Financial Sense Blog

History will remember this day. Whether or not the equity market cracks tomorrow or the next day or in a few weeks time, today is the day that it gave off a critically important signal.

What else has averaged "gains" of 16.4% over the past 10 years?

Moving averages are one of the most widely followed indicator in technical analysis. Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support -- a level where buyers reside.

The world faces challenges and uncertainty these days like perhaps never before in modern history. Broken insolvent banking systems match the insolvent homeowners living in despair but with newfound hope from simply not paying home mortgages in large numbers.

Watching the happenings surrounding the Deep Horizon disaster I cannot find better words to describe what is going on here.Last week we witnessed several very oddhearings on Capital Hill, A White House address from the oval office, 20 billiondollars handed over to the administration, and a commission named without anyexpertise.We have a moratorium in placethat a Louisiana federal judge has deemed over reaching and inappropriate.

Two things happen to cash savers (meaning pretty much everyone) when real interest rates get stuck below zero...

The stock market for the past year has been supported by numerous economic and financial tailwinds that have helped propel it to retrace a significant portion of the 2007-2009 decline, roughly a 61.8% Fibonacci retracement for the S&P 500. That said many of the prior tailwinds have become headwinds leading to a deceleration in stock prices.

When President Obama declared that the construction of the first nuclear power plant in almost three decades was “only the beginning”, I hope you took notice. Normally, we could just dismiss such a statement as cheap political talk, however, in this case it turns out to be backed up by $8 billion in government funding. And according to Obama’s budget proposal, this really is just the beginning.

Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that decides what exactly is expected...

My first reaction when I read an article on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, Bock is in lofty company. Many respected individuals, such as David Rosenberg, Peter Schiff, Harry Schultz, Rob McEwen and many others, have come to the same conclusion. Below is a partial list of such individuals with sound reasons to substantiate their views.