I've been talking about oil
prices going up on this podcast. This is the highest oil has closed over two
years and if we get above 62.75 which
is less than a dollar away that would be
the highest closed in oil since December
of 2014. But it was all between July of
2014 in December that oil prices
collapsed from above $100 a barrel to
down below 40 and so I think once we get
above 63 for example, I think we got
clear sailing up to 80 to $100 oil and I
think we can do that this year!
Jan 8, 2018
Jan 5, 2018
The Implications of the US Dollar Weakness
On a recent tweet, Peter Schiff highlights the recent moves in crude oil and gold and the implications of the US Dollar weakness going forward:
"Gold closed above $1,300 an ounce for the 1st time in 5 years, oil closed above $60 per barrel for the 1st time in 4 years, and the U.S. dollar fell the most in 14 years. Interesting that no one is worried about what this implies for inflation or interest rates in 2018!"
Related: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures
Jan 2, 2018
US Stock Market: This Never Happened Before In History
I think this is the first year that the
Dow Jones Industrials Average (DJIA) has ever gained 5,000 points in a
single year. In fact, the Dow Jones was up every
month of 2017. That's never happened
before in history.
In fact, we've
gone 14 consecutive months without a
decline and not only were we up
every month but 2017 represented the
lowest year ever of stock market
volatility meaning that even though the
market was going up it barely ever went
down so it never made anybody nervous.
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY)
Dec 27, 2017
Stock Market: Expensive, Complacency
The market has never been this expensive while at the same time so few people are worried that it might go down. (Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ))
Dec 26, 2017
The Next Recession
Recessions have been happening for quite some time and you know the next one is long overdue and I do think that the enthusiasm surrounding the tax cuts and the gains in the market could well extend the period between now and the next recession but I don't think it will extend it long enough for Trump to be reelected.
Dec 22, 2017
Bitcoin Is Going To Crash Down
I am sure that it is a bubble, in fact it's probably the biggest bubble I've ever seen in my career as an investor and I've seen quite a few bubbles and I'm familiar with this psychology that surrounds them.
And you know Bitcoin has all of the characteristics of a bubble, in fact it's not just Bitcoin it's the entire cryptocurrency space. I think it's a massive speculative bubble and maybe we've seen the top and maybe we haven't I don't know but I think when the top is in this thing is gonna come crashing down, it's not just gonna go down slowly. You know there's an expression that markets take the stairs up and the elevator down, well you know Bitcoin took a rocket ship up and it's gonna come down even faster.
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