Saturday, November 1st, 2014

Features

My Latest Articles & Podcast

My Latest Articles & Podcast

Be sure to check out these links to find more of my latest article and audio podcasts. Article The Hidden Truth   Audio Podcasts Byron King Interview-July 7th 2011 Jon Hykawy Interview- June 21st 2011 David Morgan-April 2st 2011  Read More →


Wall St For Main St Radio: Interview with David Morgan

Wall St For Main St Radio: Interview with David Morgan

I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream... [Read more]


Wall St For Main St Radio: Technical Analysis w/ Mo Dawoud

Wall St For Main St Radio: Technical Analysis w/ Mo Dawoud

I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream... [Read more]


Economic Cartoon Of The Week (Week of February 13th 2011)

Economic Cartoon Of The Week (Week of February 13th 2011)

This is a great cartoon depicting “Quantitative Easing Two” aka money printing.  The American economy continue to get life support with a dose of cheap digital money. The $600 billion package  is suppose to revive the economy and help lower unemployment rate. Its not working so far. Actually, it is making the economy worse! The World Bank stated today that global food prices has hit... [Read more]


Wall St For Main St Radio: Interview with Jason Burack

Wall St For Main St Radio: Interview with Jason Burack

I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media. Listen... [Read more]


Guest Post: Gold’s Role in India Culture

Guest Post: Gold’s Role in India Culture

This article was written by our India Correspondent, Vaishali Kamath. Gold, after platinum, is the most preferred and precious metal of all throughout the world.  It has allured the people of all ages, even pre-historic people, by its inherent quality of attractive color, malleability and strength to tolerate weather change.  The metal has thus gained its universal acceptance and value. India is... [Read more]


Breaking Down The Chart: Gold and Silver (January 2011)

Breaking Down The Chart: Gold and Silver (January 2011)

Silver was parabolic in late 2010 by going from $18 per ounce to over $31 ounce by the end of the year. In a bull market, nothing goes up forever without a correction to digest all of the profit. If you look at the yearly chart, it shows the base that lasted almost three years before going up and so the parabolic move was warranted. After hitting a new high before the new year, silver is pulling... [Read more]


Podcast Interview with Jason Burack: PREDICTION FOR 2011

Podcast Interview with Jason Burack: PREDICTION FOR 2011

I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media.... [Read more]


Breaking Down The Chart: Gold & Silver (October 2010)

Breaking Down The Chart: Gold & Silver (October 2010)

It is time for another monthly update on the gold and silver chart. The precious metals market has been very interesting in the last month. Let us look at the gold chart. As I predicted in the August edition, I stated that the gold price will break out of the base in a couple of month! I was deadly accurate on the gold market. After the base went into the 10th month, the price climb above $1,300... [Read more]


Mini-Thoughts:  Main Street Investors Beware

Mini-Thoughts: Main Street Investors Beware

I’m sure everybody is a little anxious with the way the economy is behaving lately. A few  of you might be looking for some guidance from some well known financial expert on television, internet and newspaper about what to do next like Jim Cramer or the Fast Money talking heads on CNBC. You should practice some caution before buying into advice of some so called “expert” like Cramer.... [Read more]


Economic Cartoon Of The Week (Week of Sept 19th)

Economic Cartoon Of The Week (Week of Sept 19th)

Here is a great cartoon from a cartoonist named Carlson and to answer that question from the cartoon, people are not spending because they have no confident in the economy, their wealth is decreasing and many of them do not have a job. The whole purpose of the government bailout and the zero percent interest rate is to transfer the losses from the banks to Main Street and privatize the profits from... [Read more]


Breaking Down The Charts: Gold & Silver (September 2010)

Breaking Down The Charts: Gold & Silver (September 2010)

I’m back to do a quick technical analysis on the metal market. Here is the gold chart above. The price of gold is at all time high at $1,276 per ounce. Since Bernanke’s comment regarding using Quantitative Easing as a tool to stimulate the economy, the precious metal market has been in a uptrend. Also, the Japan government announced their  $81 billion stimulus package to prevent the... [Read more]


