Yesterday was a good day for stock market investors. Prices went up. The Dow rose 254 points, leaving us uncertain about its near-term intentions. Of course, we’re always uncertain. But sometimes we’re more uncertain than others. What seems certain to us is that stocks are a bad bet. You might find this interesting, dear reader: [...]
It’s summertime…and the livin’ is still easy here in France. But the children are all gone. The house is quiet. Our office – usually a hive of activity when the children and their friends are here, checking email…searching for cheap tickets…or just hanging out – is as dead as a tomb. The only sign of [...]
Not much action in the markets yesterday. The Dow barely budged, but still ended the day in positive territory – the 7th day in a row of gains. Gold fell $6. Investors beware! Why? Because they are trapped. After 12 years without a real gain, they can’t afford to miss a major rally. So, they’re [...]
Meanwhile, in yesterday’s market action…the big thing that happened was the same thing that seems to happen every day lately. Gold hit a new record high. It rose almost $18 to close at $1,164. Now, the question we must ask ourselves is an old one: is this the final, blow-out phase of the gold bull [...]
