Getting a Clue
February 7, 2010

Friday's late-day fireworks provided a lot of excitement... not to mention relief... for those sitting on long positions. The reversal certainly has the look of something significant and occurred in the neighborhood of both the potential support pivot we were watching and the timing band for... More...

Violations
February 4, 2010

Okay, let's cover the bad news first. During this intermediate decline, the market has thrown us curves, drawn us gold bugs into trades too early, and then dispensed more than a moderate amount of pain. However, until today none of our big picture expectations had been violated. With today's monster decline in silver, though, we are facing... More...

BP
February 2, 2010

Well, I though I was gonna lay low on the blogging for the rest of the week, but I suppose I'm just too addicted to this stuff. A family member expressed concern today about his BP shares, which are down over 10% from a recent high. The stock got clocked for 3% today, despite a big rise in oil. The controlling factor was presumably... More...

Less is More
February 1, 2010

The first day of February was exciting for gold bugs... on paper, at least. The Docfolio recaptured one-third of its January loss in a single session, and I'm sure many of you had similar pleasures. It would be nice to see a dozen or so such days over the next couple of months. The obvious question on everyone's mind... More...

"As effecting crises, inflation of the currency stimulates the speculative fever and promotes unprofitable enterprises. It is particularly true that, if irredeemable paper is issued in any considerable quantity, prices are sure to rise." - Theodore E. Burton, Financial Crises and Periods of Industrial and Commercial Depression (1902)

New Articles

A Critique of the Banking Reform Bill of 2009
Congress bids for a power grab while doing little to prevent another crisis.

Outlook 2009
Stocks continue to slide, unemployment rises, commodities languish.

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The Big Picture

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Safe Haven

The Evil Speculator

Arthur de Vany

Lew Rockwell

Mish

Wall St. Warrior

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