Gold and politics

Last week, we noted that gold’s price consolidation had completed a “pennant” formation. The formation extended into an even tighter consolidation last week, as gold closed at $1,962.10 per ounce (see the following chart). Since this pattern usually precedes a...

Market Update 9/21/20

The major stock market indexes were mixed last week, with some further consolidating gains seen this year. The NASDAQ 100 Index (the laggard for the week) was down 1.4%, the S&P 500 Index fell 0.6%, the Dow Jones Industrial Average lost 0.03%, and the Russell 2000...
“Tradition”? Not in asset allocation

“Tradition”? Not in asset allocation

“Fiddler on the Roof” is one of the most enduring musicals written. It first previewed here in Detroit in 1964, and I’m sure regional or touring companies will continue performing it in the future for many years to come. And, of course, the movie version is always...