Weekend Edition

In Thursday's Growth Stock Wire, Jeff Clark predicted higher prices at the gas pump:

 

Last week's gasoline inventory report showed a surprising drop of 5.2 million barrels versus expectations for an increase of 1.6 million barrels. The price of unleaded gas jumped 10% higher on the news.

 

Yesterday, the gasoline report came in line with expectations for a 2.3 million barrel drawdown. The price of gas rose again...

 

The price of unleaded gasoline is approaching the upper end of a five-month trading range. If gas can break above resistance at about $2.10, the pattern suggests a move as high as $2.55.

 

While the upswing in gasoline prices will mean big profits for the refining industry, it will undoubtedly hurt the wallet of an already struggling economy.

 

But don't worry, Doc Eifrig is on the case...

 

Last month, I drove to Baltimore from Florida and saved about $12 on my fuel (roughly 6% of my costs) using the website www.gasbuddy.com. The site lets you find the lowest gas prices along your route.

 

Here's what I did. I clicked on "Trip Cost Calculator" (near the top in the middle) and put in the make and model of the car and even how much fuel was in my tank when I started out. The site calculates where to fill up to maximize your gas savings.

 

Be sure to try it this holiday season... You'll easily save yourself at least a few dollars. By the way, I also use it around town. My actual savings this year is more than $120.

 

If you're looking for more tips on saving money and living well, check out Doc's Retirement Millionaire. His latest issue just came out last night. In it, he tells readers about the easiest exercise you'll ever do, how to rent out your real estate tax-free, and many other tips to improve your lifestyle. To access this issue – and learn how to save as much as 80% on almost everything you buy – click here.

 

Once again... we agree with Jim Rogers – except we're willing to be early:

 

The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short bonds right now because the government keeps driving them up – I don't know how long they're going to do it – but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing...

 

So what's the best way to protect yourself from our government? Buy gold, of course.

 

When asked if the dollar will lose its status as the world's reserve currency at The Economist Buttonwood conference in New York this week, hedge-fund manager George Soros paraphrased Winston Churchill, saying, "The dollar is the worst currency except for all the alternatives."

 

He also noted, "There is a general flight from currencies." The world is finally waking up to the fact that the dollar is doomed... And a "flight from currencies" means money should be – and is – flowing into the world's best currency, one that is nobody's liability... gold.

 

A very old friend of mine likes to say: Too soon old; too late wise. It is very difficult to acquire investment wisdom, and by the time you've lived long enough to acquire some of it, it's usually too late.

 

Chris Weber is one of the wisest people I've ever met. In his last issue, he wrote something I found particularly profound. If you've been around the block a few times, I think you'll recognize how true this really is:

 

The lesson of travel and studying history is to never expect things to go on as they have been in the past. Never get complacent. Always expect change. And more important, prepare for it. There is an investment lesson in this too. The only thing you can count on is that things will change. The asset classes that people valued in one generation will be laughed at the next. And the opposite is equally true.

 

Chris Weber has never been wrong about a major market call. In the business of financial forecasting, Chris Weber is without peer. And he has been doing it for almost 40 years. If you'd like to learn more about Weber's Global Opportunities Report, click here.

 

Regards,

 

S&A Research

• Why I'd Get Booed at a Value Investing Conference
  By Dr. George Huang Friday, October 23, 2009
  
• One of the Only Value Plays Left
  By Jeff Clark Thursday, October 22, 2009
  
• The Commodity Investor Q&A
  By Matt Badiali Wednesday, October 21, 2009
  
• What I'm Watching This Morning Could Hold the Key
  By Jeff Clark Tuesday, October 20, 2009
  
• This Choice Will Either Ruin You or Save You a Fortune
  By Brian Hunt Monday, October 19, 2009