Global Market Comments for November 5, 2008 Special Gold Issue Featured Trades: ($GOLD) 1) Last year, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a [...]

Global Market Comments for November 4, 2008 1) It all comes down to the Senate today. If the Democrats win 60 seats they will have a supermajority that will give Obama a blank check. Less than that, the republicans can fight a bitter rear guard action with a filibuster. Our first read will come with [...]

Global Market Comments for November 3, 2008 1) First quiet day in the markets in two months. All is now on hold until after the election. An Obama win is already priced into the market, but the makeup of the House and Senate is not. McCain needs to pull an inside royal flush to win. [...]