With Gold (GLD) reaching all-time highs again this week more investors are putting cash into anything precious metal related but I am here to caution you on doing so.  There are far better opportunities than gold right now and chasing this trend is not the formula for generating short-term growth.  We have traded GLD call options 8 times this...

Wednesday the market didn’t tell us anything new. The equities market is still over extended on the daily chart but the market is refusing to break down. Each time there has been seen selling in the market over the past two weeks, the market recovers. Equities and the dollar have been trading with an inverse relationship and it seems to drop every...

Courtesy of Mish Inquiring minds might be interested in charts of GDP minus the effect of increased government spending. The charts are from reader Tim Wallace who writes … Dear Mish - Take a look at the following spreadsheets of GDP from 2001 to 2010, in chained 2005 dollars to account for [price] inflation. U.S. GDP and Net GDP (subtracting government...

By David Galland, Managing Editor, The Casey Report We recently received the following comment in our Q&A Knowledge Base. Investors should be prepared to sell gold as either increased inflation expectations or doubts around debt sustainability force a sharp increase in US Treasury bond yields. Simply put, in an environment of high real interest...

By Phil at Phil’s Stock World War does not determine who is right, only who is left. – Bertrand Russell Just when you thought it was safe to go back in the water, Japan and China are at it again.  We discussed the “fishing’ incident last week and Japan has released the Chinese captain who rammed one of their Coast Guard vessels....

After a fierce equities rally on Friday, which I figured would happen, just not that strong; I have to wonder if there is some event or major decision in the works we don’t know about? Friday’s rally could be something simpler like window dressing by the funds. This is when the funds buy up all the top performing stocks for month end reporting....

Here is another example of data manipulation: The Labor Department reported that initial jobless claims edged up to 465,000 from the previous week’s revised figured of 453,000. However these are not real but adjusted figures. Unadjusted, totaled 379,369 in the week ending Sept. 18, an increase of 37,705 from the previous week. There were 437,543...

By Phil of Phil’s Stock World What a fun day for debate! Former Fed Chair, Paul Volcker went way off-script in Chicago yesterday and “moved unsparingly from banks to regulators to business schools to the Fed to money-market funds during his luncheon speech.  He praised the new financial overhaul law, but said the system remained at...

By Louis James, Senior Editor, Casey’s International Speculator Alaska is one of the most prospective and yet most underexplored areas in the world. There are good reasons for the neglect, most notably the long, cold winters and the lack of infrastructure. Whether the latter is a result of, or a cause of, there being few people in the state is an...

It’s been a wild ride the past few days OptionsX, Obama and FOMC comments. Seems like everyone is waiting to see what the market is going to do going forward at this pivotal point… Since the market topped in April and has since been trading sideways in this rather large range, everyone has small positions at work but waiting for a decisive move...

 Courtesy of Mish Curve Watcher’s Anonymous is looking at various long-term and intraday charts of treasuries and the stock market following Tuesday’s FOMC meeting. $TNX: 10-Year Treasury Yield Intraday Chart Click on any chart to see a sharper image. Note the initial spike higher in yields right on the announcement. This headfake is very...

The Market Ticker But but but it was over, right? WASHINGTON, DC – U.S. house prices fell 0.5 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decline in June was revised to a 1.2 percent decline. The unusually large revision...

Courtesy of Yves Smith at Naked Capitalism The news reports on GMAC Mortgage’s decision to halt evictions and foreclosure sales in 23 states, as originally reported by Bloomberg News, has generated keen interest in the mortgage and securitizaion communities. One reason is the oddly abrupt and broad nature of GMAC Mortgage’s action. GMAC Mortgage...

Gold Scents It’s been my position for a while that Bernanke’s monetary policy would eventually create a currency crisis in the world’s reserve currency. I warned that crisis would begin as soon as it became apparent the dollar was caught in the grip of the 3 year cycle decline. I had three conditions that had to be met before I was willing...

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report The gold price has been hitting ever-new records over the past couple weeks, now closing in on the $1,300 mark. Some gold followers are saying this is extremely bullish for the near-term price since it broke so decisively through its June 28th high of $1,261. If they’re right,...