Understanding The Gold Trade: Why Gold Hates Inflation [View article]
Thanks for all the comments. I think there is a lot we agree on actually. I don't like to get into semantics arguments or take ideas to illogical extremes.
Why Is Anyone Buying Long-Term Treasuries? [View article]
Thank you for the article. Only disagreement is I believe the Euro bonds' or Japanese bonds' bubble will burst before the Treasury bubble (and not simultaneous) and we will see those funds flow into the US treasuries driving prices higher and yeilds lower.
Why Greenspan Is Long Gold And Dissing Fiat Currencies [View article]
Not sure if you read the debate from the link I provided at the beginning of the article? Or if you have read his recent book. The following is from the debate:
"But do you think that gold is currently a good investment given what you're saying about the potential for turmoil?"
"Yes"
I spent a lot more energy trying to get the macro economic argument at the beginning right from his view than worrying about the integrity of this title. In any case, before you pass final ethical judgement upon me, please consider: I provided the links to source material for any quotes, the volume/proportion of direct quotes is very high, and if the spirit of his words were captured.
Why Greenspan Is Long Gold And Dissing Fiat Currencies [View article]
The strongest correlation for gold prices since the crisis is US gov. bond prices, ie inverse to their yield. This is logical because subdued real rates of interest are positive for gold. In other words, physical assets perform well in a zero rate environ. coupled with modest inflation.
New Gold Discoveries Plunge, Peak Gold In 2015 Predicted [View article]
Merian is great add for Newmont. Only draw backs are the 4 million resources was estimated using $1300 gold price and higher political risks than average of the portfolio. Been working on a piece about Merian this week.
A Snapshot Of Central Bank Thinking [View article]
When you say the ECB's credibility is on the line what do you mean? They are credible in their talk to buy sovereign bonds with little sterilization? Or do you mean the opposite, that if they choose to monetize the PIGS debt that ruins their credibility?
Gold Shorts Welcome Draghi To The Rescue [View article]
I did carefully read your article and others you have posted recently and think you have good points but.....
You said:
"U.S. inflation worries or not, if the ECB acts in a manner similar to the BOJ, the dollar is supported further. It is precisely dollar support that has driven the price of all commodities lower lately, and it is behind the determined drive lower in gold."
I am saying that longer term this is not set in stone. Look at the DXY to Gold chart.
I will add again that receding inflation concerns in the US would be positive for gold because it would limit US rate hikes. I think you think inflation would be good for gold prices but don't want to speak for you.
I am not trolling you, just trying to discuss, please do not respond to me to read the article, I am honestly trying to understand your points.
Gold Shorts Welcome Draghi To The Rescue [View article]
One assumption you may have wrong (sorry if you are not saying this) is the assumption that a weaker Euro and dollar strength will be bad for gold in the mid-term. Take a look at the DXY to Gold price chart in this article: http://bit.ly/1F8eShE
I'll add that if inflation fears wane the Fed will use this as an excuse not to raise rates. I think you are assuming if inflation fears continue that it would help gold. I think it is the opposite.
Gold Eyes ECB, Preps For Eurozone QE [View article]
I think the basic idea is to add liquidity. Keep in mind they would basically be crediting bank accounts Euros. Also to drive up asset prices to create the wealth effect and generally raise prices in the whole system which could have a trickle around effect. Explanation is not an endorsement.
Understanding The Gold Trade: Why Gold Hates Inflation [View article]
Understanding The Gold Trade: Why Gold Hates Inflation [View article]
Why Is Anyone Buying Long-Term Treasuries? [View article]
Newmont Breaks Ground At $1 Billion Merian Mine In Suriname [View article]
Newmont Breaks Ground At $1 Billion Merian Mine In Suriname [View article]
http://seekingalpha.co...
Why Greenspan Is Long Gold And Dissing Fiat Currencies [View article]
"But do you think that gold is currently a good investment given what you're saying about the potential for turmoil?"
"Yes"
I spent a lot more energy trying to get the macro economic argument at the beginning right from his view than worrying about the integrity of this title. In any case, before you pass final ethical judgement upon me, please consider: I provided the links to source material for any quotes, the volume/proportion of direct quotes is very high, and if the spirit of his words were captured.
Why Greenspan Is Long Gold And Dissing Fiat Currencies [View article]
New Gold Discoveries Plunge, Peak Gold In 2015 Predicted [View article]
New Gold Discoveries Plunge, Peak Gold In 2015 Predicted [View article]
New Gold Discoveries Plunge, Peak Gold In 2015 Predicted [View article]
A Snapshot Of Central Bank Thinking [View article]
Despite Recent Blood, Gold Crushing S&P 500 Total Return [View article]
Gold Shorts Welcome Draghi To The Rescue [View article]
You said:
"U.S. inflation worries or not, if the ECB acts in a manner similar to the BOJ, the dollar is supported further. It is precisely dollar support that has driven the price of all commodities lower lately, and it is behind the determined drive lower in gold."
I am saying that longer term this is not set in stone. Look at the DXY to Gold chart.
I will add again that receding inflation concerns in the US would be positive for gold because it would limit US rate hikes. I think you think inflation would be good for gold prices but don't want to speak for you.
I am not trolling you, just trying to discuss, please do not respond to me to read the article, I am honestly trying to understand your points.
Gold Shorts Welcome Draghi To The Rescue [View article]
I'll add that if inflation fears wane the Fed will use this as an excuse not to raise rates. I think you are assuming if inflation fears continue that it would help gold. I think it is the opposite.
Gold Eyes ECB, Preps For Eurozone QE [View article]