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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
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
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
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.
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
“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
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
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
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
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
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
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
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
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
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
As of Sept. 18 money market funds are no longer govt-secured
Reuters – Money fund outflows quicken as US insurance to end BOSTON, Sept 17 (Reuters) – Investors stepped up their withdrawals from money market funds this week days before a federal guarantee to safeguard their assets expires on Friday, industry … Continue reading
Stock of bailed-out AIG up more than 200% this month
CNN – AIG stock up 274% in August: NEW YORK (CNNMoney.com) — Shares of AIG were selling for $49.16 in midday trading on Thursday. At the start of the month, shares were at just $13.14. What’s going on here? AIG’s … Continue reading
Wells Fargo halts sales of leveraged and inverse ETFs
The other week I mentioned the dangers of investing in inverse ETFs and leveraged ETFs. Now Wells Fargo Advisors is “no longer permitting its advisers to sell leveraged and inverse exchange-traded funds through advisory accounts.” Link. According to Minyanville other … Continue reading
Harry Markopolos on the SEC and Bernie Madoff
“I am suggesting that if you flew the entire SEC staff to Boston and sat them in Fenway Park for an afternoon, that they would not be able to find first base.” – Harry Markopolos Madoff ran the biggest Ponzi … Continue reading
More on leveraged and inverse ETFs, and natural gas
The other day I mentioned that inverse and leveraged ETFs (such as 2x ETFs) could be dangerous. I wanted to buy some natural gas stocks, which are crazy low right now. I looked at HOU and found this description: Horizons … Continue reading
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