Wednesday, January 16, 2013

Who Owns The Most Gold

Ever wonder which country owns the most gold in the world. Check out this article on Wealth Daily that breaks down the Top 10 countries in the world. Some of the country's that made the list are obvious but there are a few surprises. Read more -->>

Tuesday, January 15, 2013

State of the World Economy

Check out this chart from for the $BDI

This is a five year chart of the Baltic Dry Ship Index $BDI. What a disaster! Raw goods are not moving out of Europe because of a collapse in worldwide demand. No one talks about this anymore. People are more worried about getting a Facebook $FB phone or worrying about whether Lance Armstrong doped up. The Baltic Dry Ship Index $BDI is a great leading indicator of what is to come.

BPGDM Signaling Buy or Sell?

Wednesday, May 16, 2012

Time To Go To Cash?

Let me start by saying I am truly humbled by the number of followers we have out there.  It has been awesome and I hope the future is bright for our stock market and economic commentary.

We are at a tipping point in the worldwide markets, and though I don’t feel we are in the same boat we were in 2007 and 2008, I feel the markets are too unstable to make substantial trades and investments.  

My reasoning is simple.  The Euro crisis, no matter how little we make of it, is not going away anytime soon.  Secondly, we have to test the S&P low of 667 in order to be in a new Bull Market.  Those issues have to be dealt with before an “all clear” is apparent.  Lastly, too many people are abandoning fundamental investment strategies and looking too closely at Technical Indicators.  That is not a good sign for the near term future of the markets.  Technicals have to confirm fundamentals.

If Greece leaves the Euro, the Euro will tumble, the U.S. dollar will rally and commodity prices will get crushed.  Thus, sending commodity related stocks tumbling.  Not a good position to be in.

My advice today is to go to cash and wait all this out.  There will be plenty of opportunities in the coming years.  Right now there just are not any.

Posted via email from The Traders Block