From the monthly archives:
This morning, we saw gold pull back, but buyers are coming in. We’ll see where we end the day. A look at a weekly chart of gold may be helpful…
As you can see, gold is up against overhead resistance from last July’s high. It may pull back here before going on to test all-time highs [...]
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I just recorded an interview with Phil at HoweStreet.com a few minutes ago. You can listen at:
http://tinyurl.com/c6rjxc
Here is the MoneyandMarkets.com column we talk about: 5 Rally Killers and How to Profit From Them.
And there’s more bullish news on gold …
Demand for gold surpassed $100 billion last year for the first time ever, amid increased industrial [...]
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Sino Gold is one of the positions we’ve held in Red-Hot Global Small-Caps for awhile. I just recommended adding to the position yesterday. If you bought the U.S. tracking stock, you should have been filled pretty easily yesterday. If you placed an order to buy Sino Gold in Australia, you should have been filled on [...]
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Stocks are heading lower and gold and silver are heading higher this morning. Gold is breaking out through overhead resistance (again!) as is the U.S. dollar. For a change, gold is outperforming silver, so far anyway. We’ll see where we end the day. Meanwhile, here’s what I am reading …
Another $3T of U.S. Debt: Don’t [...]
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Which of these three charts do you think spells more trouble?
Already, U.S. foreclosures have topped 250,000 for the 10th straight month. This chart tells me that there is plenty more pain to come.
Nominal retail sales decreased 10.6% year-over-year (retail and food services decreased 9.7%), real retail sales declined by 10.9% (on a year over year [...]
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Gold? ZOOM! Silver? ZOOM-ZOOM! Both are heading higher today, making the timing of my new MoneyandMarkets.com column all the better…
Gold and the Fear Trade
There are some great charts in my MoneyandMarkets.com column today, so I highly recommend it, and not just because I wrote it. And there are new developments. In the column, I talk about [...]
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Did you see the interview CNBC did with Nouriel Roubini and Nassim Taleb yesterday? Both are widely respected economists and analysts who have been dead-on predicting the crisis we’re in. And both were treated like side-show freaks by the CNBC babbling heads yesterday.
The CNBC talkers insist on referring to Roubini and Taleb as “Doctor Doom” [...]
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This is must-see video from Representative Paul Kanjorski, the Capital Markets Subcommitee Chair. He says that back in September, we were literally 24 hours away from a complete meltdown in our economic and political system.
Some truly amazing quotes in here. Just a piece of it …
“Here’s the facts. And we don’t even talk about these [...]
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Here’s some eye ear candy — a video of melodies derived from StockCharts, using the Microsoft Songsmith tool. These charts are familiar names …
If you’re on the road to ruin, at least you can have a melody to take you there.
Robert Reich has a good column today: Playing Politics While the Economy Burns.
Are things getting [...]
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Here’s my latest interview with HoweStreet.com: http://tinyurl.com/dmmx3o. As usual, Phil and I have a lot of fun.
Here’s a grim analysis of the problems we face: “By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression.”
That’s not me saying that, [...]
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