Gas prices in my area have once again started rising and are now comfortably over $4 per gallon. With another northeast winter just around the corner, home heating oil is poised for $5 per gallon by first frost. Consumers and investors alike should expect a steady and rapid rise in price from these current levels....Read More
The other day I was talking to my friend Billy about the recent move Dow Jones made to the Industrial Average – a move, no doubt, prompted by the Supreme Court’s decision regarding the Affordable Care Act. That decision changed the Market significantly. Shortly thereafter, on July 7, 2012, I concluded in Supreme Letdown: “The “healthcare boom” begins...Read More
As mentioned previously, QE announcements in Europe and America sent stock prices soaring. The 15-51 strength Indicator posted another new all-time high, closing over 70,000 points for the first time in its history. The same news pushed the Dow Jones Industrial Average over the action zone high, and officially into a territory known as irrational exuberance. The Average ended the week...Read More
Just a few days after posting Where There’s a Boom…, European Central Bank president Mario Draghi announced that he was ready to follow America’s lead and implement a Euro Zone version of quantitative easing (QE) – this in an attempt to soften its deepening economic crisis — and it sent stocks flying. Like in the U.S.,...Read More
As the Federal Reserve inches closer to implementing another round of monetary smoke and mirrors, gold has once again taken over the Dow Jones Industrial Average for the year. Gold is up 8%, the Dow added 7%, while the 15-51 Indicator has gained a stunning 40% so far this year. It is, in fact, performing...Read More