Phantasmix Stock Blog » • Currencies and Inflation http://www.phantasmix.com Trading stocks and options -- contact @ phantasmix.com Mon, 12 Jul 2010 03:41:15 +0000 http://wordpress.org/?v=2.8 en hourly 1 $$ Mortgage Resets, Real Estate Time Bombs http://www.phantasmix.com/mortgage-resets-real-estate-time-bombs.html http://www.phantasmix.com/mortgage-resets-real-estate-time-bombs.html#comments Wed, 20 Jan 2010 15:53:28 +0000 Phantasmix http://www.phantasmix.com/?p=3570 This is from the UK:

timebomb

And this is from the US:

a bit outdated
loan-resets

In Canada, we will probably have the same but with a bit of a delay.

I squint just thinking about another potential “double dip” in the economy. Lots of people around me are getting that glint of hope in their eyes again, work is starting to pick up. Would hate to see these “green shoots” :) destroyed by the second wave of mortgage defaults.

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]]> http://www.phantasmix.com/mortgage-resets-real-estate-time-bombs.html/feed 0 $SPX vs $GOLD, Charts http://www.phantasmix.com/spx-vs-gold-charts.html http://www.phantasmix.com/spx-vs-gold-charts.html#comments Mon, 23 Nov 2009 06:32:28 +0000 Phantasmix http://www.phantasmix.com/?p=3418 Interesting chart, S&P 500 versus Gold spot price.
In terms of gold, S&P is at Fall 2008 levels!

Click to enlarge
spx-gld

And here’s the same relationship but with Gold in terms of S&P:

gold-spx

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]]> http://www.phantasmix.com/spx-vs-gold-charts.html/feed 0 $SPX / $USD 3-Year Weekly Chart http://www.phantasmix.com/spx-usd-3-year-weekly-chart.html http://www.phantasmix.com/spx-usd-3-year-weekly-chart.html#comments Wed, 07 Oct 2009 02:43:06 +0000 Phantasmix http://www.phantasmix.com/?p=3356 One of those things that are useless for short-term trading but interesting to look at – the big picture.

$SPX is candles, U.S. dollar is the black line. Not always perfectly correlated, but clearly that’s the game for now.

spx-usd

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]]> http://www.phantasmix.com/spx-usd-3-year-weekly-chart.html/feed 0 Questrade — Gold Bullion Now Available On Margin http://www.phantasmix.com/questrade-gold-bullion-now-available-on-margin.html http://www.phantasmix.com/questrade-gold-bullion-now-available-on-margin.html#comments Mon, 28 Sep 2009 12:38:13 +0000 Phantasmix http://www.phantasmix.com/?p=3023

Questrade offers 80% loan value on gold bullion in non-registered accounts. You can buy gold on credit and borrow on the bullion already in your margin account.

More info @ Questrade

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]]> http://www.phantasmix.com/questrade-gold-bullion-now-available-on-margin.html/feed 0 Food Inflation http://www.phantasmix.com/food-inflation.html http://www.phantasmix.com/food-inflation.html#comments Wed, 09 Sep 2009 00:05:02 +0000 Phantasmix http://www.phantasmix.com/?p=3127 Every time they run out of something at the grocery stores the price is always higher after re-stocking, without exception. Be it 20 or 40 cents, but it’s always higher.

And I noticed things go out of stock a lot faster (credit issues? other reasons for stocking less?), which means the prices go up quite often. It’s been happening for at least 18 months now.

Food inflation is rampant, despite the fact that the Canadian dollar is doing really well.

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]]> http://www.phantasmix.com/food-inflation.html/feed 0 $USD U.S. Dollar Chart, Falling Wedge http://www.phantasmix.com/usd-u-s-dollar-chart-falling-wedge.html http://www.phantasmix.com/usd-u-s-dollar-chart-falling-wedge.html#comments Mon, 31 Aug 2009 01:13:19 +0000 Phantasmix http://www.phantasmix.com/?p=3094 Ha, I use 2 different variations of my first name. Depending on that my name anagram comes to BLUNTER SHOVE or NERVOUSLY BEAT. The first one is a disturbingly accurate description of (some of) my traits.

