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  • Gold (and Gartman) Haunting Some Investors [View article]
    People are whistling dixie if they think the gold boom is over. There is multiples more bad credit out there we've seen so far still to fail. Sub-prime was just a taste of the pain to come. Europe and UK is only now getting into the picture

    Right now we're in the Olympic glow, but that means just two more weeks left of the Chinese getting pushed around by Hank and Ben. When the torch goes out, the cloves come off.
    Aug 12 10:21 am |Rating: 0 0 |Link to Comment
  • Is the Price of Gold Artificially Depressed? [View article]
    JBP on the surface one share of GLD equals 1/11th of an ounce of gold in their storage. However underneath the surface in the prospectus is a lot of strange statements about what they mean by "gold in their storage"

    Could be tinfoil hat stuff, could be legitimate. In the end I don't really know,only JPMorgan does. And its because of that "I don't know" part that I always say if you want to buy Precious metals as a long term investment, buy physical. Its the only way you'll know what you actually have

    If you want to buy short term to flip on the swings buy the stocks

    As for the Confiscation issue, I'm Canadian, and so far I don't have to worry about it. As for you Americans, I guess it comes down to how you feel about it. A possible alternative is off shore stuff like Buillion Vault account (UK), or Kitco Pools (CAN). But there are Patriot Act issues with this as well so it all comes down to how much your trust your government
    Aug 07 11:30 am |Rating: 0 0 |Link to Comment
  • Is the Price of Gold Artificially Depressed? [View article]
    Gold stocks are still paper. So is GLD. Buy physical for investment. Buy stocks for gambling.


    Bird in the hand is worth two in the bush.
    Aug 07 09:45 am |Rating: 0 0 |Link to Comment
  • The International Gold Rush: Bulls May Soon Be Rewarded [View article]
    "Gold made a double top after an eight year run. Its down down."

    hindsight is always wonderfull but completely useless, and in the case of gold, completely wrong.

    Can't vouch for the last 8 years, but in the last 6 years gold has made 6 double tops. Each of them similar in magnitude and structure to this one.

    The US dollar index however made a double top in 2001 and has been a train wreck ever since. I don't see it turning around anytime soon while Ben is at the helm.

    Best predictor of Future behavior is past behavior
    Jul 30 10:23 am |Rating: 0 0 |Link to Comment
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