Commentaries

Many chart geeks – myself included – are managing the 1520 to 1530 area as important support for gold, which it is if the ‘price’ of gold is what matters.  And with legions of individuals and funds holding GLD or other forms of paper gold, I suppose it is important.  They are hoping for their … Continue reading

Gold and “risk” assets rally whenever traders get the faintest scent that more QE (a central bank program designed to increase the money supply) is coming.

Gold prices fell last Tuesday for the first time in eight days and Wednesday gold fell below $1,600 an ounce as buyers stayed on the sidelines ahead of the meeting of the U.S. Federal Reserve which announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers.

Greeks voted to stay in the European Union with a narrow victory for the center-right New Democracy party.

We discussed Warren Buffett’s illogical opinions about gold in our 15th February 2012 report under the heading “Buffett’s Blind Spot”.

As Spain is bailed out, with some mystery over who exactly is going to be footing the bill, we are forced to focus once again on the existential threat facing the euro: will the teenage currency make it through adolescence? Are these just growing pains or the “beginning of the end”? The possible answers, the … Continue reading

Remember the disaster movie, “The Day After Tomorrow,” in which melting polar ice causes disruption to the north Atlantic currents precipitating a new Ice Age?

To paraphrase Einstein, not everything worth measuring is measurable and not everything measurable is worth measuring.

A few articles I have written lately have elicited some responses that have been less than complimentary.  This generally comes with the ‘public writer’ territory, but negative feedback seems to come more intensely when the market is at critical junctures where its fortunes are potentially near a point of change. It goes both ways as … Continue reading

It might sound CRAZY when I say that Greek stocks could become a good LONG TERM investment soon.