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Gold, silver, and the other precious metals are getting slaughtered today – with gold down a whopping $44 as I type this! There’s a lot of pain on this heat map: Nowhere to run to, baby…nowhere to hide. (Source: BarChart.com) I almost forgot that gold can also go down. Perhaps a clue that we were […]
Quietly, Chinese stocks continue to slide, now down 12% for the year to date. Since China had announced its plans to target inflation, the Shanghai Index has taken it on the chin: Chinese stocks quickly retraced a portion of their 2008 losses – and then slowly faded. (Source: StockCharts.com) Regular readers know that we like […]
As the dollar begins to look a little frisky, gold is once again turning its anger on other fiat currencies, with the euro directly in the barbaric relic’s line of sight. Quietly, gold hit a new all-time high against the euro last week: Can you spot the trend? (Source: StockCharts.com) Hat tip to Daily Wealth’s […]
Repeat after me: “They are still all the same markets!” There’s the US Dollar – and then there’s everything else. And the dollar, just days after QE2 was announced, turned up in sharp fashion. Some final nail in the coffin that was! It appears this is STILL the only chart we need to watch. (Source: […]
I admit it, I’ve been wrong about gold. I thought it was topping past $1,000 – then at $1,100 – and so on. Now that gold has cleared the $1,400 mark, I’ve finally come to the conclusion that gold is probably heading quite a bit higher before the gold bull market ends. (I know, I […]
Here’s a recent excerpt from Richard Russell’s Dow Theory Letters (courtesy of Financial Sense): The gold bull market will not end with a fizzle and a whimper. It will end with intense speculation and widespread interest from the funds and the public. We haven’t seen that kind of activity yet, but I’m convinced that a […]
Mr. T lays out a beautiful case for the barbaric relic on Bloomberg TV… At first blush, this would appear to be a classic contrarian market indicator. But actually Mr. T is not pitching to sell you gold, but rather buy your gold in exchange for – wait for it – cash. You know, the […]
A BIG hat tip to our astute friend and correspondent Dr. Evil for passing along this gem from Howard Buffett, written in 1948, about the dangers of fiat money, and the connection between human freedom and a gold redeemable currency: Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it […]
Another nice job by our buddy David Galland in this guest piece, as he takes a look at the relationship between huge (unpayable?) debt levels and interest rates, gold, and inflation. Of the many good points that David makes, the one that really got me thinking is the behavior of gold in a low interest […]
If you hold gold in your portfolio – be it as an insurance policy, a hedge against inflation, or a speculation – you’re probably always considering the risk of the government cracking down on gold ownership. And if you’re not worried – you probably should be! Not to sound the alarms too loudly, but it’s […]
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