Current Issue - February 2015

As you might expect in the winter stages of the business cycle, it is the tortured, needy investor who is bubbling to the surface with cries of "being left behind." But as Gloom, Boom & Doom recently noted, "Diversification sometimes comes at the price of an underperformance of the best-performing asset classes." In my five decades of investing, I have never sought out the best-performing asset classes. Instead, I have concentrated on dividends and interest, which often come from wildly out-of-favor, rather than hot, market sectors.

At present, I am keenly interested in the energy and precious metals sectors, which I will detail in this month's issue. You can prepare for the next commodity cycle in a longtime favorite resource and commodities mutual fund and one of my four new equity recommendations. I do not know when or where the bottom will be, but I am comfortable that cost of production in both the energy and precious metals sectors allows for much more upside than downside from this point forward. Unlike stocks, real asset prices do not sink to zero. In the meantime, I think a policy of PPPP (Preserve and Protect via Perspective and Patience) will keep you and your family on a proper track. And lastly, I'm cutting loose a name from the Mutual Funds Master List that gained nearly 20% in 2014. You can use it as a source of cash to buy new positions, or to fund distributions. More >>

Economic Analysis - February 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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The Cure for Oil Prices

January 27, 2015 There is a popular axiom in commodity markets that says the cure for high prices is high prices. The opposite is also true, and more relevant today. The cure for low commodity prices is low prices. In the oil market, low prices are already beginning to cure low prices. How? Drilling activity is plummeting as […] More »