We decided to cover both our ConocoPhilips and Continental Resources short positions due to several reasons. We were counting on a quicker correction of the energy stocks along with the oil price. However, not only has the oil price moved higher, so has the broader markets. Fortunately, we did not lose any money…
In just a bit more than a week, the U.S. Government added nearly another HALF-TRILLION in public debt. Of course, this was due to the “temporary” lifting of the debt ceiling by the honorable members in the Senate. However, with adding nearly $500 billion of new debt, the price tag for servicing that debt is…
Americans continue to buy a great deal of silver and gold bullion, with a large percentage coming from Canada. It’s truly amazing how much of the Royal Canadian Mint’s Silver and Gold Maples are purchased by Americans. With both Silver and Gold Maple Leaf sales up considerably this year, the majority are shipped south to U.S. investors…
Is the oil price going up to $200 a barrel? Some analysts believe we are heading for much higher energy prices. While this may be the case, we need to look at the fundamental data to understand the energy markets better. Also, don’t high gasoline prices impact consumer demand? Sure it does…
In this important Gold Member video presentation, I explain how “Fracking on Steroids” has allowed the U.S. Shale Oil Industry’s House Of Cards to continue. Investors need to understand what is taking place with energy because it is the number one driver of the global economy. And, with U.S. shale oil production…
Today’s huge 10% crash in IBM’s share price wasn’t a shock to legendary Short Trader Jim Chanos. Chanos has been talking about how “IBM’s financial engineering” propped up its share price for a few years. But, like with all “Financial Scams,” the fundamentals always come back to haunt the less savvy investors…