From the category archives:
Deflationary forces are pushing the price of gold lower. However, beyond the short-term price for paper gold, some of the news is surprisingly bullish. I’m putting out an update to my recent gold report today, with some very interesting news on supply and demand. The director of the World Gold Council was [...]
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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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Today I watched with morbid fascination as the price of oil hit a 21-month low of $59.10 only a few hours after trading above $65. The amusement came from the market’s realization that China’s $586 economic stimulus plan wouldn’t do squat to prop up weakening demand for crude.
Oil prices had also been supported two OPEC [...]
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Sorry I didn’t post yesterday. I spent much of the day wrestling with a magnum-opus, way-the-heck too-long Money and Markets column, which I have since dumped on my long-suffering editor’s lap. The best way to cut it would be with a straight razor and a bottle of whiskey. Better him than me.
Anyway, it’s [...]
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The S&P 500 is very close to giving a weekly ‘buy’ signal.
We are very close to an “outside reversal” candlestick on a weekly chart of the S&P 500. It just has to go 5 points higher than it has already. If it does — and the S&P 500 ends the day positively — [...]
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Our remaining short positions got cleaned out yesterday and this morning (ouch!) and now the market is waiting with bated breath to see if the Federal Reserve cuts the Fed Funds rate by 50 basis points (expected) or more or less (really not expected).
There are several technical — and temporary — reasons the [...]
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I’ve been talking recently about how the credit crunch may slow project development in both energy and gold. Here are two examples …
Credit Crisis May Block, Delay 20% of Deepwater Rigs, Slow Petrobras Boom As many as 20 of the 100 deepwater oil rigs on order worldwide may be delayed or canceled as [...]
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This week, I wrote a MoneyandMarkets.com article, “Yes, We Have No Silver“, about my experiences trying to buy physical silver. I mentioned the Northwest Territorial Mint. I just received a letter from one of the fine folks who works there. It reads …
Hello Sean,
I read your article today speaking of the lack of silver [...]
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The babblers on CNBC are speaking in tones usually reserved for funerals this morning, as the S&P 500 futures go limit downand Dow futures are close to limit down. I am so, SO glad we added bearish positions to Red-Hot Canadian Small-Caps, Red-Hot Global Small-Caps and Red-Hot Commodity ETFs yesterday. But after the carnage [...]
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About one-third of the S&P 500 reports earnings this week. Yesterday we saw euphoria and I thought it interesting that the major indices went up with oil prices. Today, oil prices are down, and stocks across the board slid at the open. Clearly, fears about the economy remain. Here are some things I’m reading [...]
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