The Real Deal On Japan's New QE Bazooka

Posted by Forbes Magazine via Mark Leibovit

on Thursday, 31 January 2013 08:05

And Why The Yen Plunged.


Screen Shot 2013-01-31 at 3.33.50 AM

Yen Weekly Chart Above: The yen has lost 13 percent of its value against the U.S.dollar in 3 months

Japan, the nation that pretty much invented quantitative easing, is now following in Ben Bernanke’s footsteps, launching an open-ended asset purchase plan and a 2% inflation target to fight the steady drop in prices that have plagued the world’s third largest economy for twenty years.  The Bank of Japan (BoJ) is joining others in what could be dubbed a new era for central banks, as ailing economies and massive debt loads have eroded the barrier of independence and essentially pushed monetary policymakers into trying to spark growth via stimulus, as the debate on the effectiveness of those policies ranges on.                        

The market’s verdict......

......read more HERE 


Personal Finance

The Central Bank Watusi: Learn The Dance Moves or Else

Posted by Nadeem Walayat - The Market Oracle

on Wednesday, 30 January 2013 17:27

Using Britain as an example of Central Bank Intent:

Money Printing QE-4-EVER

The US Fed's efforts to put a floor under the US economy so that the banks stop being bankrupt, QE3 which started at $40 billion per month as an escalation of the policy for the transference of bad loans / defective mortgages from the bankers and onto the tax payers by way of the electronic money printing presses. This was added to in December 2012 by the Fed announcing it would also buy £45 billion of US Treasury bonds per month as it monetize's / effectively cancels US debt in a similar manner to that which the UK is engaged in as illustrated by the below graphic


....read more on the Interest Rate Mega-Trend HERE

....more on the Inflation Mega-Trend  HERE




Timing & trends

R. Russell: "Gold is looking increasingly interesting"

Posted by Richard Russell - Dow Theory Letters

on Wednesday, 30 January 2013 10:00

Screen Shot 2013-01-30 at 7.51.02 AMScreen Shot 2013-01-30 at 7.08.33 AM









With Gold & Silver up sharply this morning, it might pay to look at what the GodFather of Financial writers the 89 year old Richard Russell had to say 5 days ago - Ed


Richard Russell: "The chart below almost speaks for itself.  Spot gold is in a rising trend and is touching its 50-day MA.  The nearby target is to climb above 1700.  There has been terrific resistance to gold's rise -- it's as if every penny higher has been fought against by the anti-gold group (and who could that be but the Fed?).  RSI and MACD are both bullish:.

Screen Shot 2013-01-30 at 8.08.58 AM

"GDX has been a lagger, both in the general market and a laggard vs. gold.  I think this ETF (holding the larger gold mining shares) would be a good item to put in your portfolio and forget about.  The gold mining stocks have big leverage to gold -- if or when gold finally takes off".

Screen Shot 2013-01-30 at 8.09.33 AM

"GDXJ is the ETF containing the speculative smaller gold mining stocks.  My advice, take a small position in GDXJ and forget about it for a while.  MACD is bullish.  I think it could be a surprisingly good long-term holding.  But for GDX and GDXJ you are going to need patience"

Screen Shot 2013-01-30 at 8.09.50 AM

Getting back to the general market, the Transports are surging into record high territory.  All that's needed now is a confirmation by the Industrials.  The Dow closed yesterday at 13,712.13 just 452 points below their record high of 14,164.53 established in 2007.  Below we see the Dow, climbing up a steep trendline.  

Screen Shot 2013-01-30 at 8.10.00 AM

"The public is bullish.  The retail investors are the most bullish they've been in four years.  Volume implications and MACD are bullish.  RSI is about to enter overbought area.  So shouldn't the Dow climb to new record highs?  Sure, so what's stopping it?  Just that old axiom, “The best laid plans of mice and men” -- Then we have Russell's axiom -- There's only two sure things in the market -- surprise and uncertainty!"


To subscribe to Richard Russell’s Dow Theory Letters CLICK HERE.

About Richard Russell

Russell began publishing Dow Theory Letters in 1958, and he has been writing the Letters ever since (never once having skipped a Letter). Dow Theory Letters is the oldest service continuously written by one person in the business.

Russell gained wide recognition via a series of over 30 Dow Theory and technical articles that he wrote for Barron's during the late-'50s through the '90s. Through Barron's and via word of mouth, he gained a wide following. Russell was the first (in 1960) to recommend gold stocks. He called the top of the 1949-'66 bull market. And almost to the day he called the bottom of the great 1972-'74 bear market, and the beginning of the great bull market which started in December 1974.

The Letters, published every three weeks, cover the US stock market, foreign markets, bonds, precious metals, commodities, economics --plus Russell's widely-followed comments and observations and stock market philosophy.






Gold & Precious Metals

Where am I Supposed to Store All This Gold & Silver

Posted by Larry LaBorde via 321Gold

on Wednesday, 30 January 2013 09:00

gold-silver1As a metals broker I am always asked about storage.  I have rather strong feelings about this topic and I always advise people the following:

  1. Always store outside of the financial system.  This means no ETF’s (Even though they are easy you should exercise caution & read the prospectus and zoom in on the custody section – if you can stay awake long enough to read it).   Also this means no bank safe deposit box storage.  Safe deposit boxes are the worst of both worlds.  They ARE NOT insured by the bank but yet they are subject to banking regulations.  It also means no commodities contracts held by financial firms like MF Global.  (Jon Corzine seemed like such a nice fellow before he got into trouble betting house money and hypothecated private accounts to cover his losses.)

.....read 2 & 3 HERE


Stocks & Equities

4 Black Swans That Could Jolt The Market In 2013

Posted by David Sterman - Seeking Alpha

on Wednesday, 30 January 2013 08:22

A few weeks into the New Year, investors seem to be in a carefree mood. The traditional measures of volatility remain at extremely low levels. After all, the European economic crisis has calmed, budget negotiations in Washington aren't front page news at the moment, and earnings season is unfurling without much drama (except for Apple's (AAPL) sobering near-term outlook).

How little volatility is there in the market? The Volatility Index (VIX), which uses options trading activity as a gauge of investor fear, is at its lowest level in two years:

saupload VIX Chart 1-25-13

....read more HERE


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