akenaton

Silver Could Rise Even if Gold Falls

wait for Barrick to cover their hedge book on Silver....

Ratio could plummet $20 on this and Barrick know that...

this is why they started by covering Gold

Another Crisis Looms Right Around the Corner

you got it finally?? This has been going around for a while and is the main cause of deleveraging. By keeping cash you will get simply killed as you might want to know that the best way to unload debt is by devaluing the currency (and everybody does that).

Keep cash at your own risks (the only paper that is still worth something is maybe the Brazilian Real, the Swiss Franc and that's it..all the rest remains a liability!!!)

Capital Growth to Capital Preservation: Gold Hoarding Is a Real Possiblity

Yup, the dollar might fall when people realize that even the dollar is not the place to be and there will be game-over. Look at the JPY lately...until few days ago it was the "safe" currency..few days later someone already question if that is true. With huge crises in the Eastern European countries you had the Euro that dropped only one single day and now it's seem that the selling pressure is somewhat gone. If Euro reach the 50 day moving average and eventually the 200 day moving average (right now at 1.4130) you will assist at a huge selling in all dollar assets that are likely to take a new phase to the Gold.

Short-term trading it's fine but don't loose the bigger picture.

Gold vs. Value Investing: An Historical Perspective

I'm amazed that most of people are bearish (if not naked short) Gold. Those are the same that shorted crude oil at $50 thinking it was too expensive. But in the mean time crude spiked up at $147 and believe me they had to cover their short positions. Investing is not being right or wrong (we are all right or wrong at a certain time) but timing. Timing is derived by people's willingness to make a bet or not. In today's world everybody is on the sideline, traders are death, banks are not there anymore and on top of it you'll have paper money that can barely buy anything...with this in mind I have no clue where Gold could go in the short-future but what I know is that if we see a run on Banks as I think of colossal dimensions, no one want paper of any kind and I would rather prefer to own a depreciated house, piece of land, a sh... piece of Gold than a paper like I have in my office of those that were stamped during the 1920's and are just nice to see on a wall....

Valuing Stocks During a Recession

normalized earnings means nothing as this would imply that we are in a normal world which is not the case. To me what is more important is the amount of cash remaining into the company and its burn rate.

There are few stocks (like Conoco that somone mentionned above or Schwab) that are trading below their cash value and on top of it they still make money. Those are the real value stocks as they are the ones that are likely to re-rate the fastest not due to earnings growth but to market sentiment.