If you read this blog or listen to my podcast on a regular basis, you know that I don’t consider myself a technician. But that doesn’t mean I don’t pay attention to technical levels—you have to take information from multiple places in order to make the best decisions. So to close out the first full [...]

How about gold, folks!? When we dipped down around 1520 I called it a bear trap, and I warned people not to get caught in short positions. Now, over the last four days, we’ve seen gold bounce up around $90. Incredible! As a long-term gold bull, I was very eager to take advantage of that [...]

Once again, gold is the big story. We’re seeing a fairly dramatic end-of-year liquidation, and it’s retraced so much that we’re almost entering bear market territory. I’m calling this the beginning of a bear trap: the trend followers are no longer getting long and are starting to get short—which in my mind is a buying [...]

As I write this, the March gold contract is trading around 1607, down more than 3% on the day. This downward pressure is coming from central bankers who need to raise money by the end of the year but can’t sell off their debt (bonds)—and all they have left that’s liquid is gold. I’m bullish [...]

Folks, as I write this, the yield on the 10-year is 1.7%, and the reason is because there is a ton of confusion out there in the marketplace. So much, in fact, that people are willing to go into a net-negative interest rate situation (at least for the short term) because of the uncertainty with [...]

Well, folks, yesterday we got a one-two punch. First, my fellow Chicagoan went in front of the United Nations and, in my opinion, missed a tremendous opportunity to voice opposition to Palestinian UN membership. His weakness and lack of confidence permeated the financial world, especially in Europe, where the selloff began to escalate. Then, there [...]

Folks, today is quadruple expiration, the day where contracts for stock futures, index futures and options expire. I’ve been talking all week on the show about how, in addition to what’s happening in Europe, this expiration phenomenon also has an impact. So, why is it important? There are literally hundreds of billions of dollars sitting [...]

Folks, yesterday, Jim Cramer interviewed Treasury Secretary Tim Geithner on CNBC. I probably don’t need to remind you that I think Mr. Geithner is a little long in the tooth as far as that position is concerned, but he said something very important that I wanted to make sure you all caught: there is no [...]

Folks, last week I told you to look for hints that Germany would come to the rescue of the European Union, and today we got another one. The German Constitutional Court has upheld the legality of bailout packages for member nations stricken with debt. That’s good news for European banks that are holding that Greek [...]

Folks, for those of you who were enjoying your long weekend and not watching the market, yesterday there was a huge selloff in Europe. German markets were down about 5%, and our markets were catching up here this morning. Stocks opened sharply down, and gold is near 1900—emotion has found its way back into the [...]