Finding Option-Sized Gains from $25 Silver
The global economy is in a lull right now. Some expect a recovery sooner, rather than later. Others, like us, think that we could see a second downturn. Either way, there’s one investment you need to own right now: silver.
Silver is the most flexible metal on earth. We’re not talking about its malleability. We’re talking about how it is used.
Let’s take the point of view of those expecting a quick, painless recovery. In that case, silver is a great investment. It has many industrial uses other precious metals don’t. As the global economy kicks back into gear, we’ll see more demand from electronics manufacturers, battery makers and solar cell producers — all of which use silver in their products.
There are…
Retest of March lows seems unlikely
“Whenever you find yourself on the side of the majority, it is time to pause and reflect” — Mark Twain
One of the main arguments “perma-bears” used in justifying why the recent stock rally is (and was) destined to fail miserably, has certain…
A Jobs Jamboree Friday!
The dollar remains well bid…G-7 to hand currencies off to G-20? Car Sales collapse…Auditing the Lehman cash movements…And Now… Today’s Pfennig!
Good day… And a Happy Friday to one and all! Yesterday, I welcomed you to October. I had been prepared to tell you about a famous radio station here in St. Louis, that has long called October… Rocktober… But forgot, as usual! But anyway… It’s the first Fantastico Friday of Rocktober!
Today is a Jobs Jamboree Friday too! And… I’m not getting a good feeling about today’s labor report at the Jobs Jamboree. The forecast is for jobs losses to fall from -216,000 to -175,000, but the unemployment rate to tick up to 9.8% from 9.7%… I got the feeling, baby,…
The 5 most overpaid CEOs
By Michael Brush
A CEOs’ job is to make a company perform for shareholders. So in a year like 2008, when the S&P 500 fell 37%, you’d expect CEOs to share your pain.
Not so much, a look at the final numbers from 2008 by the Corporate Library show…
Ken Lewis’ $125 million goodbye
When Ken Lewis finally leaves Bank of America (BAC), he will get a $125 million goodbye from the financial firm, unless the federal government’s pay czar decides to challenge the package.
Most of the Lewis compensation was set long before the big ban…
Is a divergence building in Apple?
Yesterday I produced a video on how to trade divergences in the S&P 500. Today, I’m following up that video with a divergence I see developing in one of the biggest tech stocks in the world, Apple (NASDAQ_AAPL).
In this short four minute video, I’ll explain some of the possible negative divergences that are building for [...]
Zombie stocks make a killing
Traders are hot on zombie stocks these days, trying to make a buck from companies everyone else has written off as dead.Washington Mutual went bankrupt, but its stock is suddenly smoking — gaining 64% Monday, the Los Angeles Times reports. No one real…
Beware a happiness bubble in 2012
If you’re an out-of-work behavioral finance specialist, I have a project for you: Figure out why there’s a three-year cycle of optimism and pessimism among investors.ISI Group analysts pointed out in a note to clients this week that investors in the…
Beware ‘most of the time’
You shouldn’t be worried that the recent 50% (and more) rally from the March lows will be followed by a vicious collapse. Since World War II, most of the time a year after a move of 30% or more in a six-month period, stocks were higher yet a year later…
What gold’s rally is telling us
This article is written by Minyanville’s Lance Lewis
I was wrong about gold breaking out last month. See Gold to Break $1,000 This August. Turns out the yellow metal didn’t break out over $1000 until eight days later (i.e. today).
Now that we’ve go…
Must Reads September 4, 2009
Well’s imploding loan portfolio Zero Hedge
Leading technical analyst: precious metals heading higher The Daily Crux
Krugman: How did economists get it so wrong NYT
How bout that gold? Casey Daily Dispatch
China begins to dump its dollar reserves Newsmax
The best article we’ve read on the coming commercial real estate collapse Zero Hedge
Unemployment rate hits 9.7% Bloomberg
Doug Casey: The most important healthcare investment you haven’t heard about The Daily Crux
The bear market is not over The Daily Reckoning
Suckers rallies and the September syndrome Whiskey and Gunpowder
Are you an investor or a gambler? The Big Picture
Three takeaways from UNG collapse
This article is written by Minyanville’s Smita Sadana There’s recently been a lot of talk about United States Natural Gas (UNG) in terms of how it’s been disconnected from the underlying fundamentals. As always, the popular media is the last one to pic…
What’s Next for Gold Prices?
As the equities market gyrates, gold bugs are getting their vindication. Better late then never, I suppose.
It is pretty clear where the folks selling their share of the equities market yesterday put their cash. As investors look for a safe haven, the gold market is booming today.
Gold prices settled today at $978.50 per ounce, an increase of $22.20 from yesterday’s final figure. The action is a surefire sign that investors are getting nervous.
It was almost a year ago when the precious metal entered one of its most volatile periods. Over the span of several months, gold prices ran from $800 to $900, back down to $700 and then the whole back to the $1,000 mark and beyond.
As more and…