Not Quite the Record I Expected
Interesting week. As we approach Monday, the day that is over 55 days since the DOW last made a new high, it is worth repeating the question I have asked every week since: is the top behind us? The...
View ArticleFour Charts, and Thoughts on Toronto
I was in Toronto for parts of every day this past week. Both of our boys were off on school trips, so my wife and I decided to take a mini-vacation and spent Monday and Tuesday night in Toronto. We...
View ArticleDo we know any more today than we knew last week?
No. No we don’t. The DOW remains below all time new high territory, although the Boyz tried to get it there on Friday with a 1.5% push, but that only looked good in comparison to the low on Wednesday,...
View ArticleNothing Interesting Yet, But Stay Tuned
So we made a new high on the Dow. The correction has been postponed, at least for a while. Why is this relevant? As I have noted many times over the last two months, crashes don’t happen from the...
View ArticleInteresting Start to 2016
Interesting. The DOW and S&P 500 had their worst “first five days of the year” performance in history. Yeah, I would say a 6 percent loss on the week isn’t great. Apple was down almost 8 percent...
View ArticleApple: My Play This Week
I’ll get back to talking about gold next week (and I’m guessing you want to be short, not long at the moment, but only temporarily). Today, let’s talk Apple (the stock, not the red thing that grows on...
View ArticleGold Correcting, so Buy Apple
It would appear that gold is entering a correction phase. Of course I’ve been saying that for weeks, and a significant correction has not occurred, but that appears to be where we are headed. Gold is...
View ArticleGold or Bitcoin: What’s the Best Investment?
Yup, I did it. I used the words “bitcoin” and “investment” in the same sentence. I do not think of Bitcoin as an investment. I think of it as a speculation. Or gambling. However, there is no doubt...
View ArticleApple: A Nice Cash Generator
I continue to hold a number of gold stocks, but this week something different: AAPL – Apple. As you can see, the chart of Apple is a nice long uptrend (year to date). From under $120 at the start of...
View ArticleThe Great Bitcoin Crash of Yesterday, and two months ago, and four months...
Kinda fun to watch, eh? At 8:30 am on December 17 Bitcon was trading at almost $20,000 US. On December 22 at 9:15 am it was trading at just under $10,500 US. That’s almost a 50% drop in less than a...
View ArticleHow will China Impact the Market?
As I write this on Saturday morning, January 25, 2020, the coronavirus spread is accelerating in China, and that’s not good news. Gold was trading at $1,546 on January 21, and sits at $1,571 now, so it...
View ArticleApple – AAPL – My Experiment
We all know the Feds are printing money like crazy, and the stock market will keep rising until the US election in November, so it’s prudent to take a position in the stock or stocks that will benefit...
View ArticleOut of Apple
Last week I described my Apple Experiment; this week I ended the experiment. You will recall that I bought Apple shares, and sold covered writes against them. That worked out fine, most of the...
View ArticleDisaster: The Beginning, or the End?
Quite a week, eh? Last week I was bragging about how it was a great week for gold; everything looked great. This week, not so much. NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, the...
View ArticleMy Fun with Apple
This week I decided to play with Apple options. Apple, in case you haven’t heard, is a really big company; as goes Apple, so goes the market. If Apple is up, it’s likely the market is also up, and...
View ArticleSilly Season for Apple
I’ll get back to a discussion of gold next week (which is doing great, thank you very much) but for today, let’s discuss the true “bell weather” stock of this crazy market: APPL – Apple Inc. made yet...
View ArticleStock Split Craziness
I said last week that I would get back to a discussion of gold this week, but I won’t, other than to say gold is doing fine, building a solid base above $1,920, which presumably will propel it on its...
View ArticleVolatility
The word of the year is not COVID, it’s volatility. I’m not going to even bother putting up the charts, because you know what they look like. Apple, Tesla, whatever, they are highly volatile. I...
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