Those transfixed by gold blasting through the $1,750 level have been missing the real action in silver. The white metal has soared 34% to $34 since the beginning of the year, compared to only a 14% move for the barbaric relic, an outperformance of 2.4 to one. I have been a raging bull on the
With silver back in the headlines, I thought I'd touch base with a wizened and grizzled old veteran who still remembers the last time the biggest bubble in history popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in
?There?s no exit. I think it?s more likely that the Fed buys all the Treasury bonds that exist than to work the opposite direction and start selling them. I have no concept of what the Fed exit strategy is going to look like. It?s way out in the future,? said Jeffrey Gundlach, CEO of fixed
Take a look at the 30 year chart of the S&P 500 below, and it?s clear that the market is approaching a critical juncture. With the closely watched index closing at 1,460 today, we are a mere 140 points from the iron ceiling that has been unassailable for the past 13 years. The chart is
?It?s all artificial stimulation. The market wouldn?t be here without quantitative easing,? said a NYSE floor trader.
Sometimes market moves call for options, and I?ve used a lot of them recently. Can options be profitable? The proof is in the pudding as my strategies have paid off handsomely. However, I do get a lot of questions about option strategies and how best to place trades. In an effort to help my readers
I went into my local Apple store last week to buy an iPhone 5 to replace my aging iPhone 4s. The sales girl looked at me like I was out of my mind. She gave me a website address where I could pre-order and said good luck. I found out later that the company sold
?The reality is that the iPhone 5 is going to do more for the economy than QE3,? said Kevin Warsh, a former Federal Reserve governor.
Since Ben Bernanke?s announcement of QE3 last week, new forecasts for gold have been popping up like acne at a high school prom. They range from the conservative to the absurd, from $1,900 to $55,000. But they all have one thing in common: higher. Before you head down to the local coin store to load
I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only