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Dow Jones at 12,000 Again: Here’s What Happens Next

The Dow Jones Industrial Average blew past the psychologically important 12,000 level yesterday. What a feat! Less than a month ago, on October 4, 2011, the Dow Jones Industrial Average was at its lowest level since September 2010: 10,400. The widely followed stock index has gained 1,800 points, or 17.3%, in less than a month. […]

Why We Can’t Have a Sustained Economic Recovery

Things are looking up for the economy again. Unfortunately, things are not always as they seem. The U.S. Commerce Department said that the U.S. economy grew at 2.5% in the third quarter—the fastest pace in a year. Moody’s Investor Services last week raised the corporate ratings of both Ford Motor Company (NYSE/F) and General Motors […]

Precious Metals Sector Deal-making Padding Investor Wallets

There have been a lot of mergers and acquisitions in the mining industry lately and the consolidation is only going to increase with gold over $1,800 an ounce and silver over $40.00. The buying and selling of entire companies adds to the attractiveness of the mining sector, with the bonus of a potential takeover of […]

Gold: Getting Ready for the Coming Correction

I’ve learned many things about investing over a career that has spanned 30 years. One of the biggest lessons is that not a single investment goes either straight up or straight down. When an investment is rising in price (bull market), there are usually dips and corrections on the way up. Just look at the […]

Low Consumer Confidence and the Spending Cycle

We all know that consumer spending accounts for about 70% of the gross domestic product (GDP) growth in this country. And when confidence is low, you also know consumers may be more hesitant to spend, holding back on any major purchases, such as homes, vehicles, furniture, appliances and travel, to list a few. This will […]