By Jeff Clark, Casey Research BIG GOLD I outlined last week the increasingly bullish consensus among analysts about gold stocks. The same pattern exists with gold itself; growing numbers of analysts have either joined the movement or have upped their bullish outlook. The following comments and developments have all been reported just this month. It...

Welcome to the Funny Farm. I promised you a roller coaster for the financial markets this week, and that is exactly what we are getting. The on again/off again talks and the finger pointing that follows seems to be generating round lot moves of 30 points in the S&P 500. The high frequency trading algorithms are running wild. Keep in mind that what...

Tim Iacono In the “advance” estimate for the second quarter, the Commerce Department reported that real economic growth in the U.S. increased at an annual rate of 1.3 percent, far below consensus estimates of a two percent rate, and, as part of the annual data revisions, growth in the first quarter was revised downward, from a 1.8 percent rate...

By Jeff Clark, BIG GOLD In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero. History has a message for us: No fiat...

It was an exciting trading session Wednesday to say the least… With all the uncertainty floating around it is causing the stock market to be more volatile than normal. It seems like every other day there is some big headline news causing either strong buying of stocks or strong selling to take place. It’s this type of price action which spooks the...

by Karl Denninger That was an absolute disaster for Obama. Let us not forget that this President came into office and ran the credit card to the extent of more than $1,500 billion a year for the last two years.  He continued the bankrupt policies of George Bush who did the same damn thing.  He has blown money like crazy, yet has utterly refused to...

Recently I have had several members of my service requesting my thoughts on the macroeconomic backdrop which is shaping financial markets. I decided I would proffer an article about why I find such practice to be a total waste of time. Don’t get me wrong, acknowledging what is going on in the world around us as a trader is important because economic...

This Week in Stock World Weekly EU Black Debt Crisis in Remission  On Thursday, Euro-area leaders stepped up their efforts to resolve the ongoing Greek debt crisis, announcing €159Bn ($229Bn) in new aid for Greece. They arranged for bondholders to foot part of the bill and expanded the power of the €440Bn Euro rescue fund to buy debt across...

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Willem Weytjens www.profitimes.com   In this article we will discuss different ratios, including the important DowJones-to-Gold ratio, but also a special ratio which we will discuss below. Let’s start with the DowJones-to-Gold ratio. When you see the following chart, you will probably be convinced that the Dow-to-Gold ratio has a long way to...

Tim Iacono Years ago, listening to the investment wisdom of Warren Buffett and learning the ways of Benjamin Graham were an instrumental part of my personal development as an investor, however, in recent years, the former is starting to sound more and more like disgraced National Association of Realtors economist David Lereah for his indefatigable...

by Tyler Durden The economic disaster continues with the next target of Europe’s reverse Marshall Plan likely being the US itself. Initial claims just prolapsed to 418K, the 16th week over 400K, a 10K increase from the upward revised 408K last week (naturally before it was 405K), and a miss to expectations of 410K. Keep in mind this number...

How many times have you scratched your trading head wondering why gold or silver were either rallying hard or dropping hard on seemingly bearish or bullish news? How about the general stock market represented by the SP500 Index? Has it ever rallied when the headlines were horrible or tanked when the news seemed good? Well, welcome to crowd behavioral...

“It’s going to be a season with lots of accidents, and I’ll risk saying that we’ll be lucky if something really serious doesn’t happen.” ~ Ayrton Senna – Brazilian Race Car Driver ~ “Often you need to take some risk, but it must be a realistic risk, you can’t take a crazy risk.” ~ Sergei Bubka – World Pole Vault Record Holder...