Our government is achieving more success in re-inflating our bubble economy as they compel the consumer to spend more than they earn. Today's release of the Personal Income and Spending report along with the ISM Manufacturing report gives yet more evidence that we have learned nothing from the credit crisis which nearly brought down the entire global economy.
International ETF’s May Provide All the Currency Exposure an Investor Needs
The majority of the financial ‘experts' in the world did not see the credit crisis coming, including the Federal Reserve, SEC, numerous Congressional committees with financial and regulatory oversight, and certainly not the heads of the financial institutions that failed or required a federal government orchestrated ‘bailout' to stay in business.
Silver's recent rallying action is starting to catch traders' attention. Since the end of its latest correction in early February, this white metal has surged 23% higher. It has well outperformed gold, which only climbed 9% over this same 9-week span. And based on silver's strong historical relationship with gold, odds are today's silver rally is only beginning.
With the sharp sell-off Friday in Goldman Sachs (NYSE: GS) stock prices, it's good to take a step back and see the effect the sell-off has had on the broader Financial Sector, and perhaps the quickest way to do so is to look at the charts of the AMEX Sector SPDR ETF (NYSE: XLF) to assess key potential support levels and what the chart looks like on both the daily and weekly frame.