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Obama’s Role in the Next Market Breakout
A hunch is a dangerous thing…
And nowhere is it more dangerous than in the investment world, where a wrong hunch can get you a one way ticket to poverty bay.
That said, we thought we’d let you know ours anyway. We have a hunch the market is ready for a very sizeable move. That shouldn’t surprise you; after all the VIX is still hovering in the stratosphere, and big moves are, by definition, accompanied by elevated levels in volatility.
Yet a few things need explaining. First, why the markets have been moving sideways since the end of September ’08 – all the while accompanied…
28Jan2009 | Oxbury Research | 0 comments | ContinuedBob Moriarty: Laying Out a Feast for Bears and Gold Bugs
Source: The Gold Report
In this exclusive interview with The Gold Report, 321gold.com founder Bob Moriarty provides abundant food for thought about the continuing U.S. financial debacle. Unlike many other observers, he foresees a short-term rally in the stock market but paints a bleak longer-term picture. He expects the ship of state to sink like the Titanic, with precious metals holdings and other “things” the only safety nets on board. Not one to whitewash his opinions, Bob seems to be right more often than not but also freely admits it when he makes mistakes. As he puts it, “When my theories don’t…
8Nov2008 | The Gold Report | Comments Off | ContinuedGold Price Rebound
Gold: Cheap as Chips…?
The sharp drop in world gold prices starting in late July knocked the cost of physical metal more than 20 percent off its record top of mid-March at last week’s low point.
That level — just above $750 per ounce — also happens to sit right where the uptrend starting in Sept. 2005 now lies. Meaning, for technical analysts at least, either a test (and perhaps collapse) of the bull market…or a screaming opportunity to buy gold on the cheap.
Whichever way prices now move from here, however, it’s worth considering the typical shape of a year in the…
20Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedPound Sterling Plummets as the Chance for a BOE Rate Cut Improves
The British pound fell to a 22-month low yesterday (Wednesday), after the Bank of England (BOE) offered a gloomy outlook for the U.K. economy and the chance of an interest rate cut increased.
The pound fell to $1.8656 yesterday – its lowest level since October 2006 – from 1.8968 the day prior. The British currency has fallen 5.4% against the dollar so far this year, and 7.6% against the dollar since the end of July. The pound is down 7.5% against the euro this year.
The decline has been prompted by a perceived shift in BOE policy, as many analysts…
14Aug2008 | Money Morning | Comments Off | Continued
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