Guest Post: Drawbacks of Investing In Annuity

Guest Post: Drawbacks of Investing In Annuity

You make an initial deposit of cash in an annuity and reap a hefty amount of income. These financial investment plans are offered by the insurance companies. The retirees mostly invest in annuity as it offers a high level of security and tax deferred growth. But there is a flip side to this investment plan in order to know it you can read this article as it might prove to be beneficial. The disadvantages... [Read more]


Breaking Down The Chart: Crude Oil (September 2010)

Breaking Down The Chart: Crude Oil (September 2010)

Here is the chart for crude oil. There has not been much excitement for crude oil in 2010. The price has been consolidating since November 2009 like the other commodities, such as gold and silver. The demand for crude oil is low due to seasonal maintenance on oil refineries, so I expect oil to test the $70 support level if no other incident occurs that will spike the oil price. If you are a day trader,... [Read more]


Economic Cartoon Of The Week (Week of August 29th)

Economic Cartoon Of The Week (Week of August 29th)

Here is a great cartoon from a cartoonist with the St. Louis Post-Dispatch.  In the past week, the numbers from the faltering housing market was reported. The home sales of previously owned homes fell 27.2 percent in July. I’m not surprise with the numbers considering that unemployment is around 22 percent and many of them are collecting unemployment checks. The graph below, which is from the... [Read more]


Breaking Down The Chart: Dolla’ Dolla’ Bills (August 2010)

Breaking Down The Chart: Dolla’ Dolla’ Bills (August 2010)

Here’s the chart for the US Dollar Index. If you think the Dollar is bullish long term with the money printing the government has done lately, then you are fooling yourself (that goes to all of the deflationist out there). Actually, when I heard that Bernanke will use “a tool” that will save the economy, I was certain that we will have inflation. The tool he was referring to is... [Read more]


Breaking Down The Chart: Dr. Copper (August 2010)

Breaking Down The Chart: Dr. Copper (August 2010)

Here is the break down for Dr. Copper. The last time I analyzed the copper chart it was in a downtrend as shown above. It bottomed around $1.50 per pound then it increase to $3.50 before consolidating (moving sideways). I stated in my previous blog that copper could decouple from the economy and move up along with the other commodities. I was right! How did this happen? The countries in the Emerging... [Read more]


Economic Cartoon Of The Week (Week of August 15th)

Economic Cartoon Of The Week (Week of August 15th)

Here is a great cartoon from the Washington Post. One of the biggest failures with government policy for the past 10 years is the Energy policy. If the US government would think rationally, then they could realize that the energy industry can help recover the US economy. The Department of Energy is under heavy criticism for the number of malinvestment that occur in the past few years. They have put... [Read more]


Guest Post: 6 Important Things to Consider While Choosing a Forex Broker

Guest Post: 6 Important Things to Consider While Choosing a Forex Broker

Looking for a Forex broker is like finding needle in a hay stack. There are numerous companies in the market that are competing for your attention. These companies would try to tempt you with advertisement with a ray of hope that you would trust them to deposit their money with them. It is difficult to decipher between a real broker and a fraud. Therefore this article would help you to choose a Forex... [Read more]


Breaking Down The Charts: Gold and Silver (August 2010)

Breaking Down The Charts: Gold and Silver (August 2010)

Here’s the monthly gold Comex chart. In my previous technical analysis in June, I made a few comments on how gold was to break the $1,300 level and climb to $1,500. I still believe that will happen before the end of the year. Keep in mind that it is hard to interpret the charts when it is manipulated by the banks. However, those days will end since the financial reform bill included a limit... [Read more]


Economic Cartoon Of The Week (Week of August 1st)

Economic Cartoon Of The Week (Week of August 1st)

The fate of the US economy is literally in the hands of the Federal Reserve. This statement shows how powerful the Feds are in dictating the direction of the economy. They can print more money and pump the stock market again like in March 2009 when the market “bottom” and started a rally for over a year. Also, they can decide to let the market collapse if they do not want to continue... [Read more]


Emerging Market Wealth:The Truth About China (Part 2)

Emerging Market Wealth:The Truth About China (Part 2)

Disclaimer: The information I present to you should only be used as a guidance. It should not be used to make any investment decision of any kind and I strongly suggest that you practice due diligence before buying and selling your investment. I will not be held responsible for any mistake and wrongdoing on your part. In part 2 on China’s economy, I will discuss their energy plan for this... [Read more]


