Marc Faber called for gold to go to $800 last week. Jim Rogers is recommending physical gold now over mining stocks.
It’s not easy to time the gold market because of these external influences. Holders of physical gold care not that gold falls to $800 an ounce on its way to $2,000 and higher.
Read More0So 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.
Read More0But 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.
Read More0CFP’s are great as advisors as they take into account the entire realm of planning when recommending how people should handle their finances and investments. They have to pass a comprehensive exam and are required to complete continuing education each year to stay on top of their expertise.
But even CFP’s can misinterpret the need for gold as part of a diversified portfolio. The reason is, the books they are required to read before taking the CFP exam don’t even address gold properly and there are no continuing education courses that addresses diversification into gold.
Read More0“DOW 10,000 (version) 2.0,” but is it really a better version, or even the same version as DOW 10,000 of 1999?
What most don’t realize is that the DOW 10,000 of 3/12/99 was worth more in terms of purchasing power than DOW 10,000 10/14/09 by a whopping 23.8%. Why? Because the dollar index has fallen 23.8% since March of 1999.
Read More0As I have repeatedly pointed out in this blog, the only thing that is keeping the game going for the economy at present is the fact that government spending along with Federal Reserve interference in the marketplace has created some green shoots. The consequences of this action for the short term has given us and these forecasters the mirage that “all is well.” The truth of the matter is that we are presently in the eye of the hurricane. The calm before the continuation of the economic storm.
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