Back on the 24th August I warned of an imminent sell off because the market was resting on some important technical levels. This view turned out to be wrong. The market found support at these levels and has rallied strongly since. So does that mean I have changed my view on the markets and become bullish?
September 21st, 2010 | Murray Dawes | 1 comment | ContinuedAll Posts Tagged With: "price"
Bernanke Drops the Ball Again
Notwithstanding some important steps forward, however, as we return once again to Jackson Hole I think we would all agree that, for much of the world, the task of economic recovery and repair remains far from complete… Central bankers alone cannot solve the world’s economic problems.
September 21st, 2010 | Rob Parenteau | 0 comments | Continued
Long-Term Investing: Gold Versus Stocks
Should you buy gold? Again, it depends on what you’re trying to do. Here at The Daily Reckoning, we don’t encourage speculation. So if you buy gold in the hope of making a lot of money, you’re on your own. We don’t recommend it. Gold could go up…or down.
September 21st, 2010 | Bill Bonner | 1 comment | Continued
How to Sift Winning Resource Stocks from the Washouts
If you’re interested in Australian resource stocks, you need to keep an open mind and look outside our borders too. Because we’re so proficient at getting valuable stuff out of the ground, you tend to find talented Aussies wherever the resources are the world over.
September 20th, 2010 | Dr. Alex Cowie | 0 comments | Continued
Gold – All About the Dollar?
After its longest run of moving in tandem with the trade-weighted Dollar Index since midsummer 1991 (45 trading days; average correlation +0.58), the gold price in dollars resumed its commonly-assumed relationship with the greenback last Friday, moving opposite to the currency’s forex fluctuations.
September 20th, 2010 | Adrian Ash | 0 comments | Continued
Technicalities
What’s your take on technical analysis? The idea that prices can be forecast from charts seems counterintuitive, let alone at odds with the Daily Reckoning philosophy. Well, working alongside Murray Dawes, our trader here in St Kilda, would change your perception rather quickly.
September 18th, 2010 | Nickolai Hubble | 1 comment | Continued
Why the Price of Gold Goes Up in a Struggling Economy
Our dear readers who bought gold back in 1999 have made about 4 times their money. This year alone it is up 15% – a very respectable return. Most of that has come as a result of paper currencies going down. Investors are buying gold to protect themselves.
September 17th, 2010 | Bill Bonner | 16 comments | Continued
Hyperinflation and Unemployment Two Signs of Serious Trouble
John Williams, who keeps track of what is really going on in the economy at his “ShadowStats” outfit, says to expect hyperinflation within 6 to 9 months. Seems too early to us. But a major turn in the bond market and much higher inflation rates are coming. And you don’t want to be holding US bonds.
September 16th, 2010 | Bill Bonner | 9 comments | Continued
Moral Condemnation for Traders
In the recent copy of Golf Digest, sitting on the coffee table in your editor’s hotel room, we happened on a two page ad for the SPDR Gold Exchange Traded Fund. It’s a pretty add, with lots of gold in it. The headline says, “Gold has a reputation for preserving wealth. Then again, we’re only going back 5,000 years.” There must be a lot of rich golfers out there. Gold made a new high when the December futures contract traded at $1,273.20.
September 15th, 2010 | Dan Denning | 10 comments | Continued
Myths, Human Psychology and Trading
There are many myths about the stock market. No one is exactly sure what the stock market is or how to make money from it consistently. We all have to come to our own understanding of what it is and do the best we can from there.
September 15th, 2010 | Murray Dawes | 1 comment | Continued
Resistance at 4,700
Last week we released a video to Daily Reckoning readers that was my weekly market update sent to my subscribers in Slipstream and Swarm. In it I was very bearish about the immediate future of the market because the ASX 200 had fallen below the key level of 4,400.
September 9th, 2010 | Murray Dawes | 8 comments | Continued
The Stock Market Has Hit Its Low!…Sort of
Global stock markets are in a multi-year bull-market and nominal prices are likely to appreciate for several more months. In our view, we are currently amidst a normal multi-week consolidation phase and most stock markets are likely to stage a sharp year-end advance.
September 9th, 2010 | Puru Saxena | 6 comments | Continued
Let it Be
Watch the bonds… We could be seeing the first crack in the bond market. But it seems too early to us. It seems more likely that the bond market will stretch this out…bringing more and more hapless investors on board before finally sinking. Everything takes longer than you expect.
September 9th, 2010 | Bill Bonner | 0 comments | Continued
The Insiders and the Speculators
How about another big hand for gold ladies and gentleman? What a great performance by the yellow metal. The near-month futures contract for element number 79 on the periodic table traded at an all-time high in New York. Gold’s new benchmark, for now, $1,257.30. Of course that’s the picture in U.S. dollar terms. In Aussie dollar terms, gold is up 9.8%. In the last six months, it’s up 19.58%. Over the last year-taking into account the slump from its all-time highs in May-it’s up just 2.18%.
September 8th, 2010 | Dan Denning | 1 comment | Continued
How Much is Too Much for Gold-in-the-Ground?
This year’s bumper gold-mining deals come as big discoveries have gone missing in gold…WHATEVER’S LURKING in Andean Resource’s data room – opened to suitors for two years, but now closed after GoldCorp trumped Eldorado’s US$3.3bn bid – it must be pretty spectacular.
September 8th, 2010 | Adrian Ash | 0 comments | Continued
