Sunday, September 26, 2010

DailyMarkets.com - Gold – A Projection Of $1,500 In November Isn’t That Crazy

DailyMarkets.com - Gold – A Projection Of $1,500 In November Isn’t That Crazy

Gold – A Projection Of $1,500 In November Isn’t That Crazy

Posted: 26 Sep 2010 05:01 PM PDT

It’s been a while since I have had time to write a substantive post due to my full-time employment as a public school teacher. But I found time this morning, so let’s do some catching up on where we are right now with respect to gold, silver, the US Dollar and the Stock Market!

The charts I am using come from: FreeStockCharts.

This first chart is a weekly look at the World Gold Index (XGLD) for the past 4 years, more or less. My focus with this chart is the bigger picture of gold’s … [visit site to read more]

Gotta Laugh

Posted: 26 Sep 2010 03:43 PM PDT

Congressman Barney Frank: “I think the economy is getting ready to take off.”

It’s bad enough when those who represent us won’t (or can’t) do the job they were elected to do. But when they act like they have a clue about business, finance, and economics, all you can do is laugh.
(Hat tip to The Cynical … [visit site to read more]

Next Resistance Levels For The S&P 500

Posted: 26 Sep 2010 03:01 PM PDT

Heading into next week, the momentum is clearly with the bulls. I thought it would be useful to find out where the next resistance levels lie, so decided to do a multi time frame analysis of the S&P charts. Hopefully, these charts will also go on to show the readers who are new to technical analysis the importance of taking multiple time frames into account while charting.

Let’s start with the 15 minute chart of S&P. It is clear that 1148.80 is the immediate resistance level. … [visit site to read more]

Consuelo Mack Interviews BlackRock’s Dennis Stattman

Posted: 26 Sep 2010 01:00 PM PDT

There was major interviews last week with David Tepper, and Warren Buffett. I will get to them sometime this week.
However every Saturday Consuelo Mack WealthTrack, usually books a great interview with a famous portfolio manager/investor/expert etc. The interview usually lasts about half an hour. It is good, and informative video which is a good watch for over the weekend.
If you want some interesting articles (instead of, or in addition to the video) here are my favorite links which I plan to … [visit site to read more]

Republican Economics As Social Darwinism

Posted: 26 Sep 2010 11:29 AM PDT

John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: "Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life."
Actually, those weren't Boehner's words. They were uttered by Herbert Hoover's treasury secretary, millionaire … [visit site to read more]
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