Unchain My Bullish Heart
Funny, when Keith and I took a walk to town the other day, we saw this bronze sculpture. Chained, so nobody can walk away with a 400 pound bronze bull, we thought it potentially symbolic. Today in the market, someone tied a link chain around the bull’s neck and then padlocked it. It all began […]
Bitcoin’s Dramatic Fall From Grace
I first started writing about BITCOIN in September of 2017 (all of my articles on this crypto curency can be found at this link). It has fallen to its 50% Fibonacci retracement level [measured from its all-time low of 4.2 (in February 2012) to its all-time high of 19,891.0 (in December 2017)], as shown on the following Monthly chart. And, as I reported (in the […]
Cryptocurrency Bloodbath Continues – What’s Next?
Cryptocurrency Market Overview: It’s been a bloodbath across the board for Bitcoin and other altcoins in the past few days. I’m not gonna say I told you so, but our buy-limit orders have been going through one after another. We had yet another live strategy development session Tuesday morning, setting up the next steps for […]
Global Fund Managers Are Long, Unhedged And Partying Like It’s 2019
Global fund managers don’t see an equity pullback in 2018 and expect the bull market to continue into 2019 according to Bank of America’s latest Global Fund Manager Survey. The survey, which the bank conducts on a regular basis to gauge the sentiment of fund managers around the world, quizzed 213 panelists with $591 billion in assets […]
Stocks To Trade: TSLA, ACM, WY
Wednesday’s stock picks Long Tesla (TSLA) Long Aecom Technology (ACM) Short Weyerhaeuser (WY)
Falling Prices Are A Good Thing
There is nothing wrong with declining prices. What signifies industrial market economy under a commodity money such as gold is that prices of goods follow a declining trend. According to Joseph Salerno, In fact, historically, the natural tendency in the industrial market economy under a commodity money such as gold has been for general prices […]
Sketchy Bankruptcies Are Corrupting A Vital Market Mechanism
News reaches us that a number of bankrupts – Scottish businessmen apparently – are fiddling the system. If true, then this is extremely serious: bankruptcy is the most important part of our economic system. Since we humans are prone to making mistakes, all of our economic systems are at risk. So we need a tool which will […]
Why Your 401(k) Plan Is Your Most Powerful Investment Account
As an investor, you have many different accounts that you can use to invest your money in. And each of these different accounts has its own advantages and disadvantages. But there is one account that stands head and shoulders above the rest. It is your 401(k) plan. What makes your 401(k) plan the best place […]
Confirming The Big Change In 2017
What determines the price of gold? It seems like it should be an easy question to answer, but gold more than perhaps any other asset often mystifies in its behavior. Part of the reason is mainstream, orthodox Economics and its practitioners who have waged an intentional war on the metal for more than a century […]
Act Now On Tax Reform And Save
I have a friend who’s a tax attorney. He loves to chat. Whether by phone, email, Skype or smoke signals, he’s usually good for three to four calls a week. I haven’t heard from him since late November. I called his office in the first week of January to see how he was. His secretary […]
