All Posts Tagged With: "Silver Etf"
7 Defensive Stock Picks to See You Through This Recession
Stocks are whipsawing again today as Mr. Market digests a coordinated worldwide rate cut. After opening 200 points down, the Dow zoomed to a net gain of 150 points before sliding back into negative territory.
These violent swings can be devastating for the short-term investor. But Jon Herring says market volatility is handing long-term investors a once-in-a-generation chance to buy world-dominating companies at bargain prices.
Jon recommends seven stocks that are price leaders or have pricing power.
Why You Shouldn’t Panic-Sell Commodities
Is nowhere safe? Even physical assets - which are usually considered a safe-haven from stock market turmoil - have fallen sharply in the last month. Only gold and silver have held up against the tide…just. Commodities specialist Lee Lowell says there will be plenty more volatility in the weeks to come. But he says those who do not join the panic selling will win out in the end…
What is a Gold Bug?
A genuine gold bug is a person who is emboldened by knowing that 4,000 years of continuous economic history proves that EVERY fiat currency has failed, as they will always fail, and that gold will rise, just like it always has…
Financial Head Loppings
Now that aggregate government spending is approximately half of all spending in the country, the major point of all the recent losses is the effect that Florida, like many states, is discovering to its horror that tax revenues are falling as the economy spirals down and down.
Gold Prices Skyrocket $70… Biggest One-Day Spike Since 1980
Gold prices closed up $70 at $850.50 today - the biggest one-day move since 1980. The precious metal surged has much as $84 during trading, as investors sought safety from tumbling US stocks.
“We have a global financial crisis and nobody has a clear answer, therefore stocks, currencies and debt are being questioned and nobody wants to own a ‘paper’ asset,” said an equity trader at investment adviser Austin Calvert-Falvin to MarketWatch.
Of course, Contrarian Profits readers won’t be surprised by today’s move…
Low Prices Stir Up Bullion Buying Frenzy
Gold and silver didn’t do much from the opening in the Far East until the London p.m. fix at 10 a.m. NY time. Then both began to rise from that point onward. Gold finished up $16.80 and silver was up 28 cents. I was underwhelmed, as the dollar finished down almost a full cent. However platinum and palladium had a stellar day…both doing much better than silver or gold. That’s because nobody has a thumb on their prices. However, the gold equities were on fire, so I’m thankful for that.
Chinese Demand Will Rally Commodities and Mining Stocks
Mining is an expensive business. So if commodities prices fall sharply many mines are forced to close rather than operate at a loss. When this happens supply tightens and prices begin to recover. Chris Mayer says there are signs this is happening now… and a rally in mining stocks is on its way.
Oversold Commodities Are Due a Sharp Rebound
Lee Lowell at The Smart Profits Report says commodities are continuing their late summer swoon. Crude oil, natural gas, gold and silver have all taken heavy losses since mid-July, when the dollar began to rally. But like a lot of the contrarian investment experts we have published here on Contrarian Profits Lee says these commodities are oversold right now. A sharp rebound could be just around the corner…
And Then There’s This…Saturday, September 6th, 2008
Gold and silver both showed signs of life early in London trading yesterday morning, and really took off on the Comex open and the release of the ‘employment’ numbers. But then the boyz showed up and hammered them both hard.
Why ‘Hard Wealth’ Is the Best Kind of Wealth
Nathan Lewis, the author of Gold: The Once and Future Money, says inflation is the biggest threat to your capital. Following the advice of stockbroker Gerald Loeb in his book The Battle for Investment Survival, Nathan says the best way to protect your wealth against inflation is “hard wealth”: gold, silver and other commodities.
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