Cramer Predicts Commodities To Drop: Bullish Signal
Cramer predicted a worst-case scenario for these names: They could lose all the gains they’ve seen since April 2005. That means Vale [RIO 20.96] drops 68%; U.S. Steel [X 93.69] 50%; fertilizer stocks like Potash [POT 140.26], Mosaic [MOS 77.01] and Agrium [AGU 66.65] could fall 80% to 90%. But this is only if you [...]
Double Bottom With Stronger RSI Is Time To Buy
Buying gold at 800$ is always a reasonable bet considering it should have been 1000 by now if not for all the manipulation that goes along in the financial markets. Gold has shred off a lot of points in last few weeks. I considered buying gold miner KGC when it dropped 35% last month. Kinross [...]
All Signs Point To A Recession
The index of leading economic indicators fell for the third time in four months in November, signaling an increasing risk of a U.S. recession. The deepest housing slump in 16 years is likely to worsen as foreclosures mount and banks restrict lending, economists said. Declining property values and rising energy costs may also hurt consumer [...]