Global Market Commentary, Analysis and Investments
Stocks up 339 points on the Dow! Gold at $1,747! Oil over $90!
Forget all of our worries about another big swing down in asset prices…about a Japan-like slump that could last a generation…about gold at $1,200 and the Dow at 6,000…
…we were wrong, wrong, wrong!
[Read more...]But when the melancholy fit shall fall
Sudden from heaven like a weeping cloud,
That fosters the droop-headed flowers all,
And hides the green hill in an April shroud;
Then glut thy sorrow on a morning rose…
Yesterday, the Dow rose 109 points. Gold went up $4. The 10-year US note is still trading below 3% yield and oil is still below $95.
So, what’s new? The markets seem still to be wondering…waiting…watching to see what happens – just as we are.
The Greek premier won a confidence vote in parliament. That seemed to give investors some confidence. The idea is that if the Greeks can act like they know what they’re doing, the rest of Europe can give them some more money.
[Read more...]“Bernanke comments keep equities in check,” says a headline in The Financial Times.
Sure enough. The Dow ended down again – 21 points down. It’s been going down for five weeks. But it’s still above 12,000. So there’s nothing to be alarmed about.
What did Ben Bernanke say? Not much really. He allowed as to how the economy was not as strong as he had hoped. But he said things were getting better. And he didn’t mention QE3.
[Read more...]Yesterday, the Dow continued to fall – down 130 points. Oil slipped lower too. And gold rose. Just as you’d expect. But two days a trend does not make.
And what’s in the news this morning?
“Europe left reeling as the people revolt against austerity measures,” says a headline in the TIMES.
[Read more...]First let us catch up with a news report from earlier this week. Bloomberg:
April 18 (Bloomberg) – Standard & Poor’s put a “negative” outlook on the AAA credit rating of the US, citing a “material risk” the nation’s leaders will fail to deal with rising budget deficits and debt.
[Read more...]A friend forwarded me an email yesterday from K2 Advisors. I don’t know anything about K2 Advisors, except that it is based in Stamford, Connecticut and its emails are packed full of interesting insights.
For example, K2 notes that:
[Read more...]As the Labor Day holiday ended, so did the stock market's holiday from underlying economic trends. Last week, the stock market was all about “better than expected.? On the first day this new week, however, the market was all about “worse than hoped.?
Last week, for example, the stock market celebrated a loss of 54,000 jobs in August because the private sector added 67,000 jobs. Interpretation: the private sector is recovering. Earlier in the week, some “better than expected? reports on manufacturing and consumer sentiment inspired investors to add a few hundred points to the Dow Jones Industrial Average.
[Read more...]Copyright © 2009 - Present · All Rights Reserved · Gold Stocks Today · Contact Us
Buy Silver…Now!
Silver is an amazing metal…which is why it’s likely to soar over the coming years…
You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip.
[Read more...]