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Now that gold is rangebound, how do you make money trading it? That’s easy – treat it like a wooden pony and straddle that thing. For the details on this trade, in more professional terms as well, check out Brad Zigler’s article for Hard Assets Investor: So what’s an investor to do? Well, you can […]
Bernanke – man of the year. Did he earn it? Or pushing on a string? Markets Strong Out of the Gates…But How Much Conviction is Left? The broader indices continued to climb higher in the first week of trading in 2010. But how much buying power is behind these moves? Moves straight up usually don’t […]
Casey’s Jeff Clark shares his observations about where the price of gold may be heading in years to come. Regular readers know that my opinion differs from Clark’s in the short term, as I think gold is in for a massive correction. However I do agree that the most likely medium to long term scenario […]
A few months back a friend mentioned an obscure trading book to me, citing it as one of the best trading books he’s ever read, despite the fact that very few people have ever heard of it. Since this guy is a top notch trader in his own right, I made a mental note to […]
On Sunday, I mused that one of my deepest concerns about being bullish on the US Dollar is that I’m on the opposite side of the trade from Jim Rogers, who thinks the buck is doomed. Not so, pointed out astute reader Sibbie via email, citing a recent Rogers interview in BusinessWeek: Q: How much […]
This gold bull market is starting to get a little overheated… The Telegraph reports that famed UK luxury department store Harrods, starting today, will be able to purchase the “ultimate luxury accessory” – gold bars. Chris Hall, head of Harrods Gold Bullion, said: “The financial environment has kindled a new demand for physical gold among […]
Great Dennis Gartman interview over on The Globe Investor. Here are a couple of quick hits, and you can find the full interview here. Gartman’s thoughts on: Gold: Someone or something is leaning on gold at $980-$1000 and I’ll let that seller be sated before I venture back to the long side. So will I […]
Regular readers are often looking for ways to play gold and silver…after all, we figure with this historic printing of money, we’ve at least got a real shot at wild inflation. The safest way to play gold and silver is to buy the bullion itself. If the world melts down, you’ll be the envy of […]
Buy and hold. Stocks for the long run. Diversify. These investment mantras were gospel during the great bull market of the 80s and 90s. Drinking this Kool-Aid will get you slaughtered today. There is no freaking way I would “buy and hold” anything right now. Too dangerous. Buy and hold hasn’t worked over the past […]
Investment manias share some key traits in common. When they get going, they REALLY get going (a la NASDAQ 1999). People believe that “this time it’s different” (housing bubble anyone?). And – they are certainly equal opportunity. From tulips, to spices…from houses, to tech stocks…manias are always looking for the next asset class to party […]
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