Today, at 1:40-1:47pm EST, I’m appearing on CBS Radio WBBM Business Noon Hour w/ Chris and Sherman. They want to talk about 3 stocks – Chevron, (CVX: 73.96 -0.46%), Goldcorp (GG: 39.45 -2.45%) and BHP Billiton (BHP: 79.09 +0.28%). They pick the stocks and ask me to give an opinion on them. Here is the [...]
From the category archives:
Investing in Gold Stock
3 Stocks for Appearance on CBS Radio in Chicago
by Sean Brodrick on March 4, 2010
Gold Accelerates as U.S. Dollar Wobbles
by Sean Brodrick on March 3, 2010
A couple of weeks ago, I posted a video, “Opportunity in Gold and the Dollar,” explaining how the U.S. dollar and gold were now moving up together. In the video, I also said that when the dollar started to go down again, gold had blast-off potential.
And that’s what we saw yesterday – the dollar went [...]
The China Gold Conundrum
by Sean Brodrick on February 18, 2010
I’m still in Mexico. Here’s some news that has my attention …
Beijing’s Treasury holdings fall as it diversifies
A U.S. government report this week showed Chinese holdings of Treasury bills fell by $34 billion in December. That fueled concern Washington might have to pay higher interest to attract creditors to finance this year’s forecast $1.5 trillion [...]
Gold Keeps Us on Tenterhooks
by Sean Brodrick on February 17, 2010
The front-month gold future contract closed at 1121.90 on Monday. That was tantalizingly close to the February 3rd high 00 1126.40 — but no cigar. Is gold going to break out to the upside or not?
You can see that gold is close to its recent high. And yes, it is above its 50-day moving average [...]
Gold Chart — Starting to Improve
by Sean Brodrick on February 16, 2010
Greetings from Mexico. The short-term trend in gold is still down, so this may just be a fake-out. I’m not going to act in the portfolios until I get confirmation. Here’s the chart of gold …
And here’s the news …
Gold in euro terms hits record high 816.33 euro/oz
Euro-priced gold extended earlier gains to hit a [...]
7 Forces Driving Gold Higher in 2010
by Sean Brodrick on December 31, 2009
My gold target for 2010 remains 1,300. I set that in June of 2009, and until we either hit the target or the uptrend breaks, it remains the same. My longer-term target is $1,635.
Here is a list of seven forces that should drive gold prices higher in 2010…
1. Gold suffered a correction of about 8% [...]
2 More Charts for Santa — Small-Caps ETF and Red-Hot Gold Miner
by Sean Brodrick on December 21, 2009
I just needed to update with 2 charts — one for each of my premium services. First, let’s look at a chart of the Ultra Russell 2000 ProShares (UWM: 33.02 +1.66%), which is in the Red-Hot Commodity ETFs portfolio. Small caps have been outperforming the broad market in recent weeks, and they got another jolt of [...]
Must-Read Gold Story of the Day
by Sean Brodrick on December 2, 2009
And I didn’t even write it! D’oh!
http://www.ritholtz.com/blog/2009/12/the-recurring-gold-bubble/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29
And since I’m linking to good writing on gold, Jesse is taking some profits. He’s not the only one. Some hot silver stocks are down on a day when gold and silver are up.
But it’s funny how both gold and silver are up on a day when the dollar [...]
Weekly Gold Chart. Get Your Bull Horns On
by Sean Brodrick on November 6, 2009
Here’s a weekly chart of gold. You can see that not only did it break out to the upside, but volume is increasing. Therefore, any calling of a top is premature. We’ll know the near-term top when we see it in the rear-view mirror.
You know (if you’ve been reading me for any length of time) [...]
The Curious Case of the Too-Polite Financial Bloggers
by Sean Brodrick on November 3, 2009
Yves at Naked Capitalism relates her experience in “A Curious Meeting at the Treasury Department.” A whole bunch of financial bloggers got to sit down with high-ranking Treasury officials and have their questions answered. As Yves explains …
My bottom line is that the people we met are very cognitively captured, assuming one can take their [...]
