Is your 2008 going out with a bang, or slouching toward the exits? Here’s a chart for those who like a golden end to the year … This compares gold (green line) to silver (blue line), the S&P 500 (black line), oil (red line) and the TLT bond fund (pink line). Obviously, bonds [...]
From the monthly archives:
December 2008
The New Year is barreling toward us like a runaway bus. Today’s Must-Read: “The Collapse of Financial Globalization”
Brad Setzer’s writing style is a bit dry, but his charts are eye-popping and he makes his point like a silver bullet to the brain: “private capital inflows to the US and private capital outflows from the [...]
This morning, we are seeing gold build on its sizeable gains from last week, and oil is up as well. The reason for the move in oil is simple: The explosive conflict in the Middle East is acting as a catalyst on an oil market that was already deeply oversold. Here is some [...]
It looks like a stupor-inducingly dull day in the market. I survived Christmas, though my Aunt’s dog, Sidney, did not. In fact, it died at my house yesterday afternoon. Sidney was a very old dog, a good dog, and very loved, and will be missed very much.
Earlier in the day, we had fun. Along [...]
The following poem was cut from the top of my MoneyandMarkets.com column (”3 Stock-ing Stuffers,”) today …
Twas the eve before Christmas, and all through the night Sean’s mind was whirring, With stocks that could ignite
Poetry is subjective, and everyone’s a critic.
Before we get to the serious stuff, here’s some Christmas cheer (and [...]
Merry Christmas-Eve-Eve! Or Happy Festivus, if you’re so inclined. Let the Airing of Grievances begin!
Here’s my chart for today — a monthly chart of gold. Note how the recent uptrend has been tested but hasn’t broken (yet anyway). In fact, RSI, a measure of momentum, is now giving a “buy” signal. [...]
I recommended subscribers who are following my “Golden Parachute for 2009″ bank HALF their gains on their open positions yesterday. They were double-digit gains. It was time to grab some gains because the US dollar bounced from Fibonacci support. See the dollar chart below.
I think the buck could bounce to 84 from here, [...]
Yesterday I did a MaM-TV video talking about potential movements in ExxonMobil and gold. Exxon Mobil failed to follow through on its breakout from Tuesday; we’ll have to see what happens next. I showed you the Exxon chart yesterday. Here’s a version of the chart of the GLD that I showed in the video … [...]
So Saudi Arabia says OPEC will cut production by another 2 million barrels a day, and Russia will go along for the ride.
This is the right move the Saudis had to make. And it’s good for our long-term energy future. We need exploration to provide future supply, and the only way to get that [...]
We’re all waiting for the Fed announcement shortly after 2 pm today, where it is widely expected that the Fed will cut its benchmark interest rate in half to 50 basis points. According to Bloomberg, with Fed rates at zero, Fed Chairman Ben Bernanke will then move on to using the Fed’s balance sheet as [...]
