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About this time last month, I warned that the U.S. could be near bankruptcy. Simon, who I don’t always see eye to eye, commented “…US will never default as long as USD is global trading currency.” Today, Harvard professor and former IMF chief economist Ken Rogoff says the United States has been in “default” before, [...]
We are on the abyss of a mighty big change! The 30-year Treasury has been in a big bear market for about 28 years and a move through 4.75% would signal to all that we are in for much higher rates. Jim Sinclair wrote “The final Pillar in the gold bull market is a bear market [...]
In November of 2009 Porter Stansberry wrote a shocking headline at The Daily Crus: The bankruptcy of the United States is now certain. He writes that the U.S. has $3.5 Trillion of debt rolling over including the need for 1.5 Trillion for the new deficit. He asks a good question: Where’s that money [...]
Adam Hewison has just returned from his daughter’s wedding in New Zealand to see that we have some very interesting markets to start the New Year. In today’s short video he takes a fresh look the S&P 500 and what he thinks it is going to do in 2010. We will also be looking at an [...]
Should you go long Oil and short Gold? I took a look at the daily and weekly GOLD continuous contract vs Oil and here’s what I found: Strength has alternated between Gold out performing Oil then Oil outperforming Gold. When the daily chart goes up Gold is outperforming Oil. The Daily chart shows [...]
Brad Stafford fills in for Adam Hewison and I have a great new video for you. I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum. These three [...]
For the ninth year in a row Gold finished higher year over year. The close on December 31, 2008 was $879.98 and with an hour to go, Gold is currently at $1,096.30. That is a gain for the precious metal of 24.6%. Silver is currently just shy of $17 up from $12 [...]
Joe Saluzzi has been worrying for some time about High Frequency Trading (HFT). Here, courtesy of Jesse’s Café Américain, is Saluzzi talking abiout the subject again. My understanding is that the HFTs don’t add liquidity and can give us a whopping headache if they stop trading or hit bids in some news event. [...]
Sometimes we need to see the forest for the trees. You don’t often see the DOW with any ong term perspective. That’s why I was struck by this chart of the DOW going back to Sept. 1960 in Colin Twiggs Incredible Charts. I was registered as a broker in Sept. 1968. I was told by [...]
Now that it looks as if the Democrats have bribed enough senators to pass Obamacare, even though a majority don’t want it, it’s time to follow up on my August 2nd post about the ETF for healthcare IHF. I wrote then, “With all the political debate about government run health care, are (the major healthcare companies) [...]
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