joe gold

Milton Friedman Would Have Welcomed the Fed's Intervention in Bear Stearns

Friedman is no longer with us. To those of you who like speculating on what a dead man would have thought of our current predicament, all I say is for every opinion of a living economist I can find you a 100 others that have opposing views.
Best of luck guessing though.

Garmin Hits New Lows, Despite Booming GPS Biz

I don't know what this guy is talking about! Zero substance!
This guy must be over 80, still trying to figure out the VCR.
Did he mention TomTom?
Garmin inked an extension with Navteq into 2015. For Free!!! Which is a far cry from $4 billion for TeleAtlas who barely turned their first profit.
I (unfortunately) am NOT a shareholder of Garmin, a buddy of mine picked it up a few years back while I was asleep at the switch. I've been following it religiously ever since, more so then anything else actually in my portfolio.
This is just the beggining of GPS, and with...

commanding marketshare
solid management
huge---almost triple digit growth---consistently
strategic synergies and a clear understanding of future trends

And what about their Balance sheet???
We're in the midsts of a credit crunch, a recession, and these guys don't owe a dime, they actually have an impressive cash position.

Yeah I'm not sure about this guy!

Is it Finally Time to Sell Gold and Related Mining Stocks?

I have to agree with all the bull sentiment.
Central banks in Asia and the Middle East are sitting on uncomprehensible quantities of USD's and it would be prudent on their part to load up on the metal in this pullback trying to avoid the sinking ship of the USD. With their multiples, every ten-thousandth of a point loss in dollar value has real value consequences on their side.
I do have to admit that my stock positions with mining companies has dissapointed me over this push. I vaguely remember Newmont rising to over $70 a couple of years ago while gold was breaking new ground at $550. Now we just had $1,000+ and it sat there at under $50.
I've heard a lot of people mention rising production costs but its not nearly as high as is being talk about. My impression is that the gold producers are clearing the deck for higher prices to come, and in the comming quarters results will begin to hit the P&L's.

I'm sticking to my instincts on this one.

order to diversify.