For investors trying to make sense of the markets, Jeff Clark in The Growth Stock Wire has some advice. “Neither fundamental nor technical analysis is working. And investors doubt their faith,” says Jeff. “It’s like finding your spouse in bed with your priest. Two deep-rooted bonds are shattered at once.”
Psychologists say decisions aren’t made simply on what you hear from others but also on what you hear in your own inner dialog. With investing, that can be the kiss of death if you let either fear or euphoria dominate the conversation. So what did you tell yourself this summer when gold plummeted 20% in 5 weeks and most gold stocks lost a third or more of their value? Did the dialog help you make a wise decision?
It’s true for almost any commodity: there are a lot of influences pushing on the price, and it’s hard to untangle them all. But gold is exceptional. A single factor dominates the market price – and you can measure it.
That’s right: the long-awaited Mania stage in gold may be nigh. How can I make such a claim? After all, some have been screaming “It’s here! It’s here!” for months or even years. So I propose that instead of simply declaring that Mania time is near, I lay out the facts and see if you come to the same conclusion.
Palladium is looking like it might break out of its horizontal trading pattern and follow gold and silver prices higher. If this heappens, says Jeff Clark, then the biggest gains will come in the shares of North American Palladium (PAL) and Stillwater Mining (SWC) – North America’s two largest palladium-mining companies…
Stocks are in a bear market, and many investors are having a tough time figuring out how to trade it. Fortunately for us, we have a map, says Brian Hunt in DailyWealth. If this bear market follows the pattern of the 2000-2002 bear, we should be looking at an August rally in stocks…
Wall Street got thumped yesterday on renewed worries about the financial sector. The major indexes fell more than 2 percent. The Dow lost more than 230 points.
The sector is by no means out of the woods. Investors expect more major credit-related writedowns. They expect earnings to be dismal.
Jeff Clark in The Growth Stock Wire says this all adds up to a great contrarian opportunity. Financials are brutally oversold. Jeff says look out for a two-week rally. Buy banks now and you could be looking at 30% gains…
Now here’s a true contrarian play from Brian Hunt at Stansberry Research: Buy into financial stocks ahead of their earnings results. Successful contrarian investing hinges on exploiting errors in consensus opinion. The consensus now is that financials are going to report catastrophic earnings and their stocks are going to dive… big time. What if, instead of Armaggedon, we get the plague, says Brian. His bet is stocks will rally…
There are plenty of reasons why US stocks are volatile at the moment (to get a better idea, check out these articles by Brian Hunt, Rick Pendergraft, and Jeff Clark). But lurking behind the chaos in the banking sector and wildly fluctuating commodity prices are ‘witching days.’
Crude oil prices fell on Friday by $1 in electronic trade after Iran responded to an international offer of economic incentives if it suspends a central part of its nuclear program.
Crude futures fell from Thrusday’s record high of $145.85 in New York to close at $145.29 a barrel.
Jeff Clark in The Growth Stock Wire advised readers on Thursday to watch out for when oil “finally puts in a short-term top and starts to head lower.” Jeff says the bottom will be in place for the stock market when this happens. He says oil is the only indicator now for stocks.