Monthly Archives: September 2011
Over the past few weeks gold has dropped from all-time highs in the $1900s to approx $1600. What’s going on? The short and simple answer is: Gold’s price ran up too far too fast. The more insightful answer is: • The price moved too far above its 50-day exponential moving average (ema) — the gold line in the graph below. It needed to come […] Read the rest of this entry
Amid rampant speculation, the Fed met for an extended two-day meeting this week. Either the Fed was going to announce something big, or they would announce something sort of big. What we got: The Fed is going to buy $400B in 6-30 year Treasuries, and sell an equal amount of short term (3 year and less maturity) Tnotes. This will happen during the […] Read the rest of this entry
Since the beginning of the year, the greedometer has been indicating the US stock market is going through a secular topping-out process. We had a run at the highs again in July (as expected) — when Triangle Wealth Management placed a warning of a massive impending stock market drop in the Wall Street Journal. A few weeks ago (mid August), the greedometer delivered […] Read the rest of this entry
On August 31st 2011, Triangle Wealth Management ran a full page advertisement in the local newspaper – The Raleigh News and Observer. The response has been overwhelmingly positive. I look forward to an insightful discussion. If you are interested in attending, please drop us an email or call. The criteria for attending: Qualifications. You must: have $400,000 or more in investable assets. (not in […] Read the rest of this entry
