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By Kurt Kasun, greenfaucet.com

It appears that one of two scenarios is developing. Scenario A, "the meltdown scenario" means that we are in the thick of things now. This would actually be preferable to Scenario B, "the reflation scenario", which would result in an even greater meltdown after a significant "tradable bounce". Rarely does one day of trading reveal much, but Friday's trading was spectacular. It appeared that scenario A was in effect as gold moved sharply higher at the opening and the other commodities (keep your eye on silver and oil and its relationship to gold) moved lower with the overall market. But silver and oil scored extremely impressive reversal rallies with oil's gains ...

By Jim Welsh, greenfaucet.com

Last month, I wrote, "I would not buy Treasury bonds. Even though there is a mountain of supply coming, the economy is likely to remain weak enough to keep yields from climbing much above 4% on the 10-year Treasury. That means it's too early to short them either."

Given that the 10-year Treasury yield has collapsed from 3.51% to 2.2% since last month's letter, I guess I could say my analysis was right on. HA! I never thought we'd see Treasury yields this low. With the Federal Reserve also ‘evaluating the potential benefits of purchasing longer-term treasury securities,' anyone shorting bonds better be nimble. At some point, the 10-year Treasury will likely test 3.07%, which ...

Everyone's discussing the looming stimulus package, but what do you really know about it? Turns out you can see this little piggy in full detail quite easily at this fantastic new website: www.ReadtheStimulus.org

Why is this site so great? Let's say I wanted to point out one of the many outrages in the bill-- say hundreds of millions of new dollars for Amtrak. Well, if relying just on government releases of the bill, I'd have to link to some giant pdf file that readers would have to first click on, then scroll through hundreds of pages to get to a specific item. In other words: it'd never happen.

With this site, however, I can just say, check out this nonsense: $800 million for Amtrak

...and bang! ...

By Chip Hanlon, greenfaucet.com

Markets rightfully disliked our last president (S&P 500 down 39% during his eight years), but they clearly don't trust this new one, either (same index down 18% since election day). It's a fair conclusion if this article signals where we're headed.

If Obama starts with the currency, it is reasonable to fear he'll shill for unions and eventually pursue protectionist policies, as well. Trade war in our future? Just what we need...