Monday, December 1, 2014
Some Monday news
Well, gold has popped above its SMA(50), and with a big nice white candle too. So is it party time yet? I'm going to wait and see.
Anyway, here's some reading:
New Deal Demoncrat - ten year gas chart. Money in consumer's pockets, therefore sell.
Calculated Risk - November ISM at 58.7. New orders up, prices down. Therefore sell?
FT Alphaville - an end to the great European bank deleveraging? God, I hate headlines with question marks.
Gavyn Davies - oh great, UK is going to pursue austerity again. Sell the UK, they're going to go back into recession. I guess they haven't slaughtered enough of the working class yet.
FT Alphaville - the commodity ecosystem is collapsing. I don't doubt that's what everyone thinks. However, I think it's only happening because the price-gouging international banker speculators are all leaving the market.
Mineweb - miners "covering their eyes" as China commodity cliff looms. Huh? What? A transition to a consumer-led economy doesn't mean the end of commodity consumption. Consumers consume commodities!
New York Review of Books - how Putin and his cronies stole Russia. The idea is that he's been at it for 20 years, not just the past few. Oh, and Gerhard Schroder is one of his paid stooges, as are a large number of German politicians and businessmen - what's that about Germany not being corrupt again? Oh, and a link to the Interpreter, which seems like an interesting Russia blog.