ignoramusmaximus

3 Reasons Not to Believe In Gold's Recent Rally

". . . on an absolute tear during the last month, soaring above $1,000 before closing at an all time high of $1,092. Since that time, a number of investing heavyweights (Jim Rogers, John Paulson, etc.) have begun predicting Gold prices of ranging from $2,000-$5,000."

Great article. Real food for thought. But "since that time"? The heavyweights have been saying this for way longer than the last month. "During the last month" the media began to pay attention to what these guys are saying when they start to see it happen. About the only attention WS gave to the heavyweights when they were predicting economic crisis a couple of years ago was to ridicule them. They saw crisis on the horizon and I am betting they will be pretty close on this subject too. Short term, what the author proposes seems very plausible. But ignore Jeff Nielson comments at your own peril (big fan, here).

Gold: The Last Carry Trade

Question: Why does my uncle sam collect taxes? Can't he just print money when he wants something? Come to think of it, isn't that what he has been doing for at least a year now? Hey, we're broke, let's have a party! Send everyone a check! The last party was so darn much fun, let's do it again! Avoid hangeovers - stay drunk! Anyone want to unload some gold and silver, I've got this really awesome greenish paper! The world loves it! It's, it's, its . . . almighty! Hail the $! HA! I've known the $ was toast for 2 years now, there was a spark of hope B4 that. All common sense is out the window. The only part I didn't realize is it is taking the pound, the aussie, the euro, and others with it! Awesome! What a great time to be alive! Excitement is in the air, blood will be in the streets! Praise Jesus and pass the ammo!