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 mentioned yesterday, the end of the month and the end of the quarter can be tricky times. There is a lot of activity going off this week—much more so than normal—which happens to coincide with a market that, in my mind, is still underinvested. All that scared money on the sidelines needs [...]
Folks, if you’re thinking about anything besides what’s going on in Europe these days, you’re missing the picture. I’ve said before that I don’t think the EU will break apart, but I do believe that we’ve gotten to a point where we need the other shoe to drop. And that shoe is a Greek bankruptcy. [...]
Folks, when last week’s silver debacle was in full swing—and when I say debacle, I’m talking about when silver ran up near 50 then dived down to the late 30s—I saw a lot of people who’d been trading ETFs wagging their fingers at the CME, blaming them for forcing a mass liquidation by raising margins. [...]
Folks, as I mentioned yesterday, I went out to Las Vegas to attend The Money Show. It was a great time. I’m always happy to see a few thousand people congregate to learn more about the financial services industry that used to be such a mystery. I talked to a lot of people while I [...]
Folks, I’m making my way out to fabulous Las Vegas, Nevada today for The Money Show, which is taking place all week. Joe Cusick, senior market analyst at OptionsXpress, sat in for me on this morning’s broadcast. I’ll be back behind the mic tomorrow for what has become the fastest and one of the most [...]
Folks, we’ve got an old saying on the floor of the exchange: volatility is good; extreme volatility is scary. If you’ve been trading these markets you know what I’m talking about. Historic moves are taking place, and it takes a strong stomach to stay in the game. Unemployment numbers came out today, and they were [...]
I had a couple of guests on the broadcast this morning, my good friend Joe Cusick, senior market analyst with OptionsXpress, and Bill Heath of Barrington Financial. Of course, we all know about OptionsXpress, a wonderful online platform for trading stocks, options and futures. Joe’s daily newsletter goes out to about 20,000 people, and we’ll [...]