locke

In Defense of Gold

When the massive amount of speculators sense there is easier money to make elsewhere, they will leave gold in a massive hole, regardless of theories or fundamentals.

Bullish on All Metals

Something called "TheGoldReport" is bullish on metals? What a surprise!

"I'm increasingly fearful about what we’re seeing."

Be greedy when others are fearful.

IMF Gold Sales Prove Economists Aren't Great Money Managers

For this analysis to make any sense, one must accept axiomatically that because gold has outperformed recently, it will continue to appreciate at an unusually high pace.

I don't think this reasoning is logically sound. It may be right (we won't know for a while), but it is not logical.

Byron Wien's 5 Sure Things for a Turbulent Market

I've never met any scientist who believes China's scientific ability rivals our own. Everything I've heard is that they are trying hard and failing to copy our models.

At least they're trying. It's hard to believe a party as anti-science as the Republicans has ever gained power in a major country.

One thing is for sure: Regardless of what happens to the price of oil, I'm buying a Chey Volt in 2010. I love the idea of only buying gas once per quarter!

A Closer Look At the Gold Price Chart

Only a fool would consider a lack of financial training to be an advantage. Ignorance allows us to make ever-riskier investments without realizing the amount of risk we are assuming. In the right market conditions, that could mean higher returns resulting in delusions of grandeur, but risk eventually catches up with us.

I have no financial training, but I draw caution, not confidence, from that fact. I am also extremely skeptical of anyone who thinks charts have reliable predictive ability. That's classic confirmation bias, if you ask me.

A Closer Look At the Gold Price Chart

No formal training is an advantage? I suppose that's the case, if ignorantly assuming more risk than you realize is considered an advantage. It certainly can mean more return and make you feel like a genius... until the risk catches up with you.

Only a fool would heed the advice of someone who proudly trumpets his own ignorance, like this author.

Disclaimer: I have no financial training, either, but I don't have the audacity to consider that an advantage.