Barrick Gold (ABX)

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Are Markets, Speculative Stocks Headed Much Higher?

With the recent volatility in world markets and currencies, market commentators and mainstream media outlets have become bearish on oil, gold and even the broad markets (think magazine covers screaming 'this is the end!').  The investor herd is running scared, as evidenced by $2.8 billion in outflows from U.S.-based domestic-focused stock funds two weeks ago according to Lipper data. CNBC talking-head Dennis Gartman weighed in, calling for a US bear market to begin.  Another commentator slagged gold, the 5000 year old metal of kings, as a mere “pet rock.”  And Mad Money’s Jim Cramer recently swore off oil stocks.  We see this outcry of capitulation as a perfect contrarian signal that is putting a profit opportunity of impressive size before investors.

From Goldman to Gold Man, it pays to be Thornton

As a former director, president and co-CEO of Goldman Sachs (GS*US), John Thornton had presumably developed a thick skin as well as a large wallet.

The uber-profitable U.S. investment bank - famously described as a "great vampire squid wrapped around the face of humanity" by Rolling Stone writer Matt Taibbi - has been a favourite target of critics on Wall Street and beyond even before the financial crisis shook the foundations of U.S. finance. (Thornton retired from Goldman in 2003.)

Are quietly climbing microcaps and commodities foretelling a return to risk and speculation?

We are pleased to celebrate the re-launch of Canadian Insider by sharing some thoughts on the market. 

We begin with a particularly noteworthy chart. The iShares Russell Microcap Index Fund (IWC*US) is a chart I have been following closely. It may surprise people that this fund which holds small cap companies in diverse sectors, has been outperforming the US and Canadian market for about a year and has in the past few sessions, broken out to a multi-year high - importantly, with very little attention from the financial media.

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