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The Best Trader in the World Is Wildly Bullish on Gold
The “Michael Jordan of trading” is now table-poundingly bullish on gold. And the Reserve Bank of India may have just made him look like a prophet…
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The “Michael Jordan of trading” is now table-poundingly bullish on gold. And the Reserve Bank of India may have just made him look like a prophet…
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Jim Rogers debunks Nouriel Roubini’s claim that investors are borrowing dollars to buy stocks and its causing a commodity bubble.
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NEW YORK (MarketWatch) — Gold futures surged to record highs above $1,090 an ounce Wednesday as the dollar sold off and buyers piled onto the precious metal’s recent rise amid bets the Federal Reserve would maintain its ultraloose monetary policy.
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Gold’s price has quadrupled since 2000, yet this is just the beginning of a historic rise. Seven major forces are set to push gold past $2,500 – and we’re not talking about the tired old inflation story…
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The U.S. dollar is doing a fair impression of the late Rodney Dangerfield – it gets no respect. But the buck doesn’t need respect to rally hard in the wake of a major squeeze…
A reader writes,
I never thought that you “confused the natures of Planet Real and Planet Paper.” You have always seemed positive that the King does not wear clothes, despite the calls for their [existence]. Mister Market is….
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The dollar bulls’ chicken dance is about to come to a crashing end.
For the past few days, the dollar bulls have been all full of “P&V” (a technical term I learned from my Irish granddad). We’re talking chicken dances here. I think we even saw a bunch of traders down in the CME pits doing the wave.
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Market Folly (via SeekingAlpha) breaks down the recent client letter from Paul Tudor Jones. He is bullish on Gold and believes it is undervalued.
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Below are some charts showing my analysis on gold, silver, oil, natural gas and the S&P 500 index along with a seasonality chart proving that……..
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The Gold and Oil Guy gives a quick technical look at the short-term prognosis for stocks and commodities.
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The Technical Commodity Trader takes a long-term technical look at Gold and Oil.