Financial Sense Blog

In a trading Tour de Force, Danielcode clients led by Le cartel d’or and abetted by Financial Sense readers sparked the biggest Gold trading coup in 26 years when in a “man bites dog” story, le cartel proved again what I have known for years, that they are the world’s most savvy traders and not just takedown artists as many think.

I took a break while working on this column and read an email which contained the following phrase: “several U.S. Treasury charts are not unlike what you see before a country goes into default.”

Fortunes will be won or lost based on which of these monetary events take hold in the next few years. At the moment, there is precious little truth that can be gleaned from the charts. Yet, many important charts are developing in a way that will enable intelligent analysts and traders to get the answers...

Presidential election years are always a strange brew of unusual economic events, but this year has raised the bar to an entirely new level. A series of disconnections have left many scratching their heads, but expect them to continue, at least until Election Day. Let’s look back over the last few months in “Wonderland.”

On 1st September 2008, columnist David Hirst writing in the Australian Fairfax print media, revealed that a former advisor to China’s central bank and one of China’s most highly regarded economists, Yu Yongding, has declared that a failure of US mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system.

Since the end of the Second World War two countries have been referred to as “superpowers”: The United States and Soviet Russia. Since the Soviet Union broke apart, America was said to be the “lone superpower.”

The following is an excerpt from a discussion we published about a month back on our subscriber site. In light of events of last weekend, I suggest it’s an especially timely topic right about now. The Fed/Treasury/Administration may believe they have won another credit cycle reconciliation battle with the Fannie and Freddie bailout (our children and grandchildren will be overjoyed), but what about the much bigger picture war?