Gold is back but for how long?
Commodity prices are flying. Nickel doubled in price in two days. Wheat is up 50% and has experienced trading halts for five straight days. Gold has breached $2,000 an ounce and we all know what has happened to the price of oil. How long can it last? As longtime readers know, I formally recommended commodities…
By Bill Schmick
March 10, 2022
Do not chase stocks
Commodities are soaring. Interest rates are falling. Stocks can’t get out of their own way. All of this is occurring while the first war in decades continues to rage in Ukraine. Seems to me that any gains in the market averages next week will remain dead cat bounces in this bear market. Yes, I hate…
By Bill Schmick
March 4, 2022
Investors should take a deep breath
The war drums are beating. Oil and gas prices are soaring. Inflation is at a decades-long high. Bearish sentiment is exploding. And the stock market is giving investors angina. What to do? Take a deep breath and remember that whatever the circumstances, this too shall pass. I know that is easy to say, but a…
By Bill Schmick
February 24, 2022
Crypto crashes (again)
While investors focus on the losses that are piling up in the stock market, the cryptocurrency space has suffered far more. The bears say it has further to go, but that may depend on what happens to stocks. Bitcoin, the grand daddy of crypto currencies, is trading around $38,400 per coin as of January 25,…
By Bill Schmick
January 27, 2022
Dropping out of emerging markets
When I make trades in my investment portfolios, I like to keep you informed. Not that you should do what I do. I mean, what I do in my portfolio or portfolios of clients may not represent your objectives. But you can use it as a guideline for what you are trying to accomplish. On…
By Allen Harris
October 18, 2021
U.S. shale producers can’t rescue us
Oil prices are up 70% since last year. Prices at the pump are well over $4.25/gallon. Everyone from President Biden on down is scrambling to find a way to reduce energy prices. Why, therefore, aren’t we looking at our own domestic oil producers? Unlike Saudi Arabia or the United Arab Emirates, which can increase the…
By Bill Schmick
March 24, 2022