JudeJin

Husebye: A Contrarian's View of the Markets

after depegging from gold, stocks never went down more than 50% again because of the money printing.

liquidity floats all boats.

all said, i'm more confident about gold than stocks.

this guy is predicting that gold is likely to see 700, which shows that he doesn't have a whole picture of what's going on.

let's focus on dow/gold ratio. it is 9 right now, it'll go down to 2 or 1.

my guess is when dow/gold ratio of 1 or 2 happens, dow will be in the 10000-14000 range and gold will be in the 5000-10000 range. because when inflation hits, bond will collapse and liqudity will chase after stocks as well.

one can pump more air into a leaking balloon while the leaking air goes into hard assets like gold.

Faber: Gold a Better Buy than at $300/oz.

half of the world's annual gold production is consumed by india and china. much richer europeans, americans and japanese are still sleeping.

Recent Market Activity: Gold, USD, China and Japan's Sovereign CDS

gold crashed not because of volcker.
there were many reasons:
1. burst of oil bubble
2. gold finished its bull run, reached its theoretical value according to gold standard.
3. china began to export deflation
4. IT revolution
5. rising stocks and declining gold mega trend.

volcker won't be effective now. some other volcker will be effective only when gold will have finished its bull run.

Gold and Silver Continue Their Ascent

up to 2008, half of the annual gold production had been consumed by two countries: china and india.

so the rest of the world competed for the rest, about 1000 tons.

guess what the price would be when the much more affluent european, american, japanese start to buy gold.

Weekly Recap: Is the U.S. Going Bankrupt?

technicals can go to very extremes for extended period of time. we're facing unprecendented situations. black swan if you will.

the upside in gold(gold miners) is so big that we shouldn't be worried any short term corrections if any.

the gold miners have underperformed gold but also put them right at the sweet spot now, meaning there's not much downside as long as gold stays above 1050 and they're fully levered to the rise of gold price.

Economic Parallels Between U.S. and Japan

the biggest challenge facing US and Japan is how to deal with the 2 billion chinese and indians that entered the global competition since early 1980s.

special interest groups in both countries seek to dampen the impact of this increased competition on themselves by making all the other people suffer more. thus we see protected industries, like wall street, flourishing and taking home gigantic bonuses, while other ordinary citizens take on the brunt of the impact.

without any intervention and special interest groups meddling in the process, the pain would have been spread out much more evenly across all sectors and among all citizens in both countries.

misallocating resources, gains and pains, will make both countries much less competitive in dealing with this challenge.

india, especially china, will end up to be the biggest winner.

the biggest enemy is not the opponent, but always is within oneself.

Marc Faber Is Conflicted About the Price of Gold

i'm quite dissappointed at Faber that as a believer of austrian economics, he still tries to time the market, making short term predictions. that's why he did the about-face predictions about gold.

in his heart, he's a firm believer in the gold's bull case.

anyone who believe that gold will go to 5000 or above, shouldn't be concerned with short term pullbacks if any.

3 Reasons Not to Believe In Gold's Recent Rally

a mind as smart as yours can always find 3 reasons to not to believe in gold's rally. missing the bull move says your mind is not smart enough.

The Global Oil Scam: 50 Times Bigger than Madoff

crude oil is definitely too expensive in terms of gold.

Five Charts to Rule Them All: A Telling Week for Bonds

we have to admire these actors, geithner, benanke, et al, they played their roles full-hearted. you and i won't be able to say these things so consistently day in day out.

The Collapse of Effective Demand

the wage levels across the pacific are too lop-sided. the crash of real wages in the USA is inevitable.

the reversal of fortunes between china and usa will be the most spectacular.

The End of Safe Havens

gold is the very obvious safe haven. you just don't get it yet.

The Dodd Bill: Generally Very Good

regulations written by the bureacrats won't work! the best regulation is to let the bad firms fail!

we only need one regulation: the market principles.

anything else is just more interventions to protect the existing establishments.

the worst is yet to come!

Shame On America!

How the U.S. Government Is Swallowing the Economy

china's fx reserve is enough to buy out thirty years' world production of gold.

currently, china and india alone consume almost 1/2 of world's production of gold.

when the european, the japanese, the american wake up and start to accumulate gold, gold will be out of reach for most of the poor people in the world.

Fixing the Economy by Breaking It Yet Again

i sincerely wish that seekingapha.com could take the lead in establishing a online forum dedicated to the Austrian economics.