Global Rally

71
Sun, Nov 27, 2011 - 8:56pm

Definitely "risk on" tonight as the world seems to have finally come to the conclusion that the printing press is the only real weapon available in the fight against financial meltdown. Whatever. Give it a few hours and I'm sure that "risk off" will be back in vogue.

For now, however, everything is flying. The euro is up 75 basis points. S&P futures are up 26. Crude is up $1.60. The grains are all up as is copper. Silver is up 70 cents and gold is up $22. Quantitative easing...and lots of it...is coming your way in 2012. Big time. For now, though, let's not get carried away. Could the metals have bottomed last week? Maybe. The charts below tell the tale. Let's see what the overnight brings. More in the U.S. a.m. TF

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  71 Comments

darksmith
Nov 27, 2011 - 9:01pm

warm up the press...

How is QE3, with the real potential for similar easing in the Eurozone, going to impact our lives in the next year? Easing in America is one thing, but when we are looking at this on two, maybe even three, continents (Asia?), this could be a really bad thing...

Planters
Nov 27, 2011 - 9:01pm

Digity !

Digity !

Blue Sky
Nov 27, 2011 - 9:02pm

I'll be the first to

Dance if we stay up!

roadtoruin
Nov 27, 2011 - 9:03pm

war you say? go long lockheed

war you say? go long lockheed martin!

Shill
Nov 27, 2011 - 9:12pm

Evidently its risk on in

Evidently its risk on in Tampa as well....

As long as the checks keep arriving all is well.

bernard
Nov 27, 2011 - 9:14pm

let us never forget that the

let us never forget that the US debt increases by nearly $60,000 per second. Rally on :)

-------------------

Compare Silver Prices

PaPaSpeed
Nov 27, 2011 - 9:17pm

PM Rally!!

Wow, a good PM rally is just what the Doctor ordered to cure my indigestion. I've been eating turkey, stuffing, mashed potato's and gravy, baked corn, and cranberries for the past four days. I need something to settle my tummy, and a good sustained precious metal rally would be the cure.

Good luck to all!

Colonel Angus
Nov 27, 2011 - 9:24pm

This doesn't end well...

...if everyone prints, then my Zimbabwe dollars and Reichsmarks start to have company with the big numbers...and people go hungry because of all those dollars/euros/kroner/rand sloshing around looking for something to be in. If they don't print we have terrible deflation and people go hungry for lack of jobs.

And if it is buy the rumor then sell once the rumor has been refuted...well, have some precautionary puts just in case. My guess is that my FAZ gets clobbered tomorrow. Oh well....

clueless one PaPaSpeed
Nov 27, 2011 - 9:24pm

better get the Tums...

The EUR/USD is losing steam at 1.3317...

USD/CHF bottoming..

gap up, get short

gap down, get long

look out below!!

sixdollarsilver
Nov 27, 2011 - 9:42pm

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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment

Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
7/10 8:30 ET CGP Hump-Hawk prepared remarks
7/10 10:00 ET CGP Hump-Hawk House
7/10 10:00 ET Wholesale Inventories
7/10 2:00 ET June FOMC minutes
7/11 8:30 ET CPI
7/11 10:00 ET CGP Hump-Hawk Senate
7/11 12:30 ET Goon Williams
7/12 8:30 ET PPI

Key Economic Events Week of 7/1

7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 10:00 ET Construction Spending
7/2 6:35 ET Goon Williams
7/3 8:15 ET ADP June employment
7/3 8:30 ET Trade Deficit
7/3 9:45 ET Markit Services PMI
7/3 10:00 ET ISM Services PMI
7/3 10:00 ET Factory Orders
7/4 US Market Holiday
7/5 8:30 ET BLSBS

Key Economic Events Week of 6/24

6/25 10:00 ET New Home Sales
6/25 1:00 pm ET Chief Goon Powell
6/25 5:30 pm ET Goon Bullard
6/26 8:30 ET Durable Goods
6/27 8:30 ET Q1 GDP final guess
6/28 8:30 ET Personal Income and Consumer Spending
6/28 8:30 ET Core Inflation
6/28 9:45 ET Chicago PMI

Key Economic Events Week of 6/17

6/18 8:30 ET Housing Starts and Building Permits
6/19 2:00 ET FOMC Fedlines
6/19 2:30 ET CGP presser
6/20 8:30 ET Philly Fed
6/21 9:45 ET Markit flash June PMIs

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