Two things I find very interesting are housing and interest rates, which are intertwined.  This is definitely one of the things we need to keep an eye on.  Folks, this is why I am  bearish interest rates and bearish bonds.  I think we are going to see  interest rates increase and the price of bonds [...]

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 [...]

Folks, we’re coming up on the end of what has been an exceptionally strong month. In the last few weeks, we’ve seen tremendous moves in equities—the Dow shot up more than 9%, the NASDAQ more than 11% and the S&P more than 10%. After a run like that, we want to see the market stop [...]

We’ve talked a lot about synthetic positions, how there is roughly a trillion dollars out there in derivative products—futures, options, etc.—that are being used by portfolio managers to replicate the performance of indices. These portfolio managers’ “alpha”—their trading skill—is judged by how they perform against whatever index is their benchmark. So, say the benchmark is [...]

Folks, I received a number of emails asking about my move around silver during this correction, so I’m going to talk in a little more detail about the constructive hedge I made. Not because I’m trying to show off, but because if I were going to write a textbook, I couldn’t come up with a [...]

Folks, I’m a patriotic guy. I think this is the greatest country in the world—truly a land of opportunity. And that’s coming from someone who is first-generation American, the son of Armenian immigrants, who has seen the American Dream come true. But love of country does not change the fact that we are seeing a [...]

Folks, days like these are great days. The market continues to go up, and the diehard bears aren’t simply scratching their heads, they’re capitulating.  But keep in mind that when the bears cry “uncle,” it often means that we’re at near-term top. And that’s what I’m seeing with silver. I’ve been telling you about silver [...]