What were your returns last year? Well, the answer is, it’s all relative. Many of the mis-categorized perma-bears (Peter Schiff, Jim Rogers, etc.) have repeatedly asserted that diversifying away from the US dollar is essential and that any nominal gains are illusory. Not surprisingly, the mainstream pundits have a very difficult time [...]
Below is the email I sent to research subscribers on 11/05/2007:
RJA is an exchange-traded note, similar to an ETF except that is liability based on an index, as opposed to a fund.
What this means is that the security does not actually buy the commodities contracts and roll them over, say the way GLD does. [...]
It was surprising to wake up to the pleasant sight of half my portfolio at 52-week highs. Apparently, gold has broken through its all-time nominal high, oil fast approaches $100 and not unrelated, the US dollar index precipitously sits right at the 76 level, threatening to drop even further. While these trends have [...]
While Ben Bernanke may be feeling quite proud of himself at the moment, the financial markets are pondering his next move. In the latest Barron’s, Randall Forsyth spends a whole article pondering Donald Kohn’s jawboning and its affect on fed-funds futures. Apparently, they are pricing in lower probabilities of further rate cuts.
Obviously, that market’s [...]
