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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • James Turk: Update On The Gold Fundamentals 3 comments
    Oct 3, 2012 4:06 PM | about stocks: GLD

    Interesting presentation from James Turk. What keeps me bullish is his Gold Money Index which still indicates that gold is way undervalued at this time.

    => youtube.com/watch?v=jVVmd1FDH4c

    Another item mentioned in the video (an item I've talked about many times) is the deficit to outlay ratio. The U.S. is spending money which is borrowed for 40% on average from foreigners.

    The latest data on deficit to outlay ratio in August 2012 shows that we borrowed 52% from foreigners to spend on our U.S. programs (medicare, social security, defence, pensions, education...):

    (click to enlarge)

    Chart 1: Deficit to Outlay Ratio

    Stocks: GLD
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  • winningtrader
    , contributor
    Comments (2459) | Send Message
    QE infinity is rocket fuel for precious metals to fly sky high. I think that the bullion banks and the FED will do their best to keep prices as low as possible for the November elections but gold is likely to go over $2000 before too long and then head to $2500.
    4 Oct 2012, 06:06 AM Reply Like
  • Mark Thomas
    , contributor
    Comments (41) | Send Message
    I love Gold and Silver long-term but markets might get shaky her over the next month. I suggested subscribers to GoldSilverGains.com take profits and raise cash. I'm more concerned about a correction in the miners than the physical.
    10 Oct 2012, 01:39 AM Reply Like
  • Katchum
    , contributor
    Comments (613) | Send Message
    Author’s reply » I don't really know, but I think the miners have already corrected so much. The downside should be limited.
    10 Oct 2012, 11:17 AM Reply Like
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