I’m speaking in Phoenix today. We haven’t looked at this one in a while, but here’s a chart of gold versus the US dollar, the S&P 500, the Dow and the CRB.
you can see that, like the last time we looked at this chart, both gold and the dollar are outperforming the market. But here’s something new — notice how gold is gaining on the dollar? I find that very interesting.
Everyone asks me for stock picks at these conferences. My main picks are in gold and silver, and my subscribers know them well. But what if I had to make picks outside of gold and silver? That’s tougher. Here are two I might give the audience …
First, Netflix.
It makes sense that Netflix is doing well. Movies did well during the last Great Depression, and Netflix offers a cheap way to entertain your family.
And now my second pick: Hormel.
I got a triple-buy signal on Hormel on Thursday, but unfortunately, it really doesn’t fit into the portfolios of Red-Hot Global Small-Caps or Red-Hot Commodity ETFs — unless you consider spam a commodity, LOL. Why is Hormel doing well? I guess as money gets tight, people eat more spam. Also, Hormel is becoming bigger, and moving into big-cap indices.
Related posts:
- This Afternoon’s TV Appearance I’m appearing on Fox News today, from 2:20 to 2:26, on “America’s Pulse w/ Edie Hill,” talking about oil...
- Update on Gold, Guns and Spam There is news on guns. First, it turns out that gun sales and applications for concealed weapons permits are soaring...
- Charts of Interest Here are some charts from a special report I sent to my subscribers today … First, a chart showing how...
{ 2 comments… read them below or add one }
Re your article Gold, Guns & Spam, I get the feeling that you don’t appreciate the NRA for its defense of gun ownership, especially if its positions seem to be anti-Pres Obama. The NRA simply presents facts. The facts are that Congress is loaded with anti-gun members. Many of Pres Obama’s advisors are fierce anti-gun activists. With that combination in power, their past efforts to restrict 2nd amendment rights will look like kindergarten. Pres Obama doesn’t have to do a thing except sign the bills that will be presented to him. More insidious will be the efforts by his staffers and administrators to change existing laws by changing the way they are enforced, while Pres Obama looks the other way.
I am the NRA.
Sean Brodrick Reply:
March 4th, 2009 at 10:23 AM
Everyone has an agenda. Obama has his, and I think his plate is full with the economy right now. The NRA has its agenda, and to say the NRA stretches the truth to suit its agenda is being kind.
I’m not anti-gun. In fact, my editor cut a humorous section from my Money and Markets column about my efforts to buy ammunition at Wal-Mart (at least, I thought it was humorous). They’re just sold out a lot. That doesn’t make me anti-Wal-Mart.
I am for responsible gun ownership. I am also anti-hysteria. So yes, maybe I don’t “appreciate” the NRA. If you want to take everything the NRA says at face value, I’m fine with that. It doesn’t hurt me (except that ammo is scarce).
What do you think the future of Forex holds? Technology plays a huge role in future decisions. Thanks for the post.