Posted in Commodities, Daily Comment, Gold, Uncategorized on Apr 11th, 2011
As a result of an irresponsible monetary policy with out of control spending and deficits, there are many asset bubbles being formed, and the silver market seems to be the latest such bubble grabbing headlines. Bernanke has a fear of deflation, which is understandable, but his method of creating “a little inflation” as a cure [...]
Posted in Daily Comment, Stock Market on Mar 8th, 2011
Well, another long pause between posts. There are times when market fundamentals and news will drive markets with technical indicators offering little help in trying to figure out which way the market will move next. The above chart is of the IWM, the ETF version of the Russell 2000. It has been a momentum leader for much [...]
Posted in Daily Comment, SPY, Stock Market on Nov 15th, 2010
It’s been a while since my last post. It seems to be getting more and more difficult to find time to update. My intention is to post as events occur, and we certainly have had events since the last post. The mid-term elections went about as expected. Actually quite a bit better than expected in [...]
Posted in Daily Comment, Gold, Weekly Comment on Oct 3rd, 2010
I just returned from another trip to New York City. I like to spend as much time as I can there. I must say if it weren’t for all the negative media on the economy one would have a difficult time finding any sign of recession in New York. Everything seemed to be running at [...]
Posted in Daily Comment, Gold on Sep 1st, 2010
Not much has changed since my last post. The gold market is still over-extended in my opinion, although there are fundamentals that will probably support this market for a very long time. The stock market is still swinging wildly from day to day based on whatever traders think the news is meaning at the moment. [...]