What looks like a long-term breakout on the chart is not. The all-time-high on September 26th, 2011, was $185.85 for the GLD ETF. Today’s trade was close to $185.85 but as of 1 pm central time, it doesn’t look like … Continued
Contrary to most investors thinking that gold is primarily an inflation hedge, thinking about gold and its correlation to long-term equity returns, my own opinion is that gold is really a hedge for sub-par equity market returns, and gold and … Continued
The above chart, cut-and-pasted from MacroTrends, is an excellent pictorial of the price of gold bullion since the early 20th Century. I was in college back in the late 1970’s, early 1980’s when gold was hitting its peak, which … Continued
In 2014, I managed to avoid the Energy sector for clients, almost entirely, owning no Energy (crude oil or natural gas) companies and selling Halliburton near $70 during the summer of 2014. Unfortunately, like a golfer that eagles one hole, … Continued
While contemplating a couple of different blog posts today, Gary Morrow’s post from This Week on Wall Street (TWOWS), pretty much made the decision, as to what to write about tonight. Gary and I know each other from our days … Continued
Alcoa (AA): +4.23% today on average volume Freeport (FCX): +2.89% on average volume Peabody Energy (BTU): +2.41% on 2(x) average volume US Steel (X): +3.77% on average volume KOL, the coal ETF was up 2.47% on 2(x) average volume SLX, … Continued
Q2 ’13 earnings are thought to officially conclude this week, with WalMart’s fiscal q2 ’14 financial results due out before the bell on Thursday morning, August 15th. As of Friday, roughly 450 of the SP 500 have reported q2 ’13 earnings, … Continued
Per ThomsonReuter’s, “This Week in Earnings”, the “forward 4-quarter estimate” for the SP 500 earnings is now $113.14, down $0.16 from last week’s $113.30. The p.e ratio on the forward estimate is now 14(x). The “earnings yield” remains over 7% … Continued