November 18, 2011 - Quote of the Day
?We know things are upside down when we have an Italian central banker and a German pope. That?s not the way it is supposed to be,? said Steve Cortez of Veracruz Research.
Entries by DougD
Sold Out! November 25 Portland Strategy Luncheon
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Lunch, which I will be conducting in Portland, Oregon at 12:00 noon on Friday, November 25, 2011, the day after Thanksgiving. A three-course lunch will be followed by a PowerPoint presentation and an extended question-and-answer period. I?ll be giving you my up-to-date
Why Residential Real Estate Will Not Recover
One of the most frequently asked questions at my recent round of strategy luncheons, seminars, and keynote speaking engagements has been ?Is it time to buy a home?? I responded with ?No, no, a thousand times no,? and proceeded to rail off the countless reasons. My answer always piques listeners? interest, as 67% of Americans
Bottom Feeding in Real Estate
I was driving through a prominent San Francisco neighborhood last Sunday, looking for a McMansion open house. When I came to one key intersection there were more than a dozen signs directing me to competing offerings. What a joke. And the agent told me that market conditions were gradually improving! It looks like current and
November 17, 2011 - Quote of the Day
?The problem is not the new ideas, it is escaping from the old ones,? said economist John Maynard Keynes
What?s Up With Gold?
Have you ever held a basketball underwater in a swimming pool and let go? It flies to the upside and pops you in the nose. That is exactly what gold is doing now. After the barbarous relic peaked at $1,922 on August 24, it traded like an absolute pig, giving up 20% in a matter
The Ultra Bull Case for Gold
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
Revisiting the First Silver Bubble
With smoke still rising from the ruins of the recent silver crash, I thought I'd touch base with a wizened and grizzled old veteran who still remembers the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered
Meet the Teflon Market
Pound away at this market all you want, and it just refuses to go down. In recent weeks we have received a torrent of bad news from Europe, including the fall of governments in Greece and Italy, and the S&P 500 index keeps migrating back to the 1,260 level, as if attracted by some supernatural,
November 15, 2011 - Quote of the Day
?I?d rather own silver than Toyota in an environment like we are having now,? said Jim Rogers, CEO of Rogers Holdings.