Monthly Archives: May 2013
Is the Gold Bull Market Over?
Agnico Eagle (AEM/T) doesn’t think so. In the past two months, Agnico, which incidentally is one of my favourite gold mining companies, has shelled out $54 billion to buy somewhere between ten and fifteen percent of four junior precious metals … Continue reading
S & P 500 Key Point Reversal. Is an intermediate peak in stock prices at hand?
This Friday’s closing price of 1,649.60 points on the S & P 500 completed a Key Point Reversal high on the weekly chart. If this is not reversed this following week it likely means that US stock prices are heading … Continue reading
The Rift between Stock Prices and The Economy
There are too many people saying that US stocks are in a very precarious position for that to be the case. I believe that we are in a blow-off in stock prices, but not yet at the critical phase. We’ll … Continue reading
“Irrational Exuberance,” All Over Again.
What a joke! Headlined in the Financial Times Weekend edition, May 11/12 2013-“Bernanke Warns Against Risk Taking.” Really? Well if he hasn’t been the conduit for ‘risk taking’ then who has it been? He’s got interest rates at zero and … Continue reading
The Dow at record highs in this winter stock bear market!
Here we go again; the Dow closes at a new record high of 15,105.12 today, May 8/2013. Some of you must be wondering how I could have got it so wrong. I have been calling for the winter stock bear … Continue reading