Economic Cartoon Of The Week (Week of July 18th)

Economic Cartoon Of The Week (Week of July 18th)

Here is a great cartoon from the Atlanta Journal. There is a tug of war going on with the market. For the past few month, the market has been going sideways with high volatility. In this past week, the Dow Jones fell over 200 points and two week ago, the market went up above 10,000. The market should break out from the consolidation and fall off the cliff (like the cartoon above) near the end of... [Read more]


Economic Cartoon Of The Week (Week of July 11th)

Economic Cartoon Of The Week (Week of July 11th)

Here’s a great cartoon from The Buffalo News. Recently, the job report was released for the month of June showing 125,000 job lost, 625,000 GAVE UP looking for a job. The private sector only created 83,000 new jobs. Also, most of the 125,000 people who lost their job in June were temporary Census workers. I stated in previous blog that once these workers are gone then I believe the economy... [Read more]


Economic Cartoon Of The Week (Week of June 27th)

Economic Cartoon Of The Week (Week of June 27th)

What will be the theme for 2010? If I had a chance to pick then I would have said,  “It is Deja Vu all over again”. Why would I say that? That is because all I see is more stimulus, bailout money, and lousy regulations flowing around Capitol Hill. The “representative of the people” (Congress) is discussing another $50 billion dollar stimulus package, more free funding for Freddie... [Read more]


Mr. Market Commentary: The 3 Industry Ripe For Put Option

Mr. Market Commentary: The 3 Industry Ripe For Put Option

Disclaimer: The information I present to you should only be used as a guidance. It should not be used to make any investment decision of any kind and I strongly suggest that you practice due diligence before buying and selling your investment. I will not be held responsible for any mistake and wrongdoing on your part. The general market looks to be hanging by a thread nowadays because of the slumping... [Read more]


Economic Cartoon Of The Week (Week of June 20th)

Economic Cartoon Of The Week (Week of June 20th)

Eventually, I would post a cartoon about the oil spill. Here’s a great cartoon from Houston Chronicle. The oil spill is the worst environmental disaster in modern history. There is about 120,000 barrel of oil flowing into the ocean a day and there is no end in sight because BP didn’t invest a little money to prepare for this type of disaster. They generate billions in profit per year... [Read more]


Breaking Down the Chart: Gold and Silver (June 17th)

Breaking Down the Chart: Gold and Silver (June 17th)

It is time for another monthly update on the gold and silver chart. Previously, I stated that gold broke the 1,227 resistance and it is now clear for an uptrend until it hit 1,500. Instead, the chart forms another resistance level at 1,250 per ounce. It made three attempt to break the resistance, but it could not close above the resistance level. I still believe gold will break this resistance... [Read more]


Economic Cartoon Of The Week (Week of June 13th)

Economic Cartoon Of The Week (Week of June 13th)

Here’s another great cartoon about our unstable US dollar. Recently, the US dollar bounced up from $71 to about $87 only because it needed a correction before heading south again. If you look at any charts on any stock, commodities, and indexes, you will see a pull up/pull back during a downtrend or uptrend depending what chart you’re looking at.  Also, people are dumping the Euros for... [Read more]


Economic Cartoon Of The Week (Week of June 6th)

Economic Cartoon Of The Week (Week of June 6th)

This great cartoon is from the Chattanooga Times. The cartoon clearly explain what happen when you try to artificially boost the economy with cheap dollars. Basically, you put the entire economy on life support. I have stated this many times in my blog. The bailout and stimulus packages only serves to work in the short run and it does not heal the economy in the long run. If you look at the stock... [Read more]


Breaking Down The Chart: Dr. Copper (June 3rd)

Breaking Down The Chart: Dr. Copper (June 3rd)

Here is the chart for Copper, which as commonly called “Dr. Copper” because it is the only metal with a Ph. D in economics. The metal can accurately predict the outlook of the economy, therefore you should keep an eye on the chart regularly. The reason is that copper is the most used metal in the global economy. It is good a good conductor for electricity,  heat and it can be found... [Read more]


