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Charts speak more eloquently than I can and they speak a brutal truth. Perhaps it is my scientific background or perhaps I appreciate the art that can be found in price charts. In either case, I prefer the message of charts to CNBC blowhards and other so-called experts. Anyone who currently has excess savings they … Continue reading
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As if recent price action in the Gold price wasn’t enough, there is now a tantalizing play on the Gold miners available for speculators in the junior Gold patch. Long term options (LEAPS) on the GDXJ ETF that expire in January of 2012 and January of 2013 are now available. I remain a patient watcher … Continue reading
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To me, the title is stating the obvious. To many, such talk is ridiculous. To paperbugs, Gold is a bubble about to pop and only stocks make you money
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Looking to buy more physical Gold with one more price dip and looking to short the $%&@*! out of equities with one more price rise. I will be scaling into both positions. With Gold, it will be purchase of physical Gold starting at $1150. With the stock market, it will be primarily via puts on … Continue reading
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I think a big and fairly fast move down is coming over the next month in all stocks, including Gold stocks. Keep in mind that I am biased as I am heavily invested in puts on equities (the DRN and UPRO ETFs) and I am waiting in cash to buy Gold miners if they get … Continue reading
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U.S. Dollar bulls have been correct as long as the scoreboard they use to claim victory is the stock market. T-Bills have indeed outperformed the stock market over the past decade. However, U.S. Dollar bulls have ignored a better asset class in their flight to safety – Gold. It takes 4-5 times as many T-Bills … Continue reading
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As Jimi Hendrix sang: And so castles made of sand melts into the sea eventually Debt-backed paper currency is always a castle made of sand but “eventually” corresponds with debt saturation. Once debt can’t be paid back and everyone knows it, what happens? Default or aggressive debasement. There is no “Goldilocks” in between just as … Continue reading
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Paper Gold went on a deeper discount today, so I bought more. I also partially covered stock market shorts today near the lows. Man, those triple levered ETFs can make or lose you a lot of money on their own – add in options and its like playing with napalm! If paper Gold goes lower … Continue reading
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The value of common stocks relative to Gold is about to accelerate in the opposite direction the Larry Kudlow and Jimmy Jack Cramer crowd are expecting. The concept of relative wealth is an important one for Gold bulls to comprehend and embrace, as it allows them to calculate gains in something besides unstable paper debt-backed … Continue reading
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Gold went higher and won the clash of the titans match against king Dollar today, busting over $1200. Gold stocks managed to tread water and close in positive territory as a group, an amazing accomplishment in light of the carnage today. Today was an important day for Gold as the world saw it rise in … Continue reading
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As the Euro makes a panic spike down, Gold priced in Euros is ramping higher, acting as a perfect currency hedge and a much better one than the stock market. Here’s a 6 month chart of Gold priced in Euros thru today’s close (chart courtesy of goldprice.org): Meanwhile, the European stock markets (using the Dow … Continue reading
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The public just got a little bit interested again on Friday. This is a good sign. I now follow the Rydex Precious Metals Fund as a proxy for retail investor interest/sentiment in the Gold sector. You can too if you want. The total assets in the fund fluctuate wildly, with assets flowing out of the … Continue reading
