Tony Daltorio

Gold: Despite Recent Rise, It's Still Under Water

For the article to have even a hint of credibility, the author should have been balanced and mentioned that the stock market's return has been negative for over a decade and how the trade of the decade has been to sell stocks on rallies and buy gold on dips.

Beware Fortune Magazine's Gold Warning

Here is an example why most small investors do NOT make money over the long-term.

He calls gold a bubble (which it's not) and is completely missing two of the biggest bubbles I've ever seen in my near 30 year career in the investment industry - US Treasuries and stocks.

On Oct 08 09:44 AM Angel Martin wrote:

> I believe gold is definitely a bubble. Confirmation will be when
> good economic news moves the gold price down rather than up. At that
> point the peak of the bubble will have passed and the crash will
> shortly follow.

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

As some other commenters have noted, the key to the article is the words "So Far". The people who think that gold is in a "bubble" (and who somehow miss that the biggest bubble in history is occurring in US Treasuries) believe that the Federal Reserve is done with their policy actions.

Let's say a year from now the US is experiencing continuing negative economic growth and an increasing unemployment rate of 15% and climbing. These people actually think the Fed will say "we've done enough, we want to be prudent, we don't want to risk inflation".

Hey, I've got some swamp land to sell you! What the Fed WILL do is print tens of trillions more dollars in an effort to boost the economy. Perhaps even offering to pay some of consumers' debts directly.

Why Gold Is Overpriced

I can't believe how some articles don't make the "cut" at Seeking Alpha, but poorly researched trash like this does.