As is typical of those who try and criticize gold as a necessary ingredient of a well diversified portfolio, they use flawed analysis in coming to their conclusion. This article will go into depth as to why their analysis is flawed in my continued effort to bring the truth about gold to the public.
Read More0Jan
20
2010
I had been cautioning gold investors that the U.S. dollar price of gold breaking to new highs needed a confirmation of the dollar index breaking to new lows. The fact that it didn’t even break the March 2008 lows of just under 72, let alone 74, showed there is still some perceived strength in the dollar and that a reversal was possible.
Read More0Dec
28
2009
In my continued exposure of those who write articles that misrepresent gold I’ve run across an article written recently by former Ronald Reagan chief economic adviser and current Harvard Economics Professor, Martin Feldstein called “Is Gold a Good Hedge?”
I will dissect Feldstein’s article that is full of what I believe to be deliberate misinformation to confuse readers as to what gold truly represents in today’s economic and investment climate.
Read More0Dec
18
2009
Dave Ramsey Doesn’t Know the First Thing About Gold
By: Doug Eberhardt
Category: Gold
Tags: buy gold, dave ramsey, Don't buy gold, Gold, Gold bad investment, gold is money, Inflation, jeremy siegel, Stock for the long run, stocks for the long run, U.S. Dollar
The advice from Dave Ramsey is to “only invest in something that has a good long-term track record.” Well Dave, in case you didn’t know, gold has over a 5,000 year track record. Is that a long enough track record for you?
The U.S. Dollar on the other hand has only a 38 year track record without gold backing.
Read More0Dec
12
2009
Gold Is Not Falling
By: Doug Eberhardt
Category: Gold
Tags: currency, Diversification, EURO, Federal Reserve, Gold, keynes, medium of exchange, U.S. Dollar, YEN
Recent purchasers of Gold are upset lately with the 8.5% drop in the U.S. Dollar price of gold this week. But what most of these buyers don’t understand is that gold stayed the same. It was what gold is priced in that changed.
That’s right. Gold is just a shiny rock as all the Gold naysayers like to say. It didn’t change in the last week. It’s still a shiny rock. But the U.S. Dollar appreciated of late thus causing the U.S. Dollar price of Gold to fall. To understand this further read on…
Read More0Dec
11
2009
Trading Gold In EURO’s Instead of Dollars Now Making Sense
By: Doug Eberhardt
Category: Gold
Tags: dennis gartman, elliot wave theory, EURO, Gold, trade gold, U.S. Dollar, U.S. Dollar Index
23 days ago I wrote an article Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon where I presented the case that the GDP of the Eurozone didn’t support the appreciation the EURO was receiving over the U.S. Dollar, which also was experiencing lousy GDP numbers. It was the fact that the EURO was approaching its all-time highs against the U.S. Dollar that made no sense.
Read More0Dec
7
2009
There were two negative articles on gold today that were filled with misinformation. While gold has been getting hit lately, something I have been cautioning traders about recently, it is expected that the gold bashers would come out of the woodwork. But the problem lies with the flawed analysis these journalists are utilizing in drawing their conclusions.
Read More0Dec
3
2009
Nov
19
2009
Nov
18
2009
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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