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We've had some big winning Wall Street stock picks lately. Our recommendation from last week is already up over 20% and it still has much more room to run. One subscriber to my free weekly stock picks newsletter sent me a neat note over the weekend. Doug Allen wrote, "I have to congratulate you guys.

We've had some big winning Wall Street investor picks lately. Our recommendation from last week is already up over 20% and it still has much more room to run. One subscriber to my free weekly stock picks newsletter sent me a neat note over the weekend. Doug Allen wrote, "I have to congratulate you guys.

We've had some big winning Wall Street stock picks lately. Our recommendation from last week is already up over 20% and it still has much more room to run. One subscriber to my free weekly stock picks newsletter sent me a neat note over the weekend. Doug Allen wrote, "I have to congratulate you guys.

This past weekend we upgraded the software that generates the web pages for this website. Over the past few days I've been working on a new layout for the site. It cuts the right sidebar by half to give more space to the content on the site and rearranges the front page a bit. I hope to have it online by tonight.

Yesterday the XAU dropped 2.06 points while the HUI fell 5.75. Both fell much harder than gold on a percentage basis. We've seen a huge rally in gold stocks in the past few weeks - one that on a long-term chart appears to be a key turning point as the gold market appears to have ended its lengthy seventeen month long period of consolidation and is beginning a new bull run. However, at the moment it is setup for a period of consolidation for the next 2-3 weeks before it moves higher. I'm going to be looking to add on to my gold position during this time frame. If past history holds than the 153-156 area will be key support for the XAU.

Dave Skarica and I published a podcast yesterday on the close. You can listen to it by clicking here. In the podcast we discuss his latest issue of Addicted to Profits and the next big buy point in the market. To subscribe to Dave's Addicted to Profits go to this link.

Today's morning commentary is reserved for WSW Power Investor subscribers only. After the close we will produce a special podcast about today's market action. It will be posted right here tomorrow morning, but you can receive it today after the close by susbcribing to this podcast through Itunes, Yahoo, Google, or your favorite rss feed reader. Click here.

Yesterday the DOW rallied almost 300 points to take back Friday's losses. The Fed meets today at 2:15 PM and it seems a lot of people are betting on some sort of relief from the Fed. If not lower rates then a statement telling the market they are on guard.

Is the subprime mortgage market collapsing before our eyes, or did we avoid a disaster as Bear Stearns stepped up to the plate with $3.2 billion to help its ailing funds? As we will see from the data, the problems in the subprime world are not over. The Fat Lady has not sung. But will the problems in this market contaminate the rest of the liquidity-driven markets? Is the party over? Not according to the high-yield markets. In this week's letter, we look at what could be the real problem in the next half of the year.