Commentaries

Gold prices fell more than 1 percent Wednesday pressured by a stronger dollar and weaker stocks markets along with profit-taking.

There was plenty of hoopla last week. The Federal Reserve’s announcement Thursday of a third round of quantitative easing sent investors scrambling for gold and silver.

The following is excerpted from a commentary originally posted at www.speculative-investor.com on 23rd September 2012.

  NFTRH 204 went like this… Crazy talk about the Outer Limits and complete control in the opening segment (It’s All Out the Window Now) and a serious talk about the DML (Dear Monetary Leader), deflationary destruction and the Crack Up Boom in the Wrap Up segment.  In between was a whole lot of … Continue reading

The following is excerpted from a commentary originally posted at www.speculative-investor.com on 16th September 2012. An Appropriate Quote The great H.L. Mencken wrote: “As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will … Continue reading

  Gold bugs were sent to the woodshed for much of the last year while the regular stock market spent much of its time bulling.  This has served two purposes.  First the over bullish (gold fever) sentiment profile was cleared out in the precious metals and a over bearish profile was at least partially … Continue reading

Excerpted from NFTRH 202: Bernanke Plays it Perfectly From last week’s opening segment: “Another way to look at it is that the market’s fate appears to rest with the jawbone of the man about to speak at Jackson Hole on Friday.” From last week’s closing ‘Wrap Up’ segment: “I think the theme now is that … Continue reading

On this week’s news roster we had a hurricane and the Republican National Convention (which scared some Democrats more than the hurricane), but all eyes are on a small town in the state of Wyoming, Jackson Hole, whose claim to fame is majestic Rocky Mountain scenery and the annual meeting of the Kansas City Federal Reserve.

In its latest Gold Demand Trends report, the World Gold Council reports that gold buying by the world’s Central Banks hit a new record of 157.5 tons, more than double the level of Q2 2011 and accounting for 16% of overall global demand.

MarketWatch has a piece today on the recent headline making noise out of the GOP about a return to the gold standard. GOP’s Gold Standard Idea Isn’t Likely to Shine “The gold standard, it is argued, would foster economic stability and prosperity, primarily by creating price stability, fixed exchange rates and placing limits government deficit … Continue reading