(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BIGGEST SOVEREIGN RESTRUCTURING IN HISTORY March 9, 2012 Greece has now finally pulled off the biggest sovereign debt restructuring in history. A ton of economic data has been released in China today.
This morning we reported that inflation has dramatically lowered in China. American gold bugs have turned this low inflation data from China on its head. The brand new interpretation is that low inflation in China is good for gold because low inflation will provide Chinese with more buying power and
Our algorithms are showing aggressive short covering in gold and silver. Gold is up about $30 from its low. Almost all of it is shorts taking profits. There is no change in our stance, but we will be carefully observing to see if real buying comes in.
According to the data from the National Bureau of Statistics in China, inflation has slowed dramatically. Stay short on GLD and HL. Those not in these positions should stay tuned to the Real Time Feed for potential entry signals.
iWallet may be to iPhone 5 what Siri was to iPhone 4S. As the world is focused on the new iPad from Apple (AAPL) and most of the speculation centers around iTV, the next big thing for Apple may be iWallet. Apple already has millions of credit card numbers on file. Apple
Starbucks (SBUX) shares are getting ready for their next leg up. The stock is expensive at these levels, but the coffee giant keeps on innovating and big international expansion is still ahead. It is no secret that espresso coffee is very popular overseas. Starbucks has announced the first at-home, premium, single-cup
Apple (AAPL) introduced a new Apple TV and the new iPad, but the stock price barely budged. However there are several important internals of trading in Apple stock that astute investors should be in tune with. The chart shows movement of Apple stock on prior event days. Our computers show that
One of my bedrock principles is to leave my opinions at the door and let the data speak for itself. There is widespread belief among American investors and a large number of proclamations that the Chinese and Indians are not selling gold and silver into the swoon. Hard data from
Emerging markets have staged a rip roaring rally in 2012. The rally has come too far too fast. Nothing fundamental has changed, it is just that in 2011 emerging markets were beaten down more than what could be justified based
The number-one problem for gold and silver investors is that the world does not end very often. You must understand that unlike stocks, bonds and forex markets, gold and silver markets are not very deep. In plain English, this means that typically at any one time there are not enough