In a piece today, “Golden Correction”, Mark Hulbert writes that sentiment among the gold newsletters that he follows is very bearish. The recommended exposure as of the end of yesterday was 11.5% – down 54% from where it stood last…
The money supply’s rate of growth is nothing short of jaw dropping. – Irwin Kellner, “Follow the money”, Marketwatch, Tuesday March 25 According to economist Irwin Kellner in an article on Marketwatch today, M2 money supply grew at annualized rate…
At my recent talks on “How To Invest In The Coming Bear Market” at the Borders Bookstore in Roseville, CA, I’ve been advising people to reduce their exposure to stocks and to buy gold. The last couple days have provided…
For years I’ve been telling everybody that gold was going to $1000. I’ve been saying it since gold was in the $400s. Well, today, it finally happened: Gold closed above $1000 an ounce. To everybody who thought I was a…
Gold briefly touched $1000 an ounce this morning – an all time high (Gold 5 Year Chart). The Yen/$ briefly dipped below 100 this morning – just below very long term support at lows from early 2005 and late 1999…
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…