Investors Daily Edge’s Lynn Carpenter says the latest rally in U.S. stocks could have more staying power than the previous bounce in spring.
Using technical analysis to find the relative strength of the U.S. stock rally compared to other markets, Lynn says there are signs that money is heading back into the U.S. again.
Lynn Carpenter at Investor’s Daily Edge says that for every super-smart investor there are several spontaenous and irrational money-chasers. Some of the biggest risk takers are Sovereign Wealth Funds (SWF), state-owned funds that hold an estimated $3 trillion in assets worldwide. These funds have little transparency and no clear long-term objectives, but can show investors where money is flowing in the market.
London is a money town. It has been the center of the whole Western world’s currency transactions for three centuries. Until 1945, the British pound sterling was the world’s primary reserve currency. The pound is less popular than the dollar or euro now. But whatever currency is king, London is likely to bank it, trade it and exchange it.
On July 31, Lynn Carpenter in Investor’s Daily Edge explained why gold could drop as low as $750 an ounce. Lynn says much of gold’s downward trajectory is due to supply and demand. But if the metal falls below its support line of $750, its next target could be in the $600 to $620 range…
This is a testing time for gold bugs.
After dashing past the $1,000 mark in March, gold is back down to just over $830 an ounce.
But there’s hope. The Sovereign Society’s Eric Roseman expects to see a massive rally in gold stocks as the dollar’s surge runs out of steam.
“Without higher interest rates to support the buck,” says Eric, “balanced budgets or a rapid return to above-trend economic growth, there is absolutely no reason for the dollar to sustain this rally beyond a few months.”
One of the rules of writing financial columns and staying out of trouble is never diss gold. But it’s not disrespectful to notice reality. Gold is now bearish. So if you bought gold for trading, now is a good time to take your profits and run, says Lynn Carpenter in Investor’s Daily Edge. If you bought gold for its long-term asset value, its protection against inflation and the security it represents, then you are still fine…
The U.S. economy is certifiably lousy, says Lynn Carpenter in Investor’s Daily Edge. Many businesses are looking for a turnaround. There are many factors affecting the success of a turnaround. A company needs to have a clear direction of what it is and where it is going. And it needs a brand name that has not been dragged through the mud. More from Lynn…
While researching the coming Rising Tide Letter, I realized there was a new trend brewing. Starbucks already capitalized on it, though the company over-expanded. Let me ask you a question. If somebody led you in blindfolded and then unmasked you, could you tell if you were in a Starbucks (SBUX) or a Benningan’s ?
Long stuff up there on gold, so I’ll make this short. Where’s the shiny stuff going? Back in January, I told my Rising Tide readers that the Streetraks Gold ETF (GLD) was a smart buy. It’s certainly hit new highs since… and I think gold is an asset with long-term value for a bit of money. But…
With the rise in the price of gold, it’s not surprising that those who revere gold as money are saying, “I told you so.” Gold has a long history as a trade medium, and an interesting one. One of the neatest books I read this past year was a 19th century banking manual that had a chapter on how bankers should handle gold coins. While we think of the metal as fairly sturdy, portable and easy to use, according to a banker with lots of experience, handling gold coins was a pain in the neck.
