What’s not to like about the current stock market? Some food for thought for readers as you be the judge on whether taking profit soon is advisable. Worst case I would think an investor should use trailing stops with their current trades. I can still defend reasoning for long term investors to be somewhat cautious versus bullish at present no …Read More
Signs of a Recession?
I am presently working on my book; Profit In Up Or Down Markets, and have many pieces of the puzzle that show a recession is on the horizon. This post will give you an idea of what’s coming and some of you who are in stocks have some decisions to make. The reasons to own gold and keep buying the …Read More
Gold, Guns, Republicans and Trump
Went on my morning run where I listen to various podcasts. I listened to episode 490 of the Peter Schiff podcast today (little behind which probably means I need to go for longer runs, ha). Peter about half way through started to talk about U.S Mint sales being down and related it to the fact Republicans are the ones who …Read More
Silver Due for a Bounce
Silver has been beaten down quite a bit and is due for at least a short term bounce. It was trading in the 14.40’s and now is 14.49 and starting a leg up for now. Silver is leading gold at present. I still consider this a trade only because when the market does finally get going south, it can take …Read More
National Debt Surpasses $20 Trillion and Gold Falls
Something doesn’t quite seem right, does it? The S&P rises to a record high and at the same time the National Debt surpasses $20 Trillion and gold falls from $1,339.30 to $1,325.60. What does CNBC say about the National Debt milestone? Nothing. It’s as if debts and deficits don’t matter to Wall St. Party on! Special shout out to the …Read More
What’s Going On With Gold and the Markets?
Below is a sample of the ETF Trading Service Nightly Report that came out tonight. It does a good job of letting you know what I think about the markets, including gold and silver. Today’s Trades – Current Trades (Non-Green – Bought/Sold/Hold) – Those highlighted in Yellow we are still long. We managed to lock in some good profit today …Read More
Gold and the Elephant In the Room
We are setting up for a disastrous next year for the markets but the markets don’t sense it yet. The stronger dollar will be retaliated by China soon enough and we have been here before. The Fed just doesn’t seem to get it with their 3 more rate hike talk. And those who trade the markets ignore the fact that this …Read More
Is the Trump Stock Market Bull Dead? What About Gold Now?
Many of you don’t know, but I have an ETF Trading Service I put out each reports for each day for subscribers. It is doing quite well and is something each of you can check out with a 2 week free trial. Below is tonight’s report. Information can be found on the service here. https://illusionsofwealth.com/ You can also listen to …Read More
Gold: Where To From Here?
Gold fell $23 today to $1,235.90 after hitting a low of $1,230.10 and silver after opening up stronger, gave up all of its gains and fell from high to low 50 cents, finishing the day off at $15.37. Can you guess this is Fed week again? Oil started off the day down and then fell hard taking the stock market …Read More
Gold and Silver Current Thoughts 9-23-2015 – Debt vs Growth
Gold started the day down and then moved higher today and settled lower. The dollar was the key in gold’s movement and received some bad data on the economy today that gave the yellow metal a boost in the morning, but that was it. From there gold meandered the rest of the day, as without any negative news it simply …Read More