Very busy day. Sorry for the light posting, but I just didn't have time today.
Chris Laird was a bit late on his newsletter, here is some of what he had. Remember that it is a subscription based service and the link is available in the products page.
Newsletter - Edition 269 - 19 June 2011
By Christopher Laird
Markets in transition
Japan effects not clear yet
HUI USD Gold
He is bearish all markets, and starting to worry about gold. This probably won't happen. As the Fed is empowered to stimulate the economy and avoid inflation, if there is a crash, they will continue pouring liquidity into the market. Sure, it is inflationary, eventually, but without any demand, the velocity of money will be low, which keeps inflation risk down. If they have the chance, they will continue with an accomodative stance.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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