Greg Pinelli

Painful Surprises and Big Lessons with Precious Metals & Energy

Reading this article is a stern reminder why having a macro viewpoint and understanding the foundational movement of investments is critical. Gold and (especially) silvers corections aren't anything but typical and typically severe in a long trend movement. Gold is NOT falling because of a fear of rising US rates! The Fed won't/can't raise rates because of the almost instantaneous collapse of every variable rate debt instrument in existence. Mr. Zeman's notion that traders will not Buy because prices have fallen so far is truly amazing! And inflation "cuts both ways" for gold...!! Even in August that could lock down the dumbest comment of the year award.
At these prices silver looks especially attractive (down 32% from its last high)...by the by..we really don't need the kind of pretentious doom gloom garbage and "final reckoning" nonsense of James Seaberg (comment above). Central Banks will do what they always do..inflate. The metals correction we see are really regroupings while the fearful and potentially insolvent hoard cash till the next burst of liquidity. You can't profit from the system unless you understand how it works...like it or not.

5 Natural Gas Plays You Don't Have to Dig Too Deep For

Nice job on the "local" gas plays...will follow them and see how your research pans out..Without a doubt..nat gas is going to wake from its long neglect! Greg Pinelli..the GeoRealist