Category Archives: Financial

Whoever Has the Most Gold Wins – Part III

Posted on June 4, 2012 by DRenegade

China is doubling down on gold. Although the total gold purchased is unknown, the amount purchased from Hong Kong was 3.2 million ounces or over $5 billion in April. China realizes that whoever has the most gold wins, but most … Continue reading →

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Who Is Propping Up US Financial Stocks?

Posted on June 4, 2012 by DRenegade

The above graph shows a complete correlation between US financial stocks and financial credit until the middle of 2011. As credit collapses, the bank stocks have not reacted as expected. There are only two conclusions possible: 1. The historical connection … Continue reading →

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Decoupling

Posted on June 1, 2012 by DRenegade

Dow Jones Industrial Average as of 10:00 AM, 6/1/2012 Gold as of 10:00 AM, 6/1/2012 Dow Jones Industrial Average as of 10:30 AM, 6/1/2012

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European Bank Runs on the Horizon According to Top Economic Official for the European Commission

Posted on May 31, 2012 by DRenegade

The news concerning the collapse of the Euro and the Euro zone has been non-stop. After 21 Greek bailouts, you would think that the boy who cried wolf would be ignored. Well, actually the world’s economic community has ignored the … Continue reading →

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A Bad Market Trend Today

Posted on May 31, 2012 by DRenegade

The market dropped 96 points in the last half hour of trading today. 65% of the total trading volume for the day occurred in this period and trading for the day was almost double the recent average. The end of … Continue reading →

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Freemen, Voting and Eric Holder

Posted on May 31, 2012 by DRenegade

I have had several discussions recently about how to “fix” the Constitution. The fixes (not meant to be inclusive) are simple: 1. Article 1, Section 8 – enumerated powers: Add “and this time, we mean it.“ The preamble would not … Continue reading →

Posted in 2nd Amendment, Editorial, Elections, Financial | Tagged , | 2 Comments

US Planned Layoffs Jump 53%: Challenger Report

Posted on May 31, 2012 by DRenegade

Job cuts jumped by 53 percent in May from April in the United States, with Hewlett-Packard’s layoffs propelling the computer industry to the top spot among the biggest job cutters this year, a report by consultancy firm Challenger, Gray & Christmas showed on Thursday. … Continue reading →

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How To Lose All Your Money With Goldman Sachs

Posted on May 31, 2012 by DRenegade

It seems the Muppets have been well-and-truly Oscar’d this time. Combining Goldman’s once-in-a-lifetime equity buying opportunity position recommendation with their short Treasuries trade has produced an astoundingly un-positive return of -29% in just 48 days (based on SPY (stocks) and TBT (ultra-short … Continue reading →

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Will Suicide Become Our Country’s Legacy?

Posted on May 30, 2012 by DRenegade

Another pensioner has committed suicide in Greece due to overwhelming personal debt. Despair over his unborn grandchildren’s future and the fate of his country were listed in his farewell note. The people of Greece made a fatal mistake: they transferred … Continue reading →

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UPDATED: THE END HAS BEGUN…

Posted on May 30, 2012 by LT

UPDATE: EURUSD ended under 1.2400, and 2Y Bunds at 0.00% yield. Financials underperformed in stocks and credit with senior bank spreads back up to 300bps and LTRO Stigma jumping 12bps to 177.5bps (near record wides).   All European equity indices are … Continue reading →

Posted in Civil Unrest, Editorial, Financial, Safety and Preparedness, Uncategorized, War | 11 Comments

Bank of America – Zerohedge Analysis

Posted on May 30, 2012 by DRenegade

Spot The Odd One Out From last Wednesday’s ECB rumor that ramped stocks higher and financials more than anything else, Goldman and JPMorgan have retraced it all and the rest are reverting rapidly on the total refutation of any rumors. … Continue reading →

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UPDATE: PNSN Sells ‘Assets’ Including Segregated Funds

Posted on May 30, 2012 by LT

UPDATE 5/30-1100EDT: PNSN now trading at 0.20/share with no volume to speak of. FORM 8k Filing 29-May-2012 – Entry into a Material Definitive Agreement, Costs Associated with Exit… On May 28, 2012, Penson Financial Services, Inc. (“PFSI”), the U.S. broker-dealer subsidiary … Continue reading →

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European Hail Mary or End Run?

Posted on May 30, 2012 by DRenegade

The call for direct capitalization of Euro zone banks by forming a banking union is definitely a hail Mary to save Spanish and Greek banks. Although this is only a “call”, Germany will never support it and at some point, … Continue reading →

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Delay and Pray

Posted on May 29, 2012 by DRenegade

httpv://www.youtube.com/watch?v=Hewp50fHOvU From Zerohedge.com: Repress extend-and-pretend; dismiss the can-kicking; and forget fake-it-til-you-make-it; Charles Biderman of TrimTabs recalls Jim Bianco’s quote of the day onSpain’s ‘Delay-and-Pray’ as the new normal for what is rapidly moving beyond farce in Europe. Beginning with the … Continue reading →

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The Bernanke Bust

Posted on May 29, 2012 by DRenegade

by Michael Pollaro To Austrians, all economic “booms” founded on monetary largesse always end in economic busts, roughly equal in size and intensity to the preceding booms. By distorting interest-rate and price signals and, as a consequence, creating malinvestments that must eventually be liquidated, … Continue reading →

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