• Mining pure money, from the money pits. The "Go to" currencies of Gold and Silver!
    As I have said in a previous post, Gold does not have a price, Gold "IS" the price!IT is also my opinion that gold miners are very much undervalued as they now are mining "money" and that the cost of that mining is determined in fiat currency. Now does it really matter... More »
    Sep. 3, 2011 ABX, GG, KGC
  • Who are the real Congress
    The English language has some wonderfully anthropomorphic collective nouns for the various groups of animals.We are all familiar with a herd of cows, a flock of chickens, a school of fish and a gaggle of geese.However, less widely known is a pride of lions, a murder of crows (as well as their... More »
    Sep. 3, 2011
  • Market update for SPY (S&P500)
    Since the SPDRs S&P 500 Trust Series ETF (SPY) found support at $110.27 four weeks ago – the 38.2% Fibonacci level of the uptrend measured from the March 2009 low – it's been tracing out a Bearish Flag formation. The objective for the Head & Shoulders top reversal pattern at... More »
    Sep. 3, 2011 SPY
  • Mr. President More Jobs, Less Lawyers and Politicians
    President Obama delivers a major speech this week, and the topic will be on job growth.  He plans to discuss how to get the United States back on track and growing again.  He plans to improve mortgage refinancing, thereby saving homeowners $85B a year.  In addition,... More »
    Sep. 3, 2011 BAC, JPM, GS
  • Turkey expels Israeli Ambst.. Going to World Court over Gaza Blockade.
    Ending all military ties.Getting ready for the Sept 21 UN vote. Again, buy real gold. Dump US stocks and maybe use short instruments or... More »
    Sep. 3, 2011
  • Trading Week Outlook: Sep. 5 - Sep. 9
    Sep. 3, 2011 ( – While the market keeps mulling over the dismal U.S. employment report after the long weekend, the Labor Day holiday-shortened week ahead will spice things up in the currency world with five interest rate announcements from major central banks as traders... More »
    Sep. 3, 2011 DIA, EEA, GBB
  • Current events in Israel and leading to the UN vote. Don't be long stocks !
    Major wave of terror sweeps across Israel Dear Gofitobob,Over the past two weeks, a major wave of terror has swept over the nation of Israel. At least ten Jews have been killed and dozens more injured in a series of carefully planned and coordinated terrorist attacks. In addition, the... More »
    Sep. 3, 2011
  • Magic Formula Links for Week of 9/3/2011
    Interesting news and links from around the financial universe concerning Magic Formula Investing stocks this week:H&R Block Drops after Q1 Report, Ahead of Anti-Trust HearingThe TaxAct anti-trust case will make it very difficult for HRB to quickly move into software DIY and, oddly,... More »
    Sep. 3, 2011 HRBQ, DISH, AP
  • Sampson's letter to CNBC's Ms. Fox on gold. Ms. Fox, the article seems to be on the ball.  However, I have been posting for sometime on S A an other metal blogs and warning all the TA guys calling for gold to turn that there missing the "BIG" fundamental big picture this time. The same... More »
    Sep. 3, 2011
  • When Debt Levels turn Cancerous
    In a recent article by AEP in the Telegraph, he presents a favorable opinion of Stephen Cecchetti's recent economic paper:"Achieving Maximum Long-Run Growth". Through it's own analysis on the economic effects of mounting Total US Debt from 1980 to 2010, this paper proposes an historic... More »
    Sep. 3, 2011