Commentaries

The gold Bull Run of 11 years (“IT”) is still happening; make no mistake about that.

Fish are jumping and the cotton is high. Yes, it’s summertime and the living is (quantitatively) easy. At least that’s how it looks from the Federal Open Market Committee minutes for the July/August meeting that revealed support among some of the members for a new round of quantitative easing.

The following is excerpted from a commentary originally posted at www.speculative-investor.com on 19th August 2012.

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue.

I often harp on the Dow to Gold ratio, as I think it is the easiest way to see the “bigger picture” secular trend of poorly performing common stock markets (i.e. paper) relative to the free market’s real money (i.e. Gold). I have been not-so-patiently waiting for a turn in this ratio back to the advantage … Continue reading

The summer dog days are upon us leaving investors cooling off in the shade waiting for a refreshing breeze of market-moving news.

From ‘Road to Nowhere’ by the Talking Heads: We’re on a road to nowhere come on inside. Takin’ that ride to nowhere we’ll take that ride. Maybe you wonder where you are I don’t care. Here is where time is on our side  take you there. From the US Federal Reserve’s website and the sub-section The … Continue reading

It has been a year since gold began its downward biased consolidation out of the acute phase of the Euro meltdown and resulting hysteria.  In that time, the deflation case was released from the jail that had been a heightened public fear of inflation (the pinnacle of which was in spring of 2011, a time … Continue reading

“The issuer’s promise” is a phrase I have used recently to describe the backing for fiat currencies.

So, gold didn’t move below $1,500 and it rallied recently – the worst is behind us, right? It might be, but there are reasons to think otherwise and in today’s essay we will feature two charts (courtesy by http://stockcharts.com) that should make you think twice before investing your whole capital in the gold market.