Mini-Thoughts: The Nobel Prize Idiot

Mini-Thoughts: The Nobel Prize Idiot

Today, I went through Yahoo! Finance news and I found an article by Tech Ticker discussing Nobel Prize winner, Paul Krugman, editorial column in The New York Times. After reading the column, I am wondering why he won the Nobel Prize since he’s an idiot. First, he stated that government should go on a spending spree during tough time to “prop up” the economy and prevent a depression.... [Read more]


Economic Cartoon Of The Week (Week of May 30th)

Economic Cartoon Of The Week (Week of May 30th)

This is not actually a cartoon, but a real picture from the country of Zimbabwe. In 2008, the Zimbabwean dollar went through the second worse case of hyperinflation in history. The highest monthly inflation rate was 79,600,000,000% in November 2008. The worse case of hyperinflation belongs to Hungary in June 1946 with 13,000,000,000,000,000% monthly inflation rate! The Zim Dollars became so worthless... [Read more]


Breaking Down The Chart: Dow Jones (May 26)

Breaking Down The Chart: Dow Jones (May 26)

The ride is over for the Dow Jones Industrial. The general market is due for a downtrend. This type of uptrend is not sustainable for the long term since it is stimulated with bailout money and the $700 billion stimulus package. For the beginner investors reading this blog, all you need to observe is the support level with the 50 day moving average (red line). This red line calculates the closing... [Read more]


Economic Cartoon Of The Week (Week of May 23rd)

Economic Cartoon Of The Week (Week of May 23rd)

Another cartoon relating to Monopoly! It is funny how the current state of the economy can be tied to the board game. If you think about it, the US economy IS the Monopoly board game. Most of the banks owns the houses and hotels (commercial property) and we (the middle class) have our money going back to these bankers with mortgages and loans. It is safe to say that most people are a slave to the... [Read more]


Breaking Down The Chart: Silver (May 19th)

Breaking Down The Chart: Silver (May 19th)

Here’s the chart for the poor man’s gold, which is silver. I’m sure all the silver investors are disgusted on how the price of silver is reacting this week. It was at 19.80 last week and it was only 20 cents away from breaking the second hurdle at 20 dollars. When this week started, Hell broke loose and silver went down to 18.09. After analyzing the silver chart, it looks out... [Read more]


Economic Cartoon Of The Week (Week of May 16th)

Economic Cartoon Of The Week (Week of May 16th)

If you want to compare the US dollar to another paper currency, then the Monopoly money is a great comparison. This is how worthless the US dollar nowadays. The Federal reserve treat our currency like a board game. When the economy is in trouble, the Feds simply use the printing press to expand the money supply. I don’t think they care the long term consequences of their actions. They are... [Read more]


Breaking Down The Chart: Gold (May 12)

Breaking Down The Chart: Gold (May 12)

Here’s the chart for the Gold Comex. If you remember from my last post regarding the Gold chart, I thought that gold would consolidate until late 2010 to early 2011 and start a new uptrend. Well…. I was wrong! Recently, Gold broke the 1,227 resistance and it is now heading toward 1,300. This breakout was stimulated by the announcement of the $1 trillion bailout for the Euro countries.... [Read more]


Economic Cartoon Of The Week (Week of May 9th)

Economic Cartoon Of The Week (Week of May 9th)

Does anybody want to take a guess on who is helping the International Monetary Fund (IMF) pay for Greece debt problem? It’s YOU! That’s right..the US taxpayers. The IMF is contributing $30 million dollars to the Greek bailout loan. The Federal Reserve supplies 20 percent of the IMF funding. This indicates that the US taxpayers are paying $6 billion towards the bailout loans for Greece.... [Read more]


Mini-Thoughts: Why Lakshman Achuthan Is Wrong.

Mini-Thoughts: Why Lakshman Achuthan Is Wrong.

