Scared Stiff

Gold Prices: Little Correlation with Its Utility

Better yet, what is the utility of Apple stock? Why would anyone pay anything for a stock which serves, literally, no purpose? Gold and non-dividend paying stocks are nothing more than a bet that people will at some point be willing to pay more for it than what you paid for it. At least gold doesn't depend on the honesty of clearly dishonest people to maintain its value.

Oil Breaks Below $38; Bespoke's Commodity Snapshot (12/18/08)

Why is it always that when commodities become overbought, it's because of manipulation, and when they become oversold, it's market forces. Yet, when bank stocks become overbought, it's because of market forces, and manipulation when they become oversold?

In Defense of Gold

You sure that hasn't already happened, Locke?

Taxpayer Bailout Ideas Stabilize U.S. Dollar, Trip Gold

The strong currency/weak currency arguments is one of suppliers vs consumers. Since pretty much all Americans are consumers, and very few are suppliers of anything, a weak dollar is very bad for the average American.