Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

Weekly Bear: As We Suspected – Gold’s Headed Up

Earlier this week I reported that the HUI gold stock index was at a critical juncture. Some signs pointed to a breakdown below support at 167. But at the same time if that support level held, it set up a potential intermediate term bottom.

I wrote:

What if that trendline at 167-68 holds? It looks as though HUI is coming into a 6 month and 15-18 month cycle low. A rebound that clears the blue 6 month cycle line at roughly 175 this week would signal at least a good sized intermediate term rebound. It’s too early to tell if this would lead to a major cycle upturn, but tall oaks from little acorns grow. Every big cycle upturn starts with a short term rally. So I would be taking long positions should HUI clear 175 this week or next.

Well, HUI has cleared 175 as of Friday morning. Gold found support at the critical 1308 level and is now racing across its trading range

The post Weekly Bear: As We Suspected – Gold’s Headed Up appeared first on Lee Adler’s Sure Money.

Daily Swing Trades List for Friday March 23

I have made no additions to the list for Friday. I’ll ride out the month with the current picks, less any that are closed out. After closed trades, there will now be 1 long and 17 shorts. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well…

Your Most Pressing “Super Crash” Questions Answered…

As you know, the Fed is actively pulling money out of the markets – the balloon has been officially pricked, and we are now beginning to witness the long slow unwind of an incipient bear market. I’ve been saying since last year that now is the time to withdraw from the markets and raise 60-70% cash (more or less depending on your circumstances) if you haven’t done so already.

We’ve been getting some very interesting comments lately (if there’s one subject that interests people as much as gold, it’s the End of the World As We Know It)… so I’d like to wind up our latest round of reader Q&A with some of your best crash-related thoughts. Read on to see yourself in print!

The post Your Most Pressing “Super Crash” Questions Answered… appeared first on Lee Adler’s Sure Money.

Your Most Pressing “Super Crash” Questions Answered…

As you know, the Fed is actively pulling money out of the markets – the balloon has been officially pricked, and we are now beginning to witness the long slow unwind of an incipient bear market. I’ve been saying since last year that now is the time to withdraw from the markets and raise 60-70% cash (more or less depending on your circumstances) if you haven’t done so already.

We’ve been getting some very interesting comments lately (if there’s one subject that interests people as much as gold, it’s the End of the World As We Know It)… so I’d like to wind up our latest round of reader Q&A with some of your best crash-related thoughts. Read on to see yourself in print!

The post Your Most Pressing “Super Crash” Questions Answered… appeared first on Lee Adler’s Sure Money.

Your Most Pressing “Super Crash” Questions Answered…

As you know, the Fed is actively pulling money out of the markets – the balloon has been officially pricked, and we are now beginning to witness the long slow unwind of an incipient bear market. I’ve been saying since last year that now is the time to withdraw from the markets and raise 60-70% cash (more or less depending on your circumstances) if you haven’t done so already.

We’ve been getting some very interesting comments lately (if there’s one subject that interests people as much as gold, it’s the End of the World As We Know It)… so I’d like to wind up our latest round of reader Q&A with some of your best crash-related thoughts. Read on to see yourself in print!

The post Your Most Pressing “Super Crash” Questions Answered… appeared first on Lee Adler’s Sure Money.