February 3, 2012

A POINTER FOR INTERNATIONAL SUBSCRIBERS REGARDING GOLD AND SILVER

We often trade gold ETF GLD and silver ETF SLV.  These ETFs are not available in some international markets.  However, different gold and silver ETFs are available in most markets.  Please consider ETFs that trade in your market with the following two characteristics:  the highest volume ETF and the smallest

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TAKE PROFITS ON MRO

MRO has been a long term position.     Our reason for buying was that considerable value could be unlocked if MRO went to spin off its refining operations.   Well, it worked out just the way we predicted.   MRO spun off its refining operations.   The new refiner has been trading under the symbol MPC.

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GREAT NEWS A FEW MINUTES AGO AND GOLD SPIKES UP

The U.S. Department of Labor just reported employment numbers for January. This number is known as ‘Mother of all numbers’.  January non-farm private payrolls increased by 257k  vs 168k consensus.  There are several components to this number, but our models focus on non-farm private payrolls.  The number was a blow

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