U.S. Dollar

(see, pretty blunt)

Very short term but still, possible falling wedge — a bullish reversal pattern — is developing on the U.S. dollar chart. Imo dollar going up won’t necessarily hurt gold because in the last couple of weeks both gold and the dollar were advancing at the same time, at least a few times.

Click to enlarge
usd_aug28

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]]> http://www.phantasmix.com/usd-u-s-dollar-chart-falling-wedge.html/feed 0 $GLD Gold ETF Daily Chart http://www.phantasmix.com/gld-gold-etf-daily-chart.html http://www.phantasmix.com/gld-gold-etf-daily-chart.html#comments Wed, 26 Aug 2009 03:05:45 +0000 Phantasmix http://www.phantasmix.com/?p=3087 (GLD: 114.288 +0.45%), SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

  • Inverse head and shoulders (bullish pattern)
  • Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.

gld_aug25

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]]> http://www.phantasmix.com/gld-gold-etf-daily-chart.html/feed 2 $USD Chart, June 30th http://www.phantasmix.com/usd-chart-june-30th.html http://www.phantasmix.com/usd-chart-june-30th.html#comments Tue, 30 Jun 2009 22:50:14 +0000 Phantasmix http://www.phantasmix.com/?p=3016 US Dollar Index

I looked at this chart on June 22nd. I wasn’t sure if the pattern that was building was bullish or bearish. It didn’t exactly break out, there’s now an extension to that ‘whatever-it-was’.

And I’m now leaning towards it being a bull flag (= falling wedge).

Dollar daily cycle low is due any day now. Today is day 20 of the daily cycle that usually lasts between 18-28 days according to The Smart Money Tracker.

If current dollar-market relationship doesn’t change, then U.S. dollar going up would be bearish for the market.

jun30_usd

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]]> http://www.phantasmix.com/usd-chart-june-30th.html/feed 0 Japan Considering Taxing Cash http://www.phantasmix.com/japan-considering-taxing-cash.html http://www.phantasmix.com/japan-considering-taxing-cash.html#comments Wed, 24 Jun 2009 04:14:48 +0000 Phantasmix http://www.phantasmix.com/?p=2999 Damned if you save, damned if you don’t…

Source: Times Online

Japan Considering Taxing Cash; “Nominal Rates of -4% Might be Closer to What is Required to Rescue the Economy from Another Deflationary Spiral”

Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”, the recommendation has nevertheless begun floating around Tokyo’s corridors of power and economists have described Japan as particularly suitable as a testing ground.

I don’t know why they say it’s unorthodox and never tried before. Sweden has done it before, albeit in a slightly different form.

Edited to add: “Apart from France, within Europe, Greece, Norway, Switzerland, the Netherlands and Liechtenstein impose a wealth tax, although often with lower rates and higher thresholds of imposition than in France “

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]]> http://www.phantasmix.com/japan-considering-taxing-cash.html/feed 0 $USD Chart, June 22 http://www.phantasmix.com/usd-chart-june-22.html http://www.phantasmix.com/usd-chart-june-22.html#comments Tue, 23 Jun 2009 03:13:23 +0000 Phantasmix http://www.phantasmix.com/?p=2986 I’m not sure if this is a bear flag (chart 1) or an ascending triangle (chart 2). Will the dollar go up or down in the next month or so? Can’t really be the triangle because normally it’s a continuation pattern, that is if the dollar was going up before the triangle formed, then it would be a valid ascending triangle.

So I guess a bear flag – or a rising wedge – it is.

Regardless of the type (reversal or continuation), rising wedges are bearish.

$USD down = stock market up.

jun22_usd2

jun22_usd

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