Tag Archives: investing

Gold hits record; Silver takes out $38, $39, $40, $41

It was a good week for precious metals. This week gold hit at an all-time nominal high of $1476.20. Silver opened Monday below $38 and closed Friday at $40.97. In between it touched $41.03. That’s the highest silver price since … Continue reading

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Stocks more overvalued than in 1929

Couple things. One, we haven’t seen a correction below the long-term trend line in the last 20 years. You have to wonder if we’re due for a bigger correction than 2008. Two, we’re now well above the 2008 market levels … Continue reading

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Hungary, Bulgaria, Poland, Ireland, France, Bolivia Seize Private Pensions

Via Instapundit, European nations begin seizing private pensions: People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European … Continue reading

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Gold Up 29% in 2010 – Double the S&P 500

It was a good year for real money that you can hold in your hand.

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Gold margins raised, silver margins raised twice in one week

CME Raises Gold Futures Margins By 6%, Hikes Silver Margins For Second Time In Under A Week If at first you don’t succeed at killing the higher beta stock short hedge, try again. The CME has just raised its margin … Continue reading

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“Your entire retirement is invested in precious metals?”

Last week I wrote about my gold and silver investments in my 401K. After I posted a link on Facebook a friend from high school wrote: “At the risk of sounding alarmist… Your entire retirement is invested in precious metals?” … Continue reading

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Silver, Y’all

Thursday morning my 401k was roughly 70% gold and 30% silver. By market close I sold some gold and bought some silver so that I’m now roughly 50/50. I think both metals are going to increase due to additional Federal … Continue reading

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Gold and Silver, Y’all

A couple years ago I closed out the stock positions in my 401K. In the last 12 months I closed out my bond positions in my 401K. Last week I closed out the TIPS (inflation-protected Treasuries) in my 401K. As … Continue reading

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Stocks Up 2% as Insider Selling:Buying Hits 2341 to 1

Holy the moley: Sorry kids, we just report the news… as ugly as they may be. After last week saw an insider selling to buying ratio of 1,411 to 1, this week the ratio has nearly doubled, hitting a ridiculous … Continue reading

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Insiders Selling Stocks 1,400 to 1; Gold Hits $1,300

Insider Selling To Buying Surpasses 1,400-1. Yikes. Meanwhile the barbarous relic hit a new all-time high of $1,300 an ounce. ETA: That’s a nominal high, BTW. Adjusted for inflation, the highest gold price ever was in 1980 at $873, which … Continue reading

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Finra: High Frequency Trading Caused May 6th Stock Mini-Crash

Reuters via Zero Hedge: Regulators probing the mysterious May 6 “flash crash” in the stock market are unlikely to find a single cause, though the widespread use of high-speed algorithmic trading was in general likely behind it, the head of … Continue reading

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Lousy Track Record for Robert Prechter and Elliott Wave International

Financial analyst Robert Prechter is in the headlines, this time for another look at his 2003 predictions of financial apocalypse. You’d think I’d see eye-to-eye with the guy. He’s pessimistic on the economy and so am I. The difference is … Continue reading

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Richard Russell: “Sell Everything Liquid, You Won’t Recognize America By The End Of The Year”

Via iTulip: About Dow Theory — First, we saw the recent April highs in the Averages. Then we saw a plunge in both Averages to their May 7 lows — Industrials to 10380.43, Transports to 4298.12, next a short rally. … Continue reading

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A Glimpse into the High Frequency Trading World

ZeroHedge – All You Need To Know About HFT: “Sell Everything, And Shutdown”; 4 Years Without A Loss: “These are short-term bets. Very short. The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically … Continue reading

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Gold price correction to $1,115 Dec. 11

Gold prices recently dropped roughly $100/ounce. Though dramatic, it reflects a return to prices just one month earlier. No worries. I’ve sold about a fourth of my holdings in case of a further surge in the dollar. If there’s another … Continue reading

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