The Gold Stocks are Tracking Past Equity Bull Markets
January 10, 2012 By Leave a Comment
All bull markets have similarities and all equity bull markets have strong similarities. They go through similar phases. Most bull markets start off slow and then build towards what we like to say is an acceleration into a bubble and potential mania. In last weeks editorial we noted how bull markets, prior to the bubble phase, tend to make major bottoms every three or so years. Yet, in looking at the present bull market in gold stocks and comparing it to the previous three equity bull markets (Technology, Japan and Gold Stocks) we find stronger and deeper similarities which confirms to us that the gold stocks are in the bull market of our time. [Read more...]
Commodity Price Volatility to Continue
January 2, 2012 By Leave a Comment
If 2011 was a wild year for energy and commodity prices, our expectation is that 2012 will be no different, as the news coming from Europe and other parts of the world should remain unsettling. One of the few exceptions to this environment will likely be that U.S. economic conditions will continue to improve and this should temper some of the volatility brought on by other economies around the world. [Read more...]
Looking Past Gold’s Poor Performance
December 15, 2011 By Leave a Comment
You don’t go into a Mexican restaurant to order Fettuccine Alfredo; you don’t go into Home Depot to buy a wedding dress; you don’t go into Goldman Sachs to get fair a deal…and you certainly don’t go into gold and silver to lose money during a currency crisis.
But that’s exactly what’s happening.
[Read more...]Jim Rogers: “Wait until 2013. We are really going to pay the price”
December 6, 2011 By Leave a Comment
Water – Still Blue Gold
November 28, 2011 By Leave a Comment
I was in Bangkok while the floods were raging. I also visited Cambodia. The floods were in the news there as well. Though it did not affect Phnom Penh, where I was, the remote villages were dealing with a lot of water.
That’s the curious thing about water. There always seems to be either too much of it or not enough. What follows is another look at my favorite commodity and the opportunities of investing in it.
[Read more...]Mining for Gold on Wall Street
November 2, 2011 By Leave a Comment
Many technical analysts are saying the gold and silver markets are “breaking down.” I say the precious metals markets are cracking up…with laughter at the monetary shenanigans going on in the US, Europe and elsewhere.
Sure, gold and silver have suffered a sharp correction over the last few weeks. But so what; corrections always occur during long-term bull markets. Gold and silver are still cheap, which means that long-term investors cannot afford to ignore the recent weakness in the precious metals markets.
[Read more...]
Ratings Agencies Make it Tough on European Leaders
The European leaders were battling a pretty major storm that the ratings agencies helped create late last week when S&P cut the ratings on 9 euro-region countries. The most dramatic move was the loss of France’s AAA rating, leaving Germany as the sole AAA rated country in the currency union. Austria also lost its AAA rating while Italy and Spain fell by two notches and Portugal’s debt was cut to junk status. The ratings of Malta, Cyprus, Slovakia, and Slovenia were also lowered.
[Read more...]