Commentaries

This was the week the Federal Open Market Committee decided to start tapering.

By November, the most recent month for which statistics are available, the US Fiat Money Quantity (FMQ) had grown to $12.351 trillion.

Many times in our previous essays we have written that if you want to be an effective and profitable investor, you should look at the situation from different perspectives and make sure that the actions that you are about to take are really justified.

One characteristic of an investment bubble is dramatic upward price acceleration during the final 6-12 months of a long-term advance, followed by a price collapse.

All markets go through cycles.

It’s ‘taper’ talk time again and here is a post that is only too happy to join the cacophony… Dear Federal Reserve, please signal what would be at least a symbolic gesture to the market and pretend to tighten policy by beginning a tapering of long-term bond buying.  We know inflation is being promoted via … Continue reading

Source: JT Long of The Gold Report  (12/13/13) What is holding down the gold price? Fear of the end of quantitative easing? Manipulation by a few big players? Central banks leasing inventories? CPM Group Managing Partner Jeffrey M. Christian says forget about all of that. The bottom line is that demand is down as investors big and … Continue reading

I still remember December 2012 and how petrified CNBC was trying to make people of the fiscal cliff.

A disclaimer:  I am long and/or trading several regular ‘bull stocks’ (as well as short a couple).  Don’t interpret the sober message below as a ‘sell your stocks right now!’ style bearish warning.  Indeed, after an expected choppy start to December I think more bull market mania, errr… rally, could still be ahead.  But it … Continue reading

Silver led with a gain of 2.5% followed by gold at 1.9%