Current Issue - December 2015

Decades ago, I wrote the following paragraph in a February issue of Intelligence Report: 'What you read each month is the basis for my own family's investments. I invest along with you. You'll find your comfort level increasing issue after issue. I don't jump around. Instead, I blend common themes and repetitive benchmarks to give you an ongoing investment package.' Every word is as true today as it was the day it was written. If you have been with me over the decades, you know that my primary concern is your comfort and security in your retirement years, whether today or in the future.

Today, valuations for equities are sky high, and the Fed is about to embark on a policy that is likely to crimp corporate profits. The winter stage of the upside economic and monetary cycle is here, to be followed by a period of discomfort in the economy and the financial markets. Hoping that stocks will avoid another nasty bear market is not a strategy. Savvy investors worry first about risk and only then consider potential return. This month, I'll tell you about a gold miners ETF that actually rose by 40% during the dotcom bust, and fell much less than the market in the '08-'09 bear market. I also have some changes to the Common Stock Monster Master List this month. I'm dropping three names, including two acquisition targets, and adding a powerhouse that has increased its dividend for 50 consecutive years. More >>

Economic Analysis - December 2015

Each month, I provide you with an Economic Analysis supplement to the issue. This supplement provides you with a bird's eye view of the indicators that I monitor on a regular basis. The incisive, story-telling charts included in this supplement are updated every month and range from "The Leaders" to "World Currency Reserves/World Gold Reserves." There will always be great new material as well as timely reference dates, and my comments spell out the meaning of each chart for you. Download in pdf format.

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How Low Can Copper Prices Fall?

November 27, 2015 Prices for copper have fallen to levels not seen since April of 2009. Weakness in copper is a bad sign for the economy, as it is a vital ingredient in so many different areas of industry. Analysts call the metal “Dr. Copper” because, as the saying goes, it has a Ph.D. in economics. Movements in […] More »