It’s been almost eleven months since the Dow Jones Industrial Average (DJI) has made a new high. It’s been over fifteen months since the Dow Jones Transportation Average (DJT) has made a new high. But, DJIA is only about 5% away from its highs. This makes it difficult for many people to determine if we’re…
Americans spend a whopping $70 billion per year on the lottery. That’s bigger than the entire U.S. venture capital industry! Imagine if instead of wasting money on lotto tickets, Americans invested that money in startups and small businesses. Starting May 16, we’ll all have the opportunity to invest as little as $100 in promising young companies. If…
There is little doubt that the United States Of America is in an inescapable debt trap. While I am not suggesting any gloom and doom scenario in the foreseeable future, the US dollar is likely to trend lower and the government is likely to try and inflate its way out of the debt trap. Unfortuantely,…
Photo Credit: Josh Hallett Alcoa, Inc. (AA) Materials – Metals & Mining | Reports April 11, After Market Close Alcoa, Inc., the global leader in lightweight metals technology, is prepared to kick off earnings season, as it typically does, with first quarter this Monday. Alcoa is coming off a better than expected fourth quarter, beating on the…
Myths That Just Won’t Die Gold just had its best quarter in 30 years. Not surprisingly, gold bears are coming out of the woodwork en masse in the mainstream media and the analyst community (see e.g. this recent write-up by Mish on the Goldman Sachs analyst who has been screaming “short gold” since right before it started rocketing higher in…
The weekend is right around the corner. I’ll be in Las Vegas with a group of crazy overworked men from New York most likely riding bikes and reading poetry. I don’t particularly like poetry (or rather, I’m no good at it) so my odds of survival are relatively low. If this is our last interaction…
Last week we concluded: As long as the gold stocks continue to hold support for another week or two then the near term outlook is bullish. A bull flag is a consolidation pattern that separates two strong moves. It could be developing in the miners. There is logical reason to be cautious if not bearish…
In the wake of huge plunge in wholesale inventories that still left the inventory-to-sales ratio in the stratosphere, the Atlanta Fed GDPNow Model plunged to +0.1%. Latest forecast: 0.1 percent — April 8, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.1 percent on April…
In a small sub-sector of the dividend stock universe, there can be found some of the most consistent and reliable dividend growth stocks in the entire market. Backed by strong contracts with guaranteed price increases, these stocks can be safe investments that produce an accelerating dividend stream year after year. The approximately 200 publicly traded…
Yesterday I noted how Almaden rocketed higher without the miserly bidder who failed to fill the day before. But that’s casino patron talk. You’re gonna win some and you’re gonna lose some. More often, hard work and consistency will get you where you are going. As an example, in a March 31 update we noted… “Still, we…
