Instead of Gold, I Should Have Bought Amazon

October 28, 2017

So Jeff Bezos, the Amazon guy, is now the richest dude in the world, after Amazon had blow out good earnings and blasted through $1,000, and then $1,100, on Friday.  Gold bounced back on Friday, but after a dismal few weeks, Amazon was the correct play, not gold. As I reported last week, gold is […]

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Is the DOW Chart Crazy?

October 21, 2017

Last week I said that the market is the best it’s ever been.  This week it’s even better.  Here’s the DOW: The DOW was up .71% on Friday alone, and more amazingly the Relative Strength Index is over 88.  That’s nosebleed territory. In the last six months the RSI has exceeded 70 on two occasions, […]

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The Best It’s Ever Been

October 14, 2017

The headlines tell the story: Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High Nasdaq rises to record close as Wall Street bets on strong earnings season Everything is great.  Interest rates are low, unemployment is low, the economy is great.  Granted, the feds have pumped in a trillion or two dollars to keep the […]

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Gold, and a Toppy Market

October 7, 2017

Before we get to gold, how about that DOW? From 13,000 five years ago to 22,730 today, that’s more than a double.  With the Feds printing money like crazy, the correct answer over the last five years was buy, and keep buying.  The double bottom in the summer of 2015 and early 2016 was a […]

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Golden Week Begins

September 30, 2017

This week China closes for a week, for its Golden Week National Holiday.  (I assume it’s true; I read it on the internet). It appears that, for the last few years, the price of gold falls in the weeks leading up to Golden Week, and then bottoms and begins a recovery, which in the last […]

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Will Trump with the Nobel Peace Prize?

September 23, 2017

Occasionally I like to put a title on a post that makes people think “that guy is nuts”, or “that guy understands the term clickbait“.  Guilty on both counts, but for the record, how many wars has Trump started (this week)?  I’m not predicting he will win any prizes, but I do think his handling of […]

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Missile Launch, Terrorist Attack = S&P Record High

September 16, 2017

For the first time ever, the S&P 500 closed at 2,500.  Exactly 2,500.  As though someone was rigging the entire game.  Not that that’s possible. Why? I have no idea. It could be that Donald Trump is the greatest president ever.  That seems implausible, but the stock market is at record highs, so what other […]

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Gold: The Bull Market Resumes

September 9, 2017

It’s back.  Gold. On the late evening/early morning of November 8, Donald Trump was elected President, and the gold market spiked up over $1,340 an ounce.  The spike only lasted overnight, and once the world realized that the world was not going to end, gold collapsed, and was trading under $1,140 by Christmas. So, for […]

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Nothing Again

September 2, 2017

It’s the long weekend, the weather is supposed to be decent (unless you are in Texas), so I will keep this very brief and say nothing much of anything. Gold is at it’s high for the year, so the next resistance level is the magical level of $1,337, hit on election night on November 8, […]

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Gold: We learned nothing this week

August 26, 2017

Last week I asked a simple question:  Has gold hit a triple top, implying it will head down, or will Trump’s antics cause instability leading to a rise in gold? Answer: I don’t know, and I learned nothing more this week. The gold chart certainly appears to have formed a triple top.  After the spike […]

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