Another False Bottom for Gold Stocks?

Yes folks, those waiting for gold mining stocks to finally hit bottom are beginning to have something to cheer about. On Friday May 1, with gold prices down for the day, the Market Vectors Gold Miners ETF closed 16 cents higher at $20.27. Although volume was unimpressive, it may be a sign of a long-anticipated gold miners rally.

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Many Media Myths on the Price of Oil

Is the blue flame of natural gas prices outshining the myths about the price of oil? Natural gas prices are very low and may be going down a little further. It's one of the reasons many analysts are touting Devon Energy (symbol DVN) as a preferred, low-cost way to take advantage of energy prices today. But I digress.

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These Signs Point to an Airline Industry Secular Bull Market

Early last week I was in Melbourne, Austrailia, attending a conference for chief executives from all over the world. While there, I spoke with many of my peers about the airline industry, which is currently in a­ three-year bull run as measured by the S&P 500 Airlines Index.

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Wall Street Still Making Energy Loans

Today Whiting Petroleum (symbol WLL) stock fell nearly 20% after it announced that it sold 35 million shares at $30 each and sold $1.75 billion worth of bonds. The debt will be used to refinance borrowings used to fund the acquisition of Kodiak Oil & Gas.

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Tesla: Bonfire of the Money Printers’ Vanities

David Stockman needs no introduction, but I’ll give him one anyway. He’s a former US Congressman who, upon assuming responsibility as Ronald Reagan’s budget director in 1981, became the youngest presidential cabinet member of the 20th century.

Following a 20-year career on Wall Street, David is now an outspoken critic of government stupidity. He argues on behalf of outdated notions like a balanced budget, free markets, and for the government to just plain leave us alone.

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