Posted in Fundamental Analysis, Industry Sectors, Market Commentary on Feb 8th, 2008 No Comments »
The French philosopher Voltaire observed, over two centuries ago, that “All paper money eventually returns to its intrinsic value-zero.” Remember his wisdom in conjunction with a comment from John Pierpont Morgan (better known as J.P.), the brilliant U.S. financier who essentially saved the U.S. financial system following the Panic of 1907. In 1912, one [...]
Posted in Charting, Market Commentary, Precious Metal Stocks, Trading Tools on Jan 29th, 2008 No Comments »
Yesterday (Monday, January 28) gold closed at a new all-time high (in nominal dollars) of $926.90. So what’s next, short-term, a correction or a new high? There will always be corrections along the way, but long-term gold is headed for $2,000 an ounce and, possibly, a lot higher. However, that doesn’t help us with today’s [...]
Posted in Market Commentary, Trading Ideas, Trading Tools on Jan 24th, 2008 No Comments »
Seventy-five percent of individual investors currently believe the stock market will be lower in six months. This is the most pessimistic outlook since October 1990 when the last bear market in real estate ended. That was also a very tough time for stocks which, at the time, were down 11.5% for the year.
After October [...]
Posted in Market Commentary on Jan 21st, 2008 No Comments »
The US stock markets are closed today, but the futures markets are open and the DOW was down 400 points when I last checked, which predicts a disastrous open for the US markets Tuesday. We are in a Bear Market, period! How long this phase will last is anyone’s guess.
I believe that we are in [...]
Posted in Market Commentary, Precious Metal Stocks, Uranium Stocks on Jan 18th, 2008 No Comments »
Stocks had a very rough week. While it began optimistically, with the Dow Jones industrials surging 172 points Monday on hopes that perhaps the worst of the housing and mortgage crisis might be over, deepening pessimism led to a 277-point plunge Tuesday and a 307-point slide on Thursday. On Friday, the Dow, which was up [...]
Posted in Industry Sectors, Market Commentary, Precious Metal Stocks, Uranium Stocks on Jan 17th, 2008 No Comments »
What a time to start a bog on stock trading techniques and target uranium and precious metals as the industry sectors to be in. Did I make a mistake? No, but the timing sure looks bad. The first thing to remember is that this blog is about stock trading techniques, so they apply no matter [...]
Posted in Fundamental Analysis, Market Commentary, Precious Metal Stocks on Jan 12th, 2008 No Comments »
Even though in purely nominal terms, gold is above $850 “record” level we saw in 1980, in real terms gold is very far below that level. Gold would have to be more than $2,000 per ounce, adjusted for inflation, to approximate that 1980 level in today’s prices. Though gold is now trading at a record [...]
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