Gold bullion surging in all currencies – Posted by Prieur du Plessis – interesting comments - … The gold price is not only making headway in US dollar terms, but also in most major (and minor) currencies as illustrated by the table and graph below. … – Investment Postcards from Cape Town

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Longer-term bond indicators flash sell – Posted by Prieur du Plessis – … Turning to technical analysis, the chart below shows monthly data for the ten-year Treasury Note yield since 1998 and conveys an important message when considering the two momentum-type oscillators at the bottom (ROC and MACD). The ROC has just reversed course (crossing the zero line) for the first time since a buy signal was given at the beginning of 2007 and now indicates a primary sell signal. The MACD provided a similar indication six months ago … – Investment Postcards from Cape Town

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S&P 500 PRICED IN GOLD – With equities correcting over the last few weeks and gold rallying to record highs, the price of gold has once again exceeded the price of the S&P 500.  It now takes 0.96 ounces of gold to buy the S&P 500 – Bespoke Investment Group

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Allstate Sells Munis as Local Governments Run Budget Deficits – By Jamie McGee and William Selway – Allstate Corp., the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are “not in great shape,” Chief Executive Officer Thomas Wilson said. – Bloomberg

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The Carry Trade – What is it? How to Play it? – good primer and how the average investor can participate -  Everyday Finance

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TIPS get a whiff of inflation concerns – Scott Grannis – The TIPS market is finally beginning to understand that inflation is not going to be unusually low forever. As the first chart shows, the breakeven inflation rate on 10-year TIPS has risen to 2.1%, the highest level we have seen just before the Lehman collapse last year – Calafia Beach Pundit

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Crude Oil Technical Trading Video – Adam Hewison – … The formation I show you in today’s video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at. … – Market Club at INO 

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The Long Bond – Gary Tanashian – Here is a most important long term sign post, the long bond and its EMA 100. – Seeking Alpha

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Better keep buying! – Bond Dealers to Treasury: Look out for Fed – By Jon Hilsenrath   – Bond dealers who advise the U.S. Treasury on its massive borrowing needs gave the government something new to worry about today: The Federal Reserve…. One source of upward pressure would be the slow unwinding of the Fed’s program to buy $1.25 trillion worth of mortgage backed securities through March of next year  – WSJ Blogs

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Treasury Minutes Suggest Fed to Remove $1 Trillion in Excess Reserves by March 2010 – by Bob English – … he Fed currently envisions draining the >$1 trillion in excess reserves currently on its balance sheet by next March. This is close to criminally insane, as the Fed has been deflationary with respect to M2 money supply since April 2009 and draining reserves would only further deflate the general economy. If credit is hard to come by now, it will be immensely more so should these actions come to pass. … – The Precision Report