Archive for November 8th, 2010

Citi Analyst Expects Central Banks to Sell US Dollars in Response to QE2

Citi Analyst Expects Central Banks to Sell US Dollars in Response to QE2

| November 8, 2010

Citi analyst Steven Englander argues that global central banks are likely to substantially reduce their US dollar holdings during the next few months in response to the recently announced quantitative easing program, noting the essentially exponential growth of US dollar reserves since early last decade. Global reserves have been growing very rapidly, on a headline [...]

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Fund Manager John Hussman Comments on QE2

Fund Manager John Hussman Comments on QE2

| November 8, 2010

In his latest weekly commentary, fund manager John Hussman of Hussman Funds takes a critical look at the recently announced second round of quantitative easing from the Federal Reserve, noting the deeply flawed premise upon which Chairman Bernanke appears to be operating. While the announcement of QE2 itself was met with a rather mixed market [...]

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The GCI Begins to Positively Diverge from Gold

The GCI Begins to Positively Diverge from Gold

| November 8, 2010

In September, gold broke out to a new long-term high, but our Gold Currency Index (GCI) lagged, creating a slight negative divergence that signaled caution. Since then, the negative divergence has been cleared and a positive divergence has begun to develop since the Federal Reserve announced the next quantitative easing program last week. While both [...]

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Short-term Forecast for November 8, 2010

Short-term Forecast for November 8, 2010

| November 8, 2010

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