Seeking Alpha

Richard Cox

 
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  • Renewed Share Buying, Attractive Valuations Put Prospect Capital Back In Focus
    Fri, Nov. 21 PSEC 32 Comments

    Summary

    • Prospect earnings results holding up well despite initial fears.
    • NAV declines not enough to justify current share values.
    • Massive share buying signals opportunities for long-term dividend investors.
  • GLD: True Sentiment Shifts Or The Next Bull Trap?
    Tue, Jul. 22 GLD 60 Comments

    Summary

    • Geopolitical influences creating bull trap for those bullish GLD.
    • Transitory headlines offer no real foundation for sustainably bullish trends.
    • Upside pressure on the Dollar and prospects for rising interest rates create unfavorable environment for GLD.
  • SPDR Gold Trust ETF: Bulls Still Cautious At The Highs
    Mon, Jul. 7 GLD 17 Comments

    Summary

    • Jobs data supports Fed's underlying rate outlook.
    • Positives and negatives exist, but caution remains warranted with GLD at elevated levels.
    • Watch the Dollar as a precursor to trend changes in the metals ETFs.
  • Iraq: What Is The Real Impact On Oil?
    Tue, Jul. 1 XOM, USO 5 Comments

    Summary

    • A bull trap is currently being set for oil traders.
    • Short-term highs in Exxon Mobil are looking shaky given the broader climate.
    • Sustained performance in USO depends on output productivity, not Iraq military conflicts.
  • SPY: What Could Derail The Rally?
    Mon, Jun. 23 SPY 18 Comments

    Summary

    • Market optimism reflected in record stock prices.
    • Wide variety of assets influenced by the bull market run in stocks.
    • Watch the Dollar for signs of underlying economic strength.
  • GLD: Why Shouldn't It Drop Further?
    Wed, Jun. 11 GLD 60 Comments

    Summary

    • Prior forecasts proving to be highly accurate.
    • Little reason to expect rallies in the precious metals ETFs.
    • Strong labor markets suggest that the Fed will continue with stimulus reductions.
  • More Reasons To Sell The Euro
    Thu, May. 29 EWG, FXE, UUP Comment!

    Summary

    • Euro failure seen at critical psychological level.
    • Relative growth performance suggest a period of prolonged weakness.
    • ECB could announce new stimulus measures as early as next week.
  • ECB Will Prevent Further Euro Strength
    Tue, May. 13 FXE 1 Comment

    Summary

    • Long positions in euro-based assets looking increasingly risky.
    • Central bank stance supports outlook for lower euro.
    • Relative growth performance still favors US dollar.
  • Avoid GLD: Ukraine-Fueled Pop Is Unsustainable
    Wed, May. 7 GLD 26 Comments

    Summary

    • Transitory geopolitical influences will only generate short-term rallies in GLD.
    • Investors should be watching ETF outflows, rather than unrelated news headlines.
    • Inability to generate significant momentum and break the September 2013 highs creates added cause for concern.
  • APB: A Closed-End Fund For An Elevated Stock Market
    Wed, May. 7 APB 10 Comments

    Summary

    • Elevated stock benchmarks make closed-end funds more attractive.
    • Positive growth surprises in China support the outlook for emerging Asia.
    • APB offers access to well-positioned companies that are difficult for US investors to buy directly.
  • Prospect Capital - Looking Solid Into Earnings Release
    Mon, May. 5 PSEC 13 Comments

    Summary

    • Volatility in BDCs likely to be short-lived.
    • Prospect's fundamentals and ability to generate elevated income still look favorable.
    • Progress in company's Harbortouch deal will be telling in terms of what to expect next in earnings.
  • Latest Earnings Will Buy Time For Apple's Cook
    Mon, Apr. 28 AAPL 21 Comments

