Gold’s up $300 this year. Gold stocks are tearing it up. For those of you who saw how cheap gold stocks were five months ago, you know how epic this move has been. Has it been too much though? Here’s the simple way to know if it is.
DetailsGold prices rocketed to their highest point in two years, as investors continue to buy into the safe-haven on low/negative interest rates and lingering global economic concerns. Also fueling gold were comments from New York Federal Reserve President William Dudley who noted the bank would be patient on raising rates on the heels of low…
Details“Summer of shocks.” That was the headline from CNBC a few weeks ago covering the results of a survey of institutional investors. It really stuck out to me. It’s practically the “Get ready for more volatility” non-prediction prediction that always turns out to be right. Stocks are volatile. Water is wet. There is, however, a…
DetailsAt one time, Puerto Rico was one of the most prolific economies of the Caribbean. Its economy thrived on tax incentives given to U.S. companies under Section 936 U.S. IRS Code in 1976, which allowed companies to send profits back to the United States with minimal taxes. Eli Lilly, Abbott Laboratories, Johnson & Johnson and…
DetailsOver the last several days, global markets buckled under the strain of increased volatility, and uncertainty. It was a train wreck of emotional trading. Worldwide markets lost $3 trillion in two days. The Nikkei lost 1,280 points – the biggest drop in 16 years. The Dow Jones Industrial Average lost more than 800 points. European…
DetailsLong, massive, and inevitable trends. That’s where you’re going to make most of your money as an investor. The wealthiest people I have ever met made most of their money in just one or two of them. Today is a special time to be an investor. We’re looking at two of them at the same…
DetailsStock markets are back in the black for the year. The DOW is up over 500 points from its close at 17,425 on December 31, 2015 On June 24 and 27, the DOW fell 870 points in response to the Brexit vote. However, it recovered 830 of those points over the next four trading days. …
DetailsThe next big sell-off should be days away. It should be worse than the Brexit-driven drop. It shouldn’t recover nearly as fast though. The key word in all this is should. Thanks to one simple concept few investors realize, it will lead to far more gains than losses.
DetailsWhen the UK began talking about possibly leaving the European Union (EU), it sent shock waves through the markets. In the days leading up to the UK vote, analysts predicted Britain would vote to remain a part of the EU, and polls throughout the country showed support had shifted to remaining. Calm resumed. Fears receded. …
DetailsOver the last two trading sessions, we’ve seen the global community lose more than $2 trillion of value over the UK vote to leave the European Union. The news set off a firestorm of fear. The Dow Jones Industrial Average plummeted 800 points. The British pound fell to a 30-year low. Gold surged as expected. …
DetailsThe Brexit picture is getting muddier by the day. Everything from a quick process to another referendum to nullify the first one have been proposed. The only certainty is that no one knows how this is all going to play out. If you look at the markets, you’d think the Brexit vote was going to…
DetailsWithin minutes, global markets lost $2 trillion. Indexes buckled under the strain of Britain’s vote to leave the European Union (EU). The pound tumbled to its lowest point in 30 years. The Dow Jones Industrial Average plummeted 600 points. The FTSE 100 Index fell to a 2008 low. Gold surged to $1,358 an ounce. Banking…
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