When most of Wall Street expected the Fed would taper
its asset purchases starting in September Jim Grant predicted it would
not, and he was right on the money. The editor of Grant's Interest Rate Observer
is a student of the Fed who closely follows global interest rates and
financial markets, but he's not a fan of the U.S. central bank, or any
other major central banks for that matter. And that's why he's bullish
on gold.
"The world ought to have much
less faith in central banks, and as that reasoned distrust of a broken
model grows, the gold price, I think, will appreciate," Grant tells The
Daily Ticker. "Gold is cheap at this price." (more)
Over the last year VRSN has experienced some wild rides, both lower
in October-November, and higher ever since then. During that time, the
stock formed a solid resistance at $50 (red). That resistance was a
52-week high breakout when the stock moved it in mid-September and now
it should act as support if the stock were to pull back down to it. In
addition, the stock has also been climbing a trendline of support (blue)
since June.
Despite
its position as a "cult" stock - capable of enduring anything
(according to Cramer) - the holy grail of momentum stocks is under
massive pressure today. Down 9% as we write, Tesla seems to be at the
center of a quadruple whammy of 
