Bitcoin is a bit of an enigma. Luring the slow to wit investment reader into believing its viability. Let’s not forget that it lost half its value in one day in early December and still has the sharpest of money managers completely baffled. As its price rises after endorsements by companies like ZYNGA, who after […]
11/18/13 – 11/19/13 Yesterday, as we saw developing weeks ago, the Dow passed 16,000 on eased Taper worries and wide eyed bulls – both the DJIA and S&P recaptured all-time highs. Gold continued to steady at 1,270, where it’s taking a wait and see attitude. Amidst what should be very bullish signals for gold via […]
11/15/13 As the new Fed Chair’s comments to the Senate yesterday are digested by the market – we have initiated a Heavy SELL rating on anything Federal Reserve. Statements, outlooks, haircuts – etcetera. While we do expect more of the same rhetoric, it continues to baffle us. Common sense, logic, truth – we search and […]
11/14/13 Speculation this morning reaffirmed rumors that Janet Yellen’s position of near zero interest rates for the foreseeable future. Some saying through 2015, some saying 2017 – one thing is for sure, there will not be abrupt change in Federal Reserve policy. Gold has reacted positively to the news, taking back some of its […]
11/12/13 Today we saw more affirmations of what we’ve been preaching. Gold and silver pushes lower, the dollar strengthens and media publications focus on the Fed. Don’t fight the Fed but F the Fed, man. That’s not the story right now. It hasn’t been the story for the last six months. See my rundown […]
11/11/13 To open the week the market remained calm and awaited the next catalyst: Last week’s GDP report of 2.8% in the third quarter strengthened the dollar and of course raised speculation of a change in monetary policy. This was up from 2.5% in the second, relatively tepid but much improved to what we’ve grown […]
11/7/13 So, we’ve been out of it for a week due to travel or so but we’d like to get back on track with daily updates. Over the last two weeks we’ve been vehement on the medium term bullish signs in the market and the record highs to continue for both the S & P […]
10/24/13 On Wednesday, Boeing rallied and Caterpillar dived as the respective Big Board companies reported numbers. Boeing’s, a maker of firearms and weaponry, had a revenue spike with an increase in arms sales, most likely a direct result of US Govt purchases flooding the system and sapping supply, which not only gave them heavy volume […]
Today cautious investors who’ve been holding the market down since the debt ceiling resolve were finally beat out by the bulls. Investors who got in late in this market are still hesitant to sell, waiting for more gains which is another attribute adding to the bull market. Earnings Season kicked off with Google exploding past $1,000 […]
