Today’s Call: British Pound to Rise vs. US Dollar. Currently 1.67/1.00.
Rationale – Combination of Tourist demand for pounds and patriotic sentiment increasing demand for pounds during Royal Wedding weekend.
Result of Call for April 26, 2011: Japan Government Bond (JGB) 5 year yield to fall. Was 0.49%. Currently 0.48%. Good Call
Calls to Date: Good Calls: 9, Bad Calls: 9, Batting .500
Today’s Call: May 11 Soybeans to rise. Currently 1350-2.
Rationale – Result of continued storm activity in South and flooding in Mississippi valley to continue to drive speculation of lower crop yields in the US.
Result of Call for April 25, 2011: US Dollar Index to rise. Was 74.19, Currently 73.11. Bad Call
Calls to Date: Good Calls: 8, Bad Calls: 9, Batting .470
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At NW Everett and Broadway the bikeman whom we affectionately call “Fro-man” jumps out at cyclists like Dr. J in his younger years to cheer them on their way. “Round the back, through the hoop, and you scream touchdown?, U B illin”, apologies to Run DMC.
Today’s Call: USD Index to fall. Currently $73.35
Rationale – US Treasury Secretary Timothy Geithner gave a speech reiterating that the “Strong Dollar Policy” was still being pursued. Again, statements such as these should be traded against.
Result of Call for April 21, 2011: Oil PPB to rise. Was $111.78, Currently $113.36. Good Call
Calls to Date: Good Calls: 8, Bad Calls: 8, Batting .500
Today’s Call: Japan Government Bond (JGB) 5 year yield to fall. Currently 0.49%.
Rationale – Anticipation of combination of FED signaling continued easy money policies coupled with BOJ bond purchases in wake of disaster increasing price of JGB farther out on the yield curve.
Result of Call for April 20, 2011: Greek 5-YR Sovereign Credit Default Swap to rise. Was 1325.70. Currently 1474.70. Good Call
Calls to Date: Good Calls: 6, Bad Calls: 7, Batting .462
The First Mint Finger Puppet Theatre, a satire of Ben Bernanke’s upcoming press conference. Enjoy:
Today’s Call: US Dollar Index to Rise. Currently 74.19
Rationale – Dollar Oversold, Short Covering Rally, FED to work to control inflation.
Result of Call for April 19, 2011: Silver Price per Oz to fall. Was $44.07, Currently $47.00. Bad Call
Calls to Date: Good Calls: 5, Bad Calls: 7, Batting .417
Yesterday a bill to ban plastic bags in Oregon narrowly made it out of committee to the Oregon legislature. Perhaps not coincidentally, we had just returned from shopping at a Fred Meyers in Portland.
Hailing from Beaverton, we realized that the clerk had not asked us the age old question, ‘ paper or plastic?’
You see, Freddy’s stores in Portland began to voluntarily pull plastic from the list of bagging options in anticipation of a similar ban that the city of Portland was considering last year.
At The Mint, we have no strong feelings on the matter. We must say, however, that gave us a nostalgic feeling to carry our groceries in a bear hug rather than feel the plastic handles dig into our skin.
Whether or not the bill becomes the law of the land in Oregon one thing is for sure, its passage would be a welcome piece of news to the State’s ailing Timber industry.
“Paper please”
Enjoy a Happy Easter and stay fresh!
Today’s Call: Oil PPB to rise. Currently $111.78
Rationale – News from Libya indicates protracted conflict with implications for crude oil supply chains, knockoff effects.
Result of Call for April 18, 2011: Gold to rise. Was $1,496, Currently $1,508.60. Good Call
Calls to Date: Good Calls: 5, Bad Calls: 6, Batting .4545
As one starts to maneuver to anticipate the traffic light @ NW Everett, from the bike lane below @ Broadway & Flanders a bikeman sporting a mohawk, no doubt an homage to Mr T looks up as if to say “I PITY THE FOOL THAT DOESN’T MAKE THE LIGHT!”
Today’s Call: Greek 5-YR Sovereign Credit Default Swap to rise. Currently 1325.70.
Rationale – Greek Government issues statement that debt is ‘absolutely sustainable.’ Announcements of this sort generally are at best wishful thinking and at worst blatant lies.
Result of Call for April 15, 2011: USD Index to Fall. Was 74.84. Currently 74.37. Good Call
Calls to Date: Good Calls: 4, Bad Calls: 6, Batting .400
Today’s Call: Silver Price per Oz to fall. Currently $44.07
Rationale – Anticipation of Profit taking or unforeseen event.
Result of Call for April 14, 2011: US Treasury 10 Yr Bond Yield to rise. Was 3.485%, Currently 3.356%. Bad Call
Calls to Date: Good Calls: 3, Bad Calls: 6, Batting .333
Anyone who wants to understand the importance of Silver and generally using honest weights and measures should check out Jason Hommel’s The Silver Stock Report at http://silverstockreport.com and the Silver Liberation Army here on Facebook. This movement is truly gaining steam and it is quite exciting to watch.
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Thanks to the folks at Standard & Poors and Evo Morales, tonight I see a Silver Moon Rising (with apologies to CCR)!
Today’s Call: Gold to rise. Currently 1,496
Rationale – Anticipation of Central Banks replacing US Treasury Holdings with Gold as a result of S&P downgrade of US Debt outlook to negative.
Result of Call for April 13, 2011: December 2011 Corn Contract price to rise. Was $6.45, Currently $6.68. Good Call
Calls to Date: Good Calls: 4, Bad Calls: 6, Batting .400
As you cruise past NW Broadway & Glisan, at this point preparing to dodge an errant motorist, the cyclist comes upon this Bikeman marking the lane in what we can only guess is an homage to Richard Simmons in his trademark wrist and headbands…
Descending into downtown Portland after riding over the Broadway bridge, the cyclist finds him or herself whizzing over a well marked bike lane with a number of friendly faces to greet them on this stretch of pavement.
Below is the friendly face @ Broadway & NW Hoyt…not coincidentally near the main Post Office…
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