Posted a new article on the current threats to the price of gold and the dangers of thinking gold will continue to move in relation to historical factors. Link can be found on the Articles section of the website.
The Swiss National Bank set a ceiling for the currency at 1.20 to the EURO, starting a new standard in currency intervention. The interesting thing to watch in this scenario would be the reaction in the JPY. With the Yen as the only safe haven currency that isn’t correlated to the Euro crises, it could see a rise in strength unless the government can come together after the recent elections and make similar moves in their currency market.
With Employment Friday upon us it will be as important to see the reaction to the numbers though out the day as the initial. Good numbers will show that the US is improving and the economy is not on as bad footing as August was telling us, rallying stocks. Bad numbers could spur investors to rally stocks as the probability of QE3 will be that much closer to a reality. Due to this bad numbers could provide a good buying opportunity for large cap, stable dividend plays.