by Adam Hewison The gold and silver markets rallied dramatically to the upside as concerns and worries over oil supplies, inflation, and general nervousness in the world markets pushed both metals into new high ground. I have just completed a new short video where I share with you my upside target zones for gold. The video only takes a few minutes to watch and emphasizes how important Read more...
On the Docket: The Case Against Diversification
February 8, 2011 By Leave a Comment
Just because investment banks and stock brokerages say you should diversify doesn’t make it true February 7, 2011 By Elliott Wave International Talk with an investment advisor, and what’s the first piece of advice you will hear? Diversify your portfolio. The case for diversification is repeated so often that it’s come to Read more...
Gold Prices Today – Why isn’t gold higher with the turmoil in Egypt?
February 7, 2011 By Leave a Comment
by Adam Hewison Despite all the turmoil in Egypt and the Arab world, gold has stubbornly refused to rally. This probably causes great concern amongst the gold bugs and the folks who are bullish on gold. As we have mentioned before many times on this blog, “perception is more powerful than fundamentals.” While the gold bugs argue that the market is being manipulated, I am more of a Read more...
A Bubble in Complacency – John Mauldin
January 29, 2011 By Leave a Comment
By John Mauldin | January 29, 2011
In this issue:
The Recent GDP Numbers – A Real Statistical Recovery
Consumer Spending Rose? Where Was the Income?
A Bubble in Complacency
Egypt
Rosie, Las Vegas, Phuket, and Bangkok
This week I had the privilege of being on the same panel with former Comptroller General David Walker and former Majority Leader (and presidential candidate) Richard Gephardt. A Democrat to the left of me and a self-declared nonpartisan to the right, stuck in the middle and not knowing where the unrehearsed conversation would take us. As it turned out, to a very interesting conclusion, which is the topic of this week’s letter. By way of introduction to those not familiar with them, David M. Walker (born 1951) served as United States Comptroller General from 1998 to 2008, and is now the Founder and CEO of the Comeback America Initiative. Gephardt served in Congress for 28 years, was House Majority Leader from 1989 to 1995 and Minority Leader from 1995 to 2003, running for president in 1988 and 2004.
Some housekeeping first. We have posted my recent conversation with George Friedman on the Conversations with John Mauldin web site. And on Saturday we will post the Conversation and transcript I just did with David Rosenberg and Lacy Hunt, which I think is one of the more interesting (and informative!) ones I have done. You can learn more about how to get your copy and the rest of the year’s Conversations (I have some really powerful ones lined up) by going to www.johnmauldin.com/conversations. Use the code “conv” to get a discount to $149 from the regular price of $199. (If you recently subscribed at $199 we will extend your subscription proportionately. Fair is fair.)
And go to www.johnmauldin.com to contribute comments on this letter. I do read them!
The Recent GDP Numbers – A Real Statistical Recovery
Now, before we get into our panel discussion (and the meeting afterward), let me comment on the GDP number that came in yesterday. This is what Moody’s Analytics told us:
“Real GDP grew 3.2% at an annualized pace in the fourth quarter of 2010. This was below the consensus estimate for 3.6% growth and was an improvement from the 2.6% pace in the third quarter. Private inventories were an enormous drag on growth, subtracting 3.7 percentage points; this bodes very well for the near-term outlook and means that current demand is very strong. Consumer spending, investment and trade were all positives for growth in the fourth quarter; government was a slight negative. The economy will see very strong growth in 2011 as the tax and spending deal passed in December stimulates demand and the labor market picks up, creating a self-sustaining expansion.”
Forex Trading Strategy – Forget The Dollar
January 24, 2011 By Leave a Comment
Most people immediately think about the dollar when Forex markets are mentioned. Sadly, the main reason is its declining value against the other major currencies. There are several ways to look at the foreign exchange markets and one of them is to compare other major currencies. For example, you could be looking at the euro against the Japanese yen or any number of combinations in Read more...
First, Let’s Lower the Bar – John Mauldin’s Weekly E-Letter
November 12, 2010 By Leave a Comment
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Thoughts from the Frontline Weekly Newsletter
First, Let’s Lower the Bar by John Mauldin
November 12, 2010 |
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| In this issue: Health-Care Realities The Chinese Renminbi is Going Down, Not Up First, Let’s Lower the Bar They Need to Borrow How Much? Really? Irish Eyes Are Not Smiling La Jolla, New York and a Forbes Cruise |
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 China’s currency is rising ever so slowly against the dollar. But is that hurting China? We will look at a very interesting chart and some research. And then we’ll gain some more insight into why the employment numbers seemed to surprise. I guess if you lower the bar, it’s easier to jump over. I also deal with the pushback from last week’s Outside the Box! And Ireland is on my radar. There is a lot to cover, so let’s jump in.
I start this week’s letter on a flight from Cleveland (where I was at the Cleveland Clinic meeting with my good friend and doctor Mike Roizen (of Oprah and the various “YOU” books with Mehmet Oz) on some non-health-related business, and we talked last night about the state of health care. Mike keeps pointing out that much of our health-care cost comes from chronic diseases that are either directly or partially lifestyle choices. And he is right. The data shows it. Smoking, overeating, lack of exercise – all contribute to our health-care bills. And health care was on my mind. Now, a little mea culpa. I get letters from readers who start their missive out with something like, “I know you probably won’t read this, but…” Well, I can’t say I read every letter, but someone does and I get and read as many as I can. And my rule is that I get all the negative ones, and any letters that show particular thoughtfulness and give me suggested reading or just good suggestions. I do pay attention to you. It takes some time, I admit, but I think it is important. And the feedback I got on last week’s Outside the Box on health care was definitely running much more on the negative side. And as it turns out, for good reason. There were just simply some factual errors in the piece that made it more partisan than it sounded when I first read it. And many readers justifiably took me to task for that. [Read more...] |
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DJIA Priced in Gold: What It Means for the Long-Term Trend
October 27, 2010 By Leave a Comment
Timeless Trading Lesson Of the many forward-looking market indicators we at EWI employ, one of the most interesting tools (and least discussed in the financial media) is the DJIA priced in gold — “the real money,” as EWI’s president Robert Prechter calls it. What implications might the present position of Dow/gold have for the long-term trend of the nominal Dow? In this Read more...
The Next Major Disaster Developing for Bond Holders
October 26, 2010 By Leave a Comment
Announcements: Robert Prechter and the folks over at Elliott Wave International have just released an urgent new report for bond holders and mutual fund investors. Prechter’s report, The Next Major Disaster Developing for Bond Holders, is the first of its kind from EWI. Never before has the world’s largest technical analysis firm published such extensive research and analysis on Read more...
The #1 Reason Why Gold Collapsed
October 20, 2010 By Leave a Comment
by Adam Hewison Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there’s no one else left to buy. Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost Read more...