From the category archives:
We’ll have to see where gold ends, the day, but it started the morning strong. Strong enough that I made new recommendations for Red-Hot Commodity ETFs and Red-Hot Global Small-Caps. Then gold turned lower. Dang!
These positions are small and we’re using stops, so if the market turns against us, it won’t hurt that much. And meanwhile, [...]
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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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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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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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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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Here’s what I am reading today …
ASIA
Japanese Business Confidence Plunges Most in 34 Years as Recession Deepens Sentiment among Japan’s largest manufacturers fell the most in 34 years, signaling companies are likely to cancel spending plans and cut more jobs, pushing the economy further into recession.
China Plans to Increase Money Supply [...]
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Man, you guys had fun while I was away. And look at this welcome-home party! Stockscratered at the open, as Republican senators refuse to goalong with the Detroit bailout package.
On the other hand, we probably would have had “sell-the-news” stock dump even if thebailout package did pass. The economic environment is terrible. As Calculated Risk [...]
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The US government is bankrupting our economy by burning through hundreds of billions of taxpayer dollars in the form of bailouts to Paulson and Cheney cronies. American Express is getting bailout money?Seriously? American Express could vanish off the face of the Earth and we’d hardly notice. I think it telling though, that American [...]
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The morning rally in gold has faded. The market is going downhill in a hurry. Whatever bounce associated with the election seems to be fading.
Barack Obama’s Yuan Calls May Place U.S. on Collision Course With China Barack Obama’s calls for changes in China’s yuan policy may put the president-elect on a collision course [...]
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