When the time for performance comes the time for preparation has passed.
Gold has powered higher at an incredible and, for many, unexpected rate going from FRN$1,658.75 in the 5 Aug PM London fix to FRN$1,761.50 at 6am 9 Aug London time. The DOW:GOLD ratio has plummeted to around 6.15. Hope you are strapped . . . → Read More: Being Positioned And Prepared For The Unexpected
In February 2010, I had the opportunity to visit Pudhuaaru KGFS in Thanjavur. This is a remarkable project which helps us see the interface between households and the financial system in a wholly new light.
What a difference 17 months makes! On that visit, I had found a little tenuous Reliance CDMA cover at . . . → Read More: Household financial choice of the hapless households of India
Late yesterday the bullion desk manager let me know that one of “my clients” had sold up. By “my clients” she meant clients I knew from when I worked on the desk, which was a long time ago.
This client bought $400,000 of gold about 15 years ago and sold it yesterday for $1.2 . . . → Read More: Turning $400k into $1.2m
At 7:30 AM EDT, the NFIB Small Business Optimism Index for July will be released, providing information regarding the health and confidence of small businesses in the United States.
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis . . . → Read More: Economic Events on August 9, 2011