Everybody says not to worry about the “fiscal cliff.” And that scares the heck out of me.
Our elected officials in Washington D.C. tell us not to worry about the looming tax hikes and spending cuts scheduled to take place on January... read more »
November 29, 2012 5:17 pm / no comments
Don’t worry if you missed last week’s rally in the stock market. You should get one more chance to buy later this week.
All of the major indexes posted strong gains last week. The S&P 500, for example, was up almost 4%. And the... read more »
November 27, 2012 7:29 pm / no comments
You either believe in the prospects for a year-end rally in stock prices or you don’t.
If you do believe – and if you read what I wrote here and here – you probably bought into last week’s decline. And you should still be buying... read more »
November 21, 2012 7:45 pm / no comments
Everything is falling into place for a year-end rally in the stock market.
Last week, we took a look at the U.S. Dollar Index. And we noted how it was zeroing in on the upside target we set for it a couple months ago.
Since stocks tend... read more »
November 13, 2012 7:13 pm / no comments
In five days, my beautiful bride and I will celebrate our 20th wedding anniversary.
She believes a brand-new, 2013 Range Rover is the appropriate gift to mark such an occasion. But I’ve been told platinum is the traditional 20th anniversary... read more »
November 1, 2012 5:30 pm / no comments
It has been a bad week for Wall Street.
The S&P 500 lost 1.5% last week. Bank stocks fell almost 2.5%. Precious metals were down anywhere from 0.2% to 4.4%. Crude oil dropped 5%.
And as if all that wasn’t enough, the market... read more »
October 30, 2012 3:28 pm / no comments
Don’t hide from this stock market decline.
Stocks are selling off. The S&P 500 is down 4% over the past week. It has given back all its gains since the Fed announced a third quantitative easing program last month. And it looks like... read more »
October 25, 2012 1:00 pm / no comments
It’s time for a pause in the gold-stock rally – not a dramatic selloff, just a brief pause.
As you can see from the following chart – which compares the Gold Bugs Index (or “HUI”) to the price of gold – the sector is... read more »
October 16, 2012 6:34 pm / no comments
When it comes to trading gold, it pays to watch what the commercial traders are doing.
Commercial traders are the so-called “smart money.” They’re merchants, miners, explorers, or bankers in the gold business. They use futures... read more »
October 9, 2012 4:24 pm / no comments
Forget about gold and silver for a while. There’s a better trade taking shape in a different metal.
As I mentioned last week, gold is in need of a break. It ran up ahead of the Fed’s latest quantitative easing announcement, and it... read more »
September 25, 2012 6:28 pm / no comments