2014 Fearless Forecasts – Looking Back and Gazing Ahead
Each year in my January newsletter (“News and Views”) I make a number of predictions about the stock market, the domestic economy and maybe a few key trends. At the same time, review the accuracy, or lack thereof, of my Fearless Forecasts from the prior year. So let’s first see how my prognostications from last year panned out before I make this year’s prognostications....
Read MoreMore on Gold
For those of you new to my writings you may be unaware that I’ve been bullish on investing in gold since 2001 when the price was only about $270/oz. In fact, on my first appearance on the Fox News channel in December 2002 (you can view the clip, and all my appearances in the WAM in the Media section of my website: www.waminvest.com), one of my recommendations was Newmont Mining, then...
Read MoreQE3
About 30 minutes ago Fed Chairman Ben Bernanke, as expected, announced another round of quantitative easing (QE3) in a futile attempt to stimulate our moribund economy. This is simply throwing good money ($40 billion per month) after bad. In addition to the aforementioned bond buying program he guaranteed that rates will remain exceptionally low until at least 2015. While this is great for...
Read MoreRevisiting My 2012 Fearless Forecasts
These were the predictions that I made in the January 19 edition of my monthly newsletter, “News and Views”. All in all, they aren’t too bad after seven months. And you’ll notice that I predicted the Giants would beat the Patriots in the Super Bowl. Got that one dead right. I think the broad markets will be up in 2012. Put me down for a 10% gain for the Dow Jones...
Read MoreGold Moving
The price of gold is quietly rising. After peaking last September at over $1,900/oz, the price steadily declined to as low as around $1,534/oz (support level) a few times this year, most recently in May. Twice since then the price has rallied to around $1,635 or so (resistance level). Right now, August futures are around $1,622. So once again gold seems to be heading toward resistance. Should it...
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