From the monthly archives:
Gold soared this morning, so I feel vindicated, if not fine.
You saw the gold chart I posted yesterday. Today’s chart is more of the same, only with surging volume, as gold rises to a 3-month high.
That’s usually a bullish sign. The question before us now is, is this a real breakout or the mother-of-all fakeouts? Remember, [...]
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Bloomberg reports that Barrick Gold (ABX: 41.63 +0.92 +2.26%) boss Peter Munk sees a “frightening trend” in gold …
Munk, founder of Toronto-based Barrick, the world’s largest gold producer, said he has received an increasing number of calls from wealthy investors looking for ways to buy bullion. While that is positive for the metal market, it is [...]
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Chart of the ever-lovin’ day …
This chart is just the beginning of the new report I just sent to my Red-Hot Global Small-Caps subscribers, “3 Red-Hot Picks From Vancouver.” If you’re a subscriber, look in your in-box. If you’re not a subscriber, you can change that pretty quickly and act on these three recommendations immediately: click [...]
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I’m busy getting ready for my trip to Vancouver and the 2009 Vancouver Resource Investment Conference this weekend. So I’ll keep this brief.
First, a chart of Agnico-Eagle Mines (AEM: 57.55 +1.15 +2.04%). This will be of interest to my Red-Hot Global Small-Caps subscribers as well as anyone who bought by “Golden Parachute for 2009″ report …
Gold [...]
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The gold stock I recently recommended in Red-Hot Global Small Caps is doing well, but be careful. I’m watching gold like a hawk as it pushes up against overhead resistance …
Looking at a weekly chart, we can see that gold is still in a downtrend. It needs to break out of that downtrend for gold [...]
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Here’s a scary chart from the Council on Foreign Relations, showing that foreigners are buying far fewer long-term US bonds than they used to.
You can draw your own conclusions.
Meanwhile, just how bad off is Chrysler? So bad off that, when Fiat basically gets a third of the company for no money, we still have to [...]
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Great speech by President Obama today. See how he addressed the core crises facing America today …
“That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the [...]
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I thought we were getting to $33 oil, I just didn’t think it would happen so fast.
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I believe OPEC producers are desperate for cash. This should keep downward pressure on oil prices.
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Yesterday I added some positions to play a potential rally in the U.S. dollar and short-term decline in gold. Let’s look at some of those trades …
(UUP: 22.83 -0.11 -0.48%) aims to track twice the daily movement in the U.S. dollar versus a basket of currencies. Yesterday was a good day to add it. It [...]
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