Russia Is Buying A Lot Of Gold

The relationship between Russia and the West is not getting any better. Recently Putin returned early from the G20 summit where he was criticized multiple times and it quickly became clear that the president of Russia was not going to sit around and take it. It feels like the arguments are not getting resolved at…

No, It’s Not Time To Buy Energy Stocks Yet

Yesterday, I discussed the recent slide in oil prices wherein I stated: “For investors long ‘energy’ at the current time, oil prices are indeed extremely oversold and are due for a bounce. That ‘bounce’ should likely be used to substantially reduce energy positions in the short term as an increasing amount of data suggests oil prices could go lower.”…

The Trouble With Tesla

I’ve mentioned this before, but it bears repeating: Tesla (TSLA), having lost over a fifth of its market cap from its high, is vulnerable in two important ways: one, it can’t seem to get its act together with the Model X (which was initially shown years ago, and to this day still isn’t an officially-launched…

The Middle Class Spending Crash Explained

With Black Friday sales plunging and Cyber Monday growth slowing, it appears the chickens of stagnant wages and debt-saturation are coming home to roost for a massacred middle-class America. However, as WSJ reports “we are buying less stuff,” because the basic costs of necessities such as healthcare, food eaten at home, rent, education, and cellphones…

When Will The Fed Raise Rates? Voluntarily…Never.

The world’s central bankers started QE (Quantitative Easing) programs and government debt buying back in late 2008 as a “temporary” measure to provide liquidity to struggling economies. Ever since 2008 people have been debating when U.S. interest rates will be heading back up. Answering that question requires insight into politics more than it does economics….

Don’t Bet On $70 Oil Lasting Long

Oil platform. Source: Wikipedia You puttin’ the hurtin’ on ‘em now. – Tommy Wilkerson Dear Diary, Again, we quote our old friend. Mr. Market has been puttin’ the hurtin’ on gold bulls. Yesterday, he went after the gold shorts. Gold rose $42.60 – or 3.6%. That’s proportionally equal to a move of 640 points on the…