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The country adds 220k jobs according to the bureaucrats measuring this stuff and fully paid for with your tax dollars in this supposed budget-crunching time in April and the market’s get a sigh of relief. Most of our stocks are up across the board, including gold and silver
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“Thank you!! You paid for my subscription for the year. Bought the ZSL yesterday and probably sold early but got a 20% return in 24 hours. Great call.” – Sarah Now this is what I’m talking about! Feedback from a subscriber who nailed the silver short trade with us using
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The broader markets are suffering today, but that’s not the case for our own portfolio as we enter the contra-hour. The 11% intraday drop in silver and 3.5% intraday drop in gold (and oil) declines are rather stunning in their magnitude, and I will be frank in
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The dislocation in gold and silver (and oil) are definitely the market story of the day, and everybody I talk to today wants to analyze why. Here’s an expanded and more detailed version of the post I did about why I started shorting gold and silver earlier this week.
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Silver’s down more than 8% this morning as the dislocations I was looking to take advantage roil the precious metal market places. Gold is down 2.5% too. A “dislocation” is anytime a trading asset moves more than 2% intraday, and is often an indicator of an ugly topping
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The markets have tried to squish higher today, but it’s been soggy underneath them. That said, we’ve had a pretty big intraday swing on our own sheet’s P&L, though we are also still in the red on the day. Here’s a few thoughts on
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Shorting gold and silver today. But first — one of our loyal subscribers writes me: “If we are long term, is today not a day to buy a little more across the board?” The answer depends on you and what you’re trying to do with your own portfolio. My mission
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Good morning and welcome to the terror dome. The markets tried to open flattish, but quickly faded lower and it feels, shall we say, “squishy” out there this morning. The markets and individual stocks need to shake out the weak hands and punish the johnny-come-lately-bulls who were
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Painful day for the portfolio and as we head into the close, it’s safe to say “the streak is over”, as in, our portfolio is not up on the day. Indeed, with Cypress and Riverbed both down 3% on the day, there’s some red on the sheets today.
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I recently wrote about how after 14 years of renting, saving and waiting for a real estate market collapse that I finally stepped in and bought some land in my hometown in the beautiful mountains of southeastern New Mexico. Long story short, using a local real estate agent upon my
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Is the streak over? In the midst of more than a week-long run or so of up days, and with many big up days at that, I closed out several posts last week talking about how we needed to “respect the streak“. That is, Jay, one of my mentors
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Time to start shorting the precious metals? Back in early 2007, I used to write about the “dislocations” that were suddenly showing up with more frequency as I was worried and started selling partly because the stock market was seemingly entering a blow-off top phase. By dislocations, I meant
