The technical edge - Gold is making a turn, the counter trend

Gold is in a downtrend. If you look at the chart you will see the double top with multiple red divergence paints showing before it rolled over. Now it’s flashing divergence in the trend and set…


SODA what a pop!

This is a repeat of a prior post. I only wish I had listened to my own advice as we made so much money on this trade we didn’t keep enough of a tail. We have a small but exciting position in an…


I still think gold goes higher here back to test it’s 50 day mark around 1378

We don’t have many friends in the Mideast. If Egypt is the strongest ally we have in the Arab world, it’s hard to believe that we can’t improve our position here. It’s either Woodstock or……


Extremely bad close today-BUY GOLD AND OIL HEDGE HEDGE

We are now heavy into gold stocks, ETF, and USO. The situation in Egypt going into a long weekend and the end of the month will make hedge funds nervous. Expect a very weak close. Hedge as much as…


Buy these two gold miners for a quick trade NEM ABX

The Fed decision today to leave rates unchanged should provide some near term impetus for gold to trade higher. These two prominent gold miners, NEM and ABX seem technically poised for a bounce.


Things look dicey

We have a very high cash position right now, almost 50%.  Half of the securities we own are municipal bonds we blogged about earlier.  The rest is in Intel, AMSC, ARTC, and a new position, SHLM.…


Value or Growth?

Everyone is fixated on finding the next Apple, but look at this stodgy department store, Dillard's. The stock rose twenty fold in twenty three months.  Too bad I didn’t buy it. It’s been on my screen…


True Religion Play

True Religion Apparel is technically poised for a bounce. Anecdotal checks of inventory show little discounting which leads me to believe that XMAS season went well. The high end consumer seems to…


Our largest positions for the New Year - Visa

Our largest position is Visa which is 16.41%.  This is an out-sized position and we will be reducing it soon one way or the other.  We all know who Visa is and we think it is pretty clear that cash…