"There is gold in them thar hills!"
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
We're in the midst of an amazing run off the recent lows in the stock market. As tempting as it is to buy some of leaders now, I think it would be a grave mistake.
The recent recession-fear craze hammered commodities prices, crushing the stocks of the companies that produce them. Commodities stocks were wholesale abandoned by frightened traders, left bludgeoned and bleeding.
Over the past year we have been learning more about the financial situations across the pond in Europe. With international issues on the rise, investors are panicking trying to find a safest haven for their capital.
That is correct, book the funeral, because if common sense and the free market are not allowed to resurrect themselves, we are destined to fall into the hole we have created.
It was a wild week to be sure and we've hit a tentative bottom in US equity markets with the S&P500 printing a double bottom pattern as I'd hoped would occur.
"A morsel of genuine history is a thing so rare as to be always valuable."
Thomas Jefferson
The recent sharp selloffs in stocks and commodities have fueled an incessant drumbeat of pessimism plaguing the financial markets.
I want to correct a mistake I made on my table for the foreign central bank holdings of US Treasury debt in my last article.
Many investors pigeon-hole themselves as "inflationists" or "deflationists", where an inflationist is someone who expects more inflation over the years immediately ahead and a deflationist is someone who expects deflation.
In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average.
I have good reason to believe that the general markets are headed lower here immediately and there is a good potential of a low being put in this coming week or the next before we may well see a strong rally through the end of 2011
Over the past week precious metal investors have had a wakeup call from their big shiny nest eggs. Last week's free fall in both gold and silver spot prices was enough to get investors into a panic.
The mainstream media does a terrible job with analysis. No secrets there. However, some aspects of this incompetence are so fundamental to their basic duties as to be completely unforgivable.
The Gold (and Silver) bull continues to closely follow the giant wave formation of a tsunami.
A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area.
It was quite the week to come back to after being away for the past two weeks with little to mostly no internet access.
The grinding 6-week-old bottoming process following the stock-market correction is doing its job, shaking out all the weak hands.
What a trading session Wednesday was with the FOMC meeting and the FED coming out leaving the Fed Funds Rate unchanged at 0.25% and saying the economy is looking weak and will not likely to get better any time soon.
Europe has become something of a four-letter word among American investors and speculators lately. Weak European stock action has been mesmerizing stock-index-futures traders here in the States.
A tsunami doesn't start with a bang, but with a whimper. The first sign is a little hump in the water way out in the distance that is barely notable.
Early August's sharp stock-market plunge ignited an explosion of bearish theories. And with the headline stock indexes still grinding along near lows over the month since, fears of a new bear market continue to proliferate today.
We recently witnessed a key bearish "Outside Reversal Week" reaching new highs for the rally from the August 9th crash bottom, but then ending the week lower than it began.
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Pure gold is so soft that a strong man can squeeze it and shape it.
