The gold chart is showing either a distribution to or a base from which a further advance is assured. Given the out of control Federal deficit why would big money be exchanging gold for paper during the last 18 months? If JP Morgan was not short 30 million ounces of gold on the CRIMEX the coming advance would already have occurred.
Want a Way Out of the Economic Stupidity? Buy Gold [View article]
Sell gold for what? The unlimited printing press money that is being created by governments all over the world? And then do what with the money? Spend it to aggrandize your lifestyle before it becomes worthless!
ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
Gold mining stocks have never ceased to amaze me. Here is an industry that:
1. Pays essentially no dividends, 2. Produces a wasting asset, 3 Is under world wide siege from environmentalists 4 Faces expropriation threats from a change in the political climate 5. Has to placate an often truculent work force 6. Must constantly replace its physical production capital at higher and higher cost
And yet every time the price of gold moves up a few percentage points the stocks in this industry take off for the moon and then quietly come back to earth as the reality sets in. Even if gold would go up 50%, the actual economic benefit to the shareholders will be zip, nada, nothing.
Buy gold or a double geared gold ETN. Forget the stocks.
While gold, "the last resort" has been rising in value for 8 years equities have given their faithful holders zilch, zip, nada. Look forward 8 years after the current fiscal policies to "save" the economy have been implemented. Where do you think gold will be then? And stocks? Think about it and apply some common sense. The "last resort" will again, be the winner.
Value Investing: Going for the Gold (and Silver) [View article]
Now that the small investor can buy GLD and SLV why buy hope in a hole mining stocks and run the political and cost of production inflation risks that the hope will never be realized?
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [View article]
There is only one way the massive debt of the US government can be liquidated....inflate it away by creating a worthless dollar. After which we have a 100:1 or maybe a 1000:1 reverse split on the old dollar into the new dollar.
Gold: The Moriarty Warning [View article]
Want a Way Out of the Economic Stupidity? Buy Gold [View article]
ETF vs. Mutual Fund: Two Ways to Invest in Gold Miners [View article]
1. Pays essentially no dividends,
2. Produces a wasting asset,
3 Is under world wide siege from environmentalists
4 Faces expropriation threats from a change in the political climate
5. Has to placate an often truculent work force
6. Must constantly replace its physical production capital at higher and higher
cost
And yet every time the price of gold moves up a few percentage points the stocks in this industry take off for the moon and then quietly come back to earth as the reality sets in. Even if gold would go up 50%, the actual economic benefit to the shareholders will be zip, nada, nothing.
Buy gold or a double geared gold ETN. Forget the stocks.
Gold as a Truly Last Resort [View article]
Countdown of Manipulated Gold Price Running Out [View article]
Value Investing: Going for the Gold (and Silver) [View article]
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [View article]
Dollar and Oil Are Manipulated by ECB and Fed [View article]