Since the first trading session in May we have seen the stock market sell off. The old saying “sell in May and go away” was dead on again this year. Here we are 7 weeks later with the stock market continuing to lose ground. This extended sell off has everyone all worked up that this is the beginning of another market collapse. Let’s take a quick...

Don’t let the perma bulls fool you, this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginnings of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it’s going to be much much worse than it was in `08. For months now I’ve...

Did you know that just 10 banks are responsible for about $3.2 trillion of currency trades a day? Citibank, UBS, Barclay’s and others control 80% of the $4 trillion daily turnover in currencies. The truth is that these banks are the SOURCE of all the currency trends. They’re so big, they can move the market. It’s the old 80/20 rule applied...

By Jordan Roy-Byrne, CMT Gold and Silver equities have led the markets lower and have underperformed the metals significantly this year. For the past month or so Gold has firmed and Bonds have moved higher as most asset classes have declined. Unfortunately mining equities have been among the worst performers. However, our work leads us to...

The Fed is taking away the $600 billion QE2 punch bowl that’s been feeding the markets. If you’re not prepared, you could lose 20% to 30% overnight. At this point, a major market correction is almost unavoidable. Click here to see how one of Wall Street’s savviest traders is positioning to profit during this crisis. Worse, there are 4 more...

Courtesy of John Rubino H/T Phil’s Stock World Conventional wisdom — backed up by years of observation — states that gold mining shares tend to outperform the underlying metal in good times because they’re “leveraged to the price of gold.” That is, their extraction costs are more-or-less fixed, so when gold rises, most of the increase...

The New California Gold Rush. The gold rush is back on in California. On my way back from Lake Tahoe recently, I saw that every bend of the American river was dotted with hopeful amateur miners, looking to make a windfall fortune. Weekend hobbyists were there panning away from the banks, while the hardcore pros stood in hip waders balancing portable...

Courtesy of Phil of Phil’s Stock World Good golly what a mess! I hate to say I told you so but…  Oh wait, no, I’m actually loving this…  I TOLD YOU SO!  Look at July 2008 and look at June 2011.  Now, look at July 2008 and look at June 2011.  Now, look at where oil USUALLY trades.  Is it over $100 or under $80?  You...

“The paranoia gripped us, The rain turned engines to rust The panic set in like a cancer to our hearts; Spreading through We bet on finite genius; Or prayed for God to save us But there was no antidote, Disease tore us apart We left bodies in the fields, So numb that we forgot how to feel.” ~ Rise Against: Endgame Lyrics ~ The price action in U.S....

This has got to be one of the top 2 or 3 ideas anyone has ever had about how to make serious money trading FOREX. Click here to check it out now! I don’t want to steal Mike’s thunder, so I won’t spoil the surprise. All I can say is: Prepare to be floored by what you’re about to see. Check this out before you make another trade! All my best, The...

(Excerpt from the Casey Research 2011 Silver Investing Guide) Silver has been on fire over the last three years — substantially outperforming its spotlight-grabbing cousin, gold. Because we believe this bull run is far from over, we advise investors to always maintain exposure to the precious metals markets. Even if you haven’t yet participated...

From the desk of John Thomas The Mad Hedge Fund Trader Thursday, June 16, 2011 Goodbye BRIC, Hello N-11. Jim O’Neill, the clever Goldman Sachs analyst who came up with the term “BRIC” a decade ago, has cooked up a new, catchy investment theme. Get ready for the “N-11”, shorthand for the...

Tim Iacono Manufacturing conditions in the Northeast have deteriorated rapidly over the last month, the New York Federal Reserve reporting that the Empire State manufacturing index dipped into negative territory for the first time since last November. In a survey where readings above and below zero indicate expansion and contraction, respectively,...

by Tyler Durden Greece’s D-Day has arrived: June 15 may soon be the 2011 equivalent of May 6, 2010 when the reaction to the realization that Greece was insolvent hit the population, together with a peak in hostilities, not to mention the US market flash crashing. In addition to a general strike, thousands are already packing the central Syntagma...

By: John Darsie of T3Live US markets looked to be digesting the big gap down this morning, but took a nose-dive starting around 11:30am ET. Investors and traders seem to be losing faith in this market after another round of dismal data this morning, highlighted by the Empire State manufacturing reading. The survey results came in at -7.8, compared with...