Nov
30
2009

The One Thing Bernanke Is Really Afraid Of

In this article I break down what Bernanke is saying and relate his cry for the Federal Reserve to remain independent (no audit) to the reality of what the Fed has actually done to cause the crisis to begin with as well as what their existence means to the odds of any economic recovery occurring in the future.

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Nov
25
2009

CFA Calls Gold a "Lousy Investment" – Sorry, Gold Is Insurance Against a Declining Dollar

However, just today, the dollar index hit a 15 month low and is moving closer to the 72 mark and gold hit a high of $1,186. The action in the price of gold to new highs seems to be predicting a fall below 72. Will the March 2008 mark be taken out? No mention of this dynamic by the CFA.

As I pointed out in my reply to the CFA’s article, the only thing that is highly speculative is blind faith in an asset that has 38 years of existence without gold backing. That being the U.S. dollar.

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Nov
19
2009

How to Sell Gold and Other Precious Metals Tax Free UPDATED 10/1/2010

How Can One Sell Gold Without Paying the 28% Tax on Capital Gains?

I give details on “how” to do it in my book “Buy Gold Safely,” but I’ll let you know the “what” in this article.

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Nov
18
2009

Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon

But now that everyone is talking about the dollar weakness again, as well as gold breaking to new highs, Geithner is stuck between the proverbial rock and a hard place. If he takes the strong dollar stance, it could kill the stock market rally, especially if the Fed increased interest rates. If he lets the dollar fall too much, there could be a rush for the exit with Japan and China leading the way. There is a reason why Obama chose this time to take his trip to China. The U.S. needs to maintain the U.S. Dollar’s world reserve currency status. It cannot afford to become a second rate nation. Something has to be done.

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Nov
6
2009

Gold and the Carry Trade: Rogers vs. Roubini, Who’s Right?

So why does Roubini hate gold? Because he’s a Keynesian Government loving professor at NYU and former advisor to the U.S. Treausry Department. Show me a professor at a University that likes gold, outside of the Austrians, and I’ll listen to what they have to say. Otherwise, remember where the professors bread is buttered.

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Nov
4
2009

The Gold Price and the Problem With Elliott Wave Theory

But the Elliott Wave folks miss one thing when they do their prognosticating, and that is “the unexpected.” In a perfect world with no outside influence, the ABCD patterns of Elliott Wave Theory seem to fall in place naturally. But Elliott Wave Theory doesn’t take into account external influences that can affect these patterns like what occurred earlier this week.

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