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After a harrowing week for gold, gold prices still sit right at the edge of correction territory.
But a contrarian signal from the futures market may be even more telling – and could cause gold to explode higher in the weeks and months ahead.
Let's look at recent gold price action and then delve into this a bit further...
by Tim Melvin
Our Tim Melvin has gotten his perfect investing track record by learning a thing or two at the "Blackbeard the Pirate" School of Investing and differentiating between good and bad investment pirates.
Here's Tim on how to "pirate" ideas to your advantage...
There is no doubt every stock market rally needs leaders, and the current bull market has clearly been led by technology stocks.
Superstars like Amazon.com Inc. emerged to drive the rally higher, but together these stocks now account for the lion's share of the market's growth.
At least, that's what the public perception dictates…
Kim Kardashian may now have eyes on dominating Bitcoin and the cryptocurrency market.
In a post to her 114 million Instagram followers, the reality TV star shared a picture of a physical Bitcoin.
And because of her massive reach, it could bring more people into the crypto revolution...
by David Zeiler
For years, followers of cryptocurrency have awaited one major development that would boost prices to the heights they've long dreamed of – large institutional investors like pension funds investing in Bitcoin.
Together, the world's top 22 pension markets are worth a hefty $41.4 trillion. With all cryptocurrencies combined worth just over $300 billion, it's not hard to see how a small portion of that could move cryptocurrency prices substantially higher.
Despite this, pension funds have yet to climb aboard the crypto train.
This is the obstacle holding them back - and it won't be long before it's removed...
The Dow Jones today jumped 50 points on Monday morning as manufacturing giant Caterpillar Inc. reported stronger than expected earnings before the bell.
Shares of Caterpillar 3.5% after the firm hiked its quarterly outlook and said that tariffs would hit the firm's bottom line.
The solution to rising tariffs is to increase prices, the company said.
The firm increased its full-year profit outlook to a range of $11 to $12 per share.
by Tim Melvin
Hedge funds were supposed to be the ultimate "insider" investment vehicle. Managers would be able to do whatever they wanted – go long, go short, buy bonds, buy commodities, or do whatever they thought was necessary to earn high returns for their investors.
The idea was that hedge fund managers, given the latitude available to them, should be able to do well no matter what the stock market did in a given year.
It was investment nirvana, and tickets to the show were not cheap: Joining hedge fund royalty would cost you "two and twenty," which is to say 2% of assets and 20% of profits.
The first hedge fund was introduced back in 1949 by Alfred Winslow Jones. It performed very well; Jones was long stocks he liked and – as a hedge – short stocks he didn't.
The returns were solid, and it did, in fact, do pretty well no matter what the market did.
His success gained imitators, and the industry grew steadily throughout the 1950s and '60s.
But people will always be greedy, and greed will always make you stupid. That's what happened to hedge funds as the 1970s approached.
Some fund managers wanted to be the best, so they figured if they just bought the best stocks and left out the whole "hedging" idea, they would gain an edge over their competitors.
They did – until they didn't.
The bear market of the 1970s left the un-hedged hedge funds exposed, and the losses were enormous.
The hit was so punishing, in fact, that it left hedge funds out of favor until the 1990s.
One of our most reliable predictors of recessions is trending in a dangerous direction.
It's happening right now, even as you read this.
This indicator has signaled before each of the last seven recessions, going all the way back to 1969.
But you don't have to be blindsided by what's about to happen.
We know what this signal means, and we know how to prepare for it...
After soaring 240% since March 2009, the Dow Jones has eked out a measly 0.89% gain this year.
With stocks slowing and a trade war escalating, investors are rightly wondering if a stock market crash is coming.
Here are our two favorite strategies to protect your portfolio...
The U.S. Q2 GDP report came in at 4.1%.
The American economy is humming, and investors want to know where to put their money.
Here are three stocks to buy today...
