Inflation is poised to become a serious threat to the world’s economic well being – and not enough people are talking about it. While Wall Street whines and whines about how the Fed is behind the curve, they need to…
The last two weeks, Barron’s economics columnist Gene Epstein has written an excellent two part case for gold: “Greenspan Was Right: The Case for Gold, Part I” (subscription required) “Restoring Balance: The Case for Gold, Part II” (subscription required) The key…
As we work through a pretty slow day as investors try to get their bearings after yesterdays huge selloff, here are some things I’m looking at and thinking about: A lot of stocks are cheap. We aren’t dealing with the…
The Wall Street Journal ran a front page article on the bull market in gold this morning: “Investors Rush To Gold” (subscription required), by ES Browning. In it, Browning reviews how many investors, both individual and institutional, have been buying gold…
“Expectations of further Fed cuts continue to support the precious metal, and traders feel bullion can break the $950 mark in coming weeks. Some even suggest that gold may jump as high as $1000 an ounce in a couple of…
“We’re in the midst of a dollar crisis here and the market is reflecting on the high cost of oil and the falling dollar and soaring gold prices. The good economic news is going to be overshadowed by the dollar crisis…
Gold blasted through $800/oz on Friday to close at $808.50 on the NYMEX. That’s the highest level since January 1980 and close to the all time closing high of $825.50 set on January 21, 1980. But don’t worry about inflation…
The stock market is certainly acting well. This morning KB Homes (KBH) announced another ugly quarter. New home sales were down 21% from last August and the median price was 7.5% lower. The S&P is up 6 points to 1531…
The gold market “is telling us that the Federal Reserve has no inflation fighting credibility.” – Ralph Preston, Account Executive, Heritage West Financial “Foreign investors would be foolish to buy US investments knowing that the value of the dollar will decline.”…
“The market is convinced that the dollar will go down after a Fed Funds interest rate cut.” “There is little doubt that gold is now here to stay above $700 and the market is reflecting it.” – Julian Phillips, Analyst,…