QE3

Today is the latest meeting of the Federal Open Market Committee, and honestly very few people know what to expect out of the meeting. Also keep in mind that this is Ben Bernanke's third press conference, after the FOMC decided to have Bernanke give press conferences to discuss monetary policy,...

So gold did not go to $2,000 an ounce by the end of September as was discussed last month, but that does not mean it will not get there, eventually. Gold gave back almost all of the gain it had in August (12%) in September, as the short term mentality of "return of capital, not return on capital...

The U.S. stock market has now officially entered bear market territory, with a loss of 20% from its April highs as investors flee risk assets over fear of a sovereign default in the Eurozone and a recession in the U.S. The situation is starting to reach a tipping point as markets continue to gyrate...

Whether we get a third round of quantitative easing or not remains to be seen, but tomorrow could be the most important day in having a say yes or no. Tomorrow is the August Nonfarm payrolls report, to be released at 8:30 a.m. There is a wide range of consensus estimates for the numbers of jobs...

We discussed the reasons last month why gold would go to $2,000 an ounce by the end of August. That did not happen, and fell well short of that level, closing at roughly $1,830 an ounce. Still, gold had a spectacular month, gaining 12% during August, thanks in part to worries over the S&P...

When Goldman Sachs called for QE3 to be announced, many expected it would be hinted at, or perhaps even announced at Jackson Hole. Obviously that was not the case, with Federal Reserve Chairman Ben Bernanke not announcing any plans. Bernanke did leave the door open at Jackson Hole, but nothing...

So much for no QE3, at least if Charles Evans gets his way. Chicago Federal Reserve President Charles Evans was on CNBC just a few minutes ago, and comments from Evans made it sure seem like an additional round of quantitative easing is on its way. Gold, silver, and bonds are moving higher on the...

Federal Reserve Chairman Ben Bernanke is many things, but magician is not one of them, and there is little to no chance that he announces a third round of quantitative easing tomorrow. Bloomberg is out with an article today discussing why Bernanke may in fact forego a third round of quantitative...

If Ben Bernanke is going to be Superman on Friday, he needs to prescribe some medicine for the good doctor. Dr. Copper that is. Strong copper is the lifeblood of a strong economy, there is no doubt about that. Copper is used in industrial production, and the higher copper prices are, generally...

Friday, August 26. Jackson Hole, Wyoming. For a place renowned for its beauty, peace and serenity, Friday will be one of the busiest, and perhaps the most important day in the history of this small, historic, skiing and fly-fishing resort. Of course, this is where the Federal Reserve's annual...

The Australian Dollar, Canadian Dollar and New Zealand Dollar were the three strongest performing currencies to start the week as the safe haven block slid among renewed hope for a third round of monetary easing by the Federal Reserve. Fundamental Headlines • Gold Advances to Record as Platinum...

PIMCO's Bill Gross said the reason Treasury yields have touched and moved past 60 year lows is very simple. It's highly likely the United States is in a recession. Gross was on Reuters Insider television to discuss the likelihood of the recession. "It is increasingly apparent to us that...

Yesterday stocks soared on what the Federal Reserve had to say, as it intends to leave rates alone until at least mid-2013 due to a weak economy. For about 30 minutes, the equity markets jumped, then plunged, then sputtered around, until Goldman Sachs came out and saved the day, at least for a...

Polo Ralph Lauren Corp. (NYSE: RL) reported earnings this morning that clearly show the difference in the two consumers in this country: the very wealthy and the very poor. The premium lifestyle company reported earnings of $1.90 per share on $1.53 billion in revenues. Wall Street had been...

With tumultuous global markets wreaking havoc on investors and policymakers alike, many eyes have turned to the U.S. Federal Reserve to restore confidence. If the FOMC's statement Tuesday is any indication, investors could be in for an interesting few years. The Fed announced that it would keep...