Monthly Archives: July 2007

Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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With the opportunity coming Friday for more job lies and doctored numbers from the Ministry of Truth we continue to see evidence of what is happening in the real world. Online employment company Monster, who just a few months ago was ramped as high as 50 on takeover rumors, now reports what really went...
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The market rebounded from support levels, prompting a frenzy of bottom calls from the bulls and widespread trepidation among bears. One up day does not a bottom make, however. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you...
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On April 12 the NY Times published a glowing puff piece about John Devaney, a subprime mortgage hedge fund guy. Recently Devaney has run into a rough patch and was forced to suspend withdrawals from his hedge fund. The Times changed its tune over the weekend, reporting: You’ve gotta feel for him. John Devaney,...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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When the history of this era is written, perhaps more will come to light as to who exactly bought junk securities at inflated prices. Of course my theory holds that so called official buyers have played the major role in these activities and have long since abandoned the prudent man rule. In fact given...
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The stock market put on another spectacular fireworks display on Friday. Bears enjoyed the show. Bulls covered their eyes and ears, but refused to lower the lifeboats to board the women and children. As usual when the market breaks, the advice from most pundits was “not to panic” and “remain calm”. They equate selling...
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Stock market action last week illustrates that not only are a bunch of Wil E Coyotes hanging out to dry on the Minsky Moment, but other investors have had a hair trigger reaction to the sudden downward volatility. Frankly they just aren’t used to it after having been long conditioned by regular “in the...
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We came into yesterday with 15 shorts and one long on the Professional Edition chart pick list. When all was said and done, it was a pretty good day.
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Well Fargo just bags nonprime wholesale lending (that’s distinct from subprime and would include Alt A) and the pink slips fly. NEW YORK, July 26 (Reuters) - Wells Fargo & Co (WFC.N: Quote, Profile, Research) said on Thursday it will close its nonprime wholesale lending business, which processes and funds loans for third-party brokers, citing...
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Listen to a new podcast with Lee.
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A new podcast has been posted featuring Lee Wheeler talking about key levels in the market, sectors, and gold stocks. Listen here. And don’t forget to visit Radio Free Wall Street.
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With today’s deja vu of the Shanghai dump earlier this year, the FCS has issued a SELL signal for precious metals and the gold mining stocks.  This trade will register another small gain of 1.2% It appears nothing has really changed except that now there is a  slightly ascending trendline above most of the HUI...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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New Russ Winter, Aaron Krowne, Lee Adler podcast available. Some additional items related to this discussion: - Chrysler financing -Countrywide’s Mozilo cleans up regardless -The Global Boom Canard NEW DELHI: Following a huge rise in production, China’s stainless steel industry is facing a problem of plenty now. The glut has caused panic in China’s stainless steel market. A...
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Radio Free Wall Street 7/25/07, with Lee Adler, Russ Winter, and Aaron Krowne discussing developments in the financial markets this week. Listen to free preview. No subscription required. To subscribe, click here. Visit an archive of our past podcasts through July 12, 2007, as well as current free content. ...
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Radio Free Wall Street 7/25/07, with Lee Adler, Russ Winter, and Aaron Krowne discussing developments in the financial markets this week.  Listen to free preview. No subscription required. - 32 minutes. Subscribers only. Enter your login when prompted. Please wait for file to load. For faster startup we recommend the Firefox browser. ...
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New second quarter foreclosure numbers are in for California, and the chart tells the story. Foreclosures soared to 17,408 for the three months ended June 30, an increase of 799% from the same period last year. The current rate handily exceeds the previous foreclosure peak set in 1996, when the state was in the final...
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