Today, I went to Yahoo! Finance and I watched a short video from Tech Ticker (above). Laksham Achuthan, a director from Economic Cycle Research Institute (ECRI) was doing an interview regarding consumer spending. He stated that this economy will NOT have another recession because consumer spending have increases in the past few month. He’s right regarding that the economy will not go through... [Read more]


Breaking Down The Chart: Crude Oil

Breaking Down The Chart: Crude Oil

Here’s the chart for Crude Oil. Recently, oil price broke the first resistance at $86 per barrel with heavy volume.  This is the third time that oil broke this resistance, but the price retreated below the resistance in the previous attempt. The second resistance at $87 per barrel. In 2010, oil has not break the 87 mark. If it can break the 87 resistance with high volume, then I can see oil... [Read more]


Economic Cartoon Of The Week (Week Of May 2nd)

Economic Cartoon Of The Week (Week Of May 2nd)

I found this cartoon on Ed Steer’s web site. Goldman Sach is feeling the heat from the American regarding their recent fraud case. The SEC accused them of betting against one of their client on the housing bubble. The top executives for Goldman Sach are laying out the same excuses as the executives for Enron. “We didn’t know about this” or “We didn’t do anything... [Read more]


Mr. Market Commentary: 3 Reasons Why To Abolish The Federal Reserve

Mr. Market Commentary: 3 Reasons Why To Abolish The Federal Reserve

After debating with a few people about the history and role of the Federal Reserve and their relationship with the US government, I felt a need to write a blog about the Federal Reserve and how they impact the lives on Main Street. Many people believe the Federal Reserve is our friend. Well, I regret to inform you that they are not our friend. They were created to look out for Wall Street and the bankers.... [Read more]


Breaking Down The Chart: Natural Gas

Breaking Down The Chart: Natural Gas

Here’s the chart for Natural Gas. The price created a two year base from 2006 to 2008 before making a fast climb to above $13. Also, it failed to break resistance at about $13.80 two times before declining rapidly when the market crashed. It tried to make another uptrend when the RSI hit bottom in mid 2009 but failed. Therefore, it was a false start of another uptrend. The MACD has been moving... [Read more]


Economic Cartoon Of The Week (Week Of April 25)

Economic Cartoon Of The Week (Week Of April 25)

One of things that is hurting the economy is the lack of access to credit for small business owners. I know some owners with great credit rating but they are still having a hard time getting a loan from the bank.  The banks are still afraid to lend money because of a few reasons. First, they are still fragile even with the bailout money. Some banks are reporting profit in the first quarter of the... [Read more]


Breaking Down The Chart: Silver

Breaking Down The Chart: Silver

I DO NOT RECOMMEND you invest for the long term in SLV since it is manipulated by the banks, but you can use this ETF as a trading vehicle for your portfolio. For the short term, I would not be surprise if the price of silver decreases. The MACD and RSI confirms a pullback  as well. The RSI was in the over brought territory three times before dropping nearly to 17.50 last Friday. The... [Read more]


Breaking Down The Chart: Gold

Breaking Down The Chart: Gold

Here’s the chart for the Gold Comex. You can see three important consolidation base on this chart. The first base start in 2006 and ended in 2008 when the market crashed and many investors moved their money into gold. A base is important because it creates technical strength for any stock and commodity. The second base was from 2008 to mid 2009. It created a base pattern called a head... [Read more]


Mini-Thoughts: The Only Financial Reform We Need

Mini-Thoughts: The Only Financial Reform We Need

What’s happening on Capitol Hills right now is financial reform. This means more regulations and more barriers to entry for financial firms. This bill will not help the free market economy because firms will now leave the country and go to another country with less regulation because at some point the regulations will interfere with their daily operation. They will take all the jobs with them... [Read more]


Emerging Market Wealth Report: China Next Move

Emerging Market Wealth Report: China Next Move

Everyday the US dollar is losing value due to the US government spending spree. The US debt is close to 13 trillion dollars and counting because of Health Care Reform, the wars, the unemployment benefits, and the bank bailouts. One of the consequences of their fiscal and monetary irresponsibility is  losing their claim as the reserve currency. The fundamentals of the economy is not good enough anymore... [Read more]


Economic Cartoon Of The Week (Week of April 18)

Economic Cartoon Of The Week (Week of April 18)

The bank bailout and stimulus plan may have prevented another Great Depression in the United States, BUT they only delayed the inevitable. The inevitable is THE GREATER DEPRESSION (but I hope I’m wrong). The US government rewarded the Wall Street for their bad behavior and punish the innocent Main Street citizens with higher taxes and unemployment. If the US government didn’t intervene... [Read more]