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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on 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 Ashland, a... More
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Correlation Economics
  • 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.


    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 (2476) | 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 (42) | Send Message
    I love Gold and Silver long-term but markets might get shaky her over the next month. I suggested subscribers to 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 (532) | 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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