Daily Updates
WE ONCE had an ongoing series in Big Gold called “1001 Reasons to Own Gold”, says Jeff Clark, senior editor of Doug Casey’s Big Gold newsletter.
The idea was that there were so many valid reasons to own the metal, I wanted to track and report on them all. And if you’re now invested in the precious metals arena, you will also know there have been a myriad of bullish indicators for silver this year as well.
Here’s
Enough about John Maynard Keynes. We can be sure the 20th century British economic giant would advise more government spending to spur U.S. economic growth with consumers and businesses so hesitant and short-term interest rates at zero.
What would Milton Friedman, the University of Chicago champion of monetary discipline, do now? What would he say—reversing the charges when he returned a reporter’s call, as he always did—if asked about Federal Reserve Chairman Ben Bernanke’s imminent move to print hundreds of billions of dollars to buy more U.S. Treasury bonds to put more money into the economy?
US jobless claims came in surprisingly positive, helping to buoy risk appetite today …
So let’s keep it simple and look at a list of items that might mark an end to the current trend of risk-taking we’ve been witnessing.
This week, subscribers went long the TBT fund (Inverse 20+yr Treasury Note) with my low risk trade setup and today took a 3.2% profit while continuing to hold a core position for larger gains. Also, today we took an SP500 swing trade which is deep as we purchased at the low of the day when the market sentiment was screaming BUY. This weeks educational report shows you where the SP500 is trading and why the market moved the way it did today along with what to expect next. While I share my general analysis of the market with you in this free newsletter, my updates, education and alerts are reserved for paying subscribers only.
Below is my complete analysis from today providing your with my pre-market video, updates, charts and trades so you can understand what to look for each trading session and what to avoid…
It’s been a while since I paid over $3.00/gallon for gas, but had that pleasure once again very recently, as prices have been creeping slowly ever upward. As the gas flowed, I thought back to a piece I’d written elsewhere some time ago (April ’06, to be exact) lamenting the fact that those who had gotten it wrong on just about everything else had gotten it wrong on oil, too. So, as oil holds over $80/barrel and gas inches higher, here’s another look in the time machine at what the Very Serious People were saying almost eight years ago (emphasis mine):