“Gold lures inflation wary hedge fund chiefs”, Reuters, July 30 (via Kirk)
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Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of our subjects asked if he should be plowing his more than $50,000 in savings into gold. It was 1997 and gold was trading…
“People were fearing disaster [in this morning’s Producer Price Index (PPI) report]. They got a report that wasn’t too far from the consensus, and it led to a rally.” – Brian Reynolds (subscription required), Chief Market Strategist, MS Howells May Core PPI…
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The December CPI Report came out an hour ago and the market is gyrating wildly as it tries to interpret it and price it in. The somewhat technical blog I wrote yesterday about headline vs core vs “supercore” CPI is…
The more I think about, the more inclined I am to think that we are heading for Civilization Breakdown, due to the collapse of the dollar as a medium of exchange, like Germany in the early 1920s, as opposed to…