now current home-owners have a $6,500...

With interest rates so low investors have been using the dollar as a funding currency for riskier investments. The bearish case against the dollar is that interest rates are so low and that the US will increase interest rates far after other major countries. The bullish case for the dollar is...

Gold continues its orderly descent in price, but there are so many dollars, pounds and euros being printed that real assets will go up in value. Anyways, there is a seasonal low in this part of the year and with gold appreciating for a second monthly gain, a consolidation period is to be expected.

Interesting facts from today’s GDP report: Fully 2.2 percentage points of the third quarter's 3.5% growth figure related to vehicle purchases and residential construction, both juiced by government support. Federal spending added 0.6%. What’s going to happen when all the stimulus spending is...

Paul Tudor Jones, managing $11.6 billion, is suddenly bullish on gold as he is concerned with inflation and increased purchases by ETF funds. Gold is just about flat today.