The markets are probably going to meander around through the Fed meeting next week. As European plans continue to gel there is one thing I cannot get out of my mind, and that is the fact that European Central Banks…Continue Reading →
With the markets in the top half of their recent trading ranges we took off the long gold side of our total position yesterday. Since May 31st when we went to the long gold/ short S&P position our equity has…Continue Reading →
There is so much one could say today and a really long blog is rolling around in my mind but I think I will wait to see a few more things to fall in place. What is critical here, however, is…Continue Reading →
There have been a lot of twists and turns since our 2012 Updated forecast on May 9th that I am reposting here: S&P 500 High 1422, Practical High 1354, Swing Point 1286, Low 1150; Gold High 1795, Practical…Continue Reading →
Bernanke did the right thing yesterday. All the RISK ON / RISK OFF frenzy of the past few months is quieting down. As such we plan to neutralize our positions over the next week. We are going to use the 1290…Continue Reading →
Mr Bernanke goes up on the hill to answer questions today. While Fed Governor Janet Yellen continued her push for more easy money, a more solid governor, Richard Fisher said essentially in a recent speech, the money is out there,…Continue Reading →
Yesterday CNBC devoted a lot of talk by various commentators concerning the 1255 area of the S&P and how much trouble the market will be in if that level is broken to the downside. Saying things like that is a…Continue Reading →
This is the favorite word of the conservative side of the business world today. It no doubt is what is behind the business slowdown we are seeing now. What is ironic is that the biggest part of the uncertianty in…Continue Reading →
While the airwaves and market letters are full of pronouncements this morning, a few things need to be kept in mind. One is that leveraging takes a long time, I heard an economist recently say it takes 10 years, which would…Continue Reading →
The dollar has reached our 2012 objective with an overnight high of 83.48. We remain as a percent of portfolio equity, 30 percent long gold, 30 percent short S&P, and 10 percent short T-Bonds. The stock position is obviously working, the bond…Continue Reading →