From gold and energy prices to government whistleblowers, Money and Markets’ newsletter editors sounded off on the most important topics of the week. Below are snippets from the editors and links to their services.
From Larry Edelson’s Gold and Silver Trader …
“Some investors and traders give a lot of credence to a double bottom pattern [in gold] but almost always, double bottoms and tops fail to hold.
“This is what I expect for gold. It WILL move to lower lows. The only question is when, and the timing is still in effect to see a major low this month.”
From Douglas Davenport’s Inflation Survival Strategy …
“The S&P 500 remains in a strong uptrend and is now nearing the upper trend line of a 26-month channel. First and foremost, there is no sign of a major top … Tops often take months to form and we have yet to see a lower peak, a double top or a head-and-shoulders top anywhere on the charts.”
From Mike Larson’s Interest Rate Speculator …
“The Federal Reserve is now losing even more control of the bond market. People with real money on the line no longer believe the empty policymaker promises of “low rates now and forever.
“That’s not just my opinion … it’s the cold, hard verdict being rendered by the market right here, right now.”
From Don Lucek’s Weiss Million-Dollar Ratings Portfolio …
” … I think softness in energy prices could provide a great opportunity to buy into the sector at better short term prices. And I think the interest rate environment will obviously call attention to balance sheets in the sector. But most importantly, I think this interest rate story has implications for consumers, too …”
From Charles Goyette’s Freedom & Prosperity Letter …
“The government wants people to speak up when they see something wrong.
“The failure to do so just cost JPMorgan $1.7 billion.
” … If the government is going to lean on the principle that people have an affirmative duty to report the wrongdoing they see, shouldn’t Edward Snowden be free to come home unmolested?
“Maybe, instead of going down a typical government rat hole, the $1.7 billion the government is getting from JPMorgan could be used to reward whistleblowers, those who did say something when they saw something.”
The Money and Markets Team