Guild’s Basic Needs Index

August 12, 2016

Market Summary The U.S. stock market is moving sideways and slowly upward.  World markets vary.  Our favorites — Brazil and India — are doing well, while some other countries stumble.  Gold and silver remain positive.  Use dips to add to positions.  The U.S. dollar is maintaining its sideways pattern, which

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August 5, 2016

Market Summary We remain bullish on gold and silver.  We remain bullish on Brazil bonds and Indian stocks for the long term.  We are aware that the Brazilian government is unhappy that their currency has risen so much, and they are trying to intervene to slow down the real’s appreciation. 

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July 29, 2016

Market Summary We are bullish on the U.S. market for the next few weeks, and suggest buying on dips in August.  Although the market is not cheap, the U.S. is a haven for money leaving Europe because of Brexit and other European problems.  We also remain bullish on Brazil and

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July 21, 2016

With Good Earnings Growth, U.S. Stocks Will Be In Demand Earnings season is getting underway, and is already producing positive results.  Good earnings will ensure that the psychology surrounding the U.S. market remains positive.  With earnings providing a positive backdrop, there is plenty of scope for other factors to continue

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July 14, 2016

Reaching the Top of the Wall of Worry Source:  Bloomberg   As we head into the June earnings season, the S&P 500 has finally rallied above the all-time high set in May of last year. In our letter on June 23, we examined whether U.S. stocks are expensive.  We concluded

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July 07, 2016

Market Summary The Brexit vote and the rise of anti-E.U. parties in Europe show that big changes are underway. Europe The coming changes will be more pronounced in Europe than in the U.K., although the U.K. will also suffer volatility and aftershocks as negotiations to start the withdrawal get underway. 

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June 30, 2016

Brexit — What Does It Mean?  The British electorate has chosen to leave the European Union.  This will not be instantaneous, but will take a few years to be completed. Some people view this as a political issue: Britain is tired of strange bureaucratic regulations from Brussels.  Others see it

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June 24, 2016

Gold, Oil, Stocks, and the Return of Stagflation:  Where to Find Profits in the Current Environment Late last year, markets had a pretty robust view of the path of U.S. interest rates in 2016.  Reality has intervened, as it has a habit of doing; global market volatility has seemed to

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June 24, 2016

Gold, oil, stocks, and the return of stagflation:  where to find profits in the current environment.  What investments have the potential to perform well under the economic and market conditions that are taking shape around us?  From many different angles, the concept of “secular stagnation” suggests that we are in

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June 16, 2016

Polls, Polls, Everywhere, and Not a Drop of Certainty Markets are possessed by Brexit fears.  The market selloff that began last week may have been prompted by dramatic poll data showing the “leave” vote pulling  ahead of support by Brits to remain in the European Union.  That’s prompting existential fears

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