Warning: Don’t Trust Goldman (Especially on Oil)

by | published May 18th, 2016

An open public market requires an even playing field. Some participants may have bigger computers, or a millisecond head start on data.

But at least all investors theoretically have access to the same information and analysis.

The idea is that each participant is able to balance risk and reward to suit their own tastes, using the same data.

Unless, that is, some players are allowed to put a thumb on one side of the scales for their own advantage…

On Monday of this week Goldman Sachs issued an interesting reversal of the firm’s normal bearish stance on oil prices. The investment bank released what most are calling a mildly bullish report on the price of crude.

Now, I normally ignore what Goldman is saying, and so should you. The reasons are simple: (1) their estimates are hardly objective; and (2) they usually miss the boat.

In this case, that’s more true than ever…

How You Can Protect Yourself from Coal Power’s Imminent Demise

by | published May 12th, 2016

Buried in a wave of reports published over the past several weeks is a startling fact that does not augur well for the struggling coal sector.

In fact, this is the most dramatic indication yet that coal is dying – even faster than expected.

Because of a relative newcomer to the U.S. electricity-production game (you already know "who" it is), prices for old stalwarts like coal and even nuclear power are being pushed down.

And if things don’t improve in the next 12-18 months, several additional coal and even nuclear power plants may face closure – and their shareholders will get burned.

Here’s what you need to know to protect yourself…