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So Gold CAN Still Go Down, After All Last week was shaping up to be another banner one for gold, as the old relic kept on climbing, day after day…that is, until it stopped. Gold’s one-way rise experienced a sharp setback on Friday, dropping nearly $50 on the day, and over $60 in intraday measures. […]
Tom Dyson, one of my favorite investment writers/analysts, is also one of the very few lone soles left in the debt deflation / dollar bull camp (last one out, please turn out the lights!) Last week, Tom penned an article that I thought articulated the case for a near term dollar rally brilliantly – and […]
You know a top just HAS to be near! I know I’ve been early on this call – or wrong (same thing) – for a few months now. But this had to take the cake. There I was, tying the laces on my sneakers, getting ready to walk my dog Banjo on this crisp, cool […]
Dubai’s Meltdown The Thanksgiving holiday is traditionally a very slow time for the markets…not so this year! Dubai rocked the financial world with its announcement to debtors that it needed a bit more time to make good on outstanding debt payments. Uh oh – here we go again? Global markets reacted quite violently to the […]
The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors “peel away” from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, […]
This shot says it all – the “all the same markets” hypothesis is still in play. Why bother with diversification when all the markets move in tandem? (Source: Barchart.com) Hat tip to Robert Prechter, who I believe was the first to point out the increasing correlation between every asset class, as far back as 2004. […]
Did the intermediate top in stocks occur earlier this week? We won’t know for sure for many months, but it certainly COULD have been. The rally has been running on fumes for month, yet still moving upwards despite the naysayers (such as myself), as the S&P pushed above the 1100 mark (raise your hand if […]
Our hero Jim Rogers has been back in the news quite a bit recently – here’s his latest thoughts: He sees gold heading north of $2,000 in the next decade Ben Bernanke should (still) close the Federal Reserve, then resign He likes the Japanese Yen best at the moment of the currencies, but wouldn’t buy […]
Coast to coast flights are fantastic for getting uninterrupted reading time in, and on my flight back to the West Coast last Monday, I was able to devour Financial Reckoning Day Fallout: Surviving Today’s Global Depression, by Bill Bonner and Addison Wiggin. Bonner and Wiggin are the two top guys at Agora Financial, an extremely […]
With the DOW pushing to new 2009 highs yesterday, I was looking forward to today to see if the S&P could confirm the DOW’s push – which would indicate that this rally is still on. Yesterday’s push was quite impressive across the board, but thus far today, we have not yet witnessed any decisive follow […]
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