    Summary

    • Quarterly earnings may have beaten weak estimates, but the underlying strength here is undeniable.
    • Apple now has its opportunity to win back the market's positive attention.
    • Latest results will give Tim Cook the time and flexibility he needs to introduce Apple's next product innovation.
  • Start Looking For Contrarian Positions In British Pound
    Wed, Apr. 23 GLD, SLV, UUP 4 Comments

    Summary

    • Dollar weakness has reached extreme levels.
    • Changing Fed stance will positively influence supply and demand dynamics in the Dollar.
    • Growth rates, inflation figures suggest the overbought Pound should be sold.
  • SPDR Gold Trust ETF: The Times Are A-Changin'
    Tue, Apr. 22 GLD 52 Comments

    Summary

    • Gold's historical position as the ultimate store of value no longer applies.
    • Rising consumer inflation suggests the Fed has room to tighten monetary policy.
    • Rallies in GLD have only generated false breakouts and bull-traps.
  • Euro Rally Is A Selling Opportunity
    Sun, Apr. 13 UUP, FXE Comment!

    Summary

    • Moves in Euro, Pound driven by technicals - not fundamentals.
    • ECB policy stance suggests concern over Euro strength.
    • Relative growth rates, policy agendas favor US Dollar.
  • Prospect Capital Continues To Build On Its Strengths
    Wed, Apr. 9 PSEC 29 Comments

    Summary

    • Prospect Capital continues to hold its position as a top-notch business development company.
    • Recent strategies indicate plans to move back toward its core strategies.
    • Alternative stock selections are present for those looking for broader access to BDCs.
  • ECB Policy Stance Could Put Euro At Risk
    Tue, Apr. 1 UUP 1 Comment

    Summary

    • ECB well aware that regional debt problems could resurface.
    • Relative growth performance favors US currency.
    • Eurozone macro data (in manufacturing and PMI surveys) suggest long-term weakness lies ahead.
  • Gold: The Declines Won't Stop Here
    Tue, Mar. 25 GLD 184 Comments

    Summary

    • Gold-positive drivers from early 2014 are not sustainable.
    • The Fed Stance and rising interest rates are a gold bear’s best friend.
    • GoldBugs, its time to stop avoiding the realities of the fundamentals.
  • Closed-End Funds: The Best Way To Play An Elevated Stock Market
    Thu, Mar. 13 CEN, JGH 17 Comments

    Summary

    • Stock benchmarks at elevated levels offer limited potential for upside.
    • Closed-end funds create strong alternatives for those looking to gain stock exposure.
    • NAV discounts and elevated dividends support the outlook for CEN and JGT.
  • 3 Dividend Stocks For Retirement
    Tue, Feb. 25 PSEC, XOM, JNJ 16 Comments
  • Stock Picks For The E-Cigarette Surge
    Tue, Feb. 25 LO, MO, BTI 7 Comments
  • Newmont Mining: Watch For Further Dividend Cuts
    Sun, Feb. 23 NEM 12 Comments
  • Positive Sector Outlook Supports Campbell Soup Company
    Sun, Feb. 16 CPB 1 Comment
  • Gold: Setting Up For Another Fall
    Wed, Feb. 12 GLD, IAU, PHYS 57 Comments
  • When You're Right, You're Still Wrong: GLD Hits 115 Bear Target
    Dec. 23, 2013 GLD 64 Comments
  • Oil To Remain Under Pressure Into Next Year
    Dec. 2, 2013 USO 16 Comments
  • GLD: Bears Set Sights On 115
    Nov. 25, 2013 GLD 54 Comments
  • GLD: When Will The Gold Bugs Give In?
    Nov. 15, 2013 GLD 257 Comments
  • Gold Trust ETF Falling As Expected
    Nov. 5, 2013 GLD 93 Comments
  • S&P 500: Supported By Earnings, But Upside Limited
    Oct. 30, 2013 SPY Comment!
  • GLD: Sell While You Still Have A Chance
    Oct. 26, 2013 GLD 165 Comments
  • 3 End-Of-Year Buys In Energy Stocks
    Oct. 16, 2013 USO 3 Comments