tony palermo

15 Thoughts on the Markets

We humans have such short memory. All the pessimist views I hear could also be heard during early 80s and early 90s. You always hear them when we are in a hang-over state.

Then few years pass by, the sun keeps on rising and people adapt, and the game starts all over again.

Gold's Fundamentals: 'Extremely Appealing'

The Dollar is strengthening simply because everyone has rushed to hoard the Dollar.

So long gold is being manipulated, it will not rise by much.

Governments should not allow gold rising. It is all a game of confidence, once confidence in paper money is lost, that will be the end of the system.

Things Could Be Worse...

the media sells us only fear and sex, nothing else of value.
There are huge differences between 1930s and current crisis.
There are many safety nets which did not exist in the 30s.
Global trade is well and alive.
These crisis are a necessity. They flush out the excesses and we will come out of it a much better nation.
People still need to eat, to have a roof on their head, to be entertained and life will go on.
US has huge amount of waste, from our gas guzzlers to amount of junk mail we produce to packaging our products and buying stuff we do not need.
New industries are being created (alt fuel tech, bio tech, etc. ) which will be the industries of the future. The US leads in all these industries.
Empires do not fall this fast. It takes couple of centuries and the 21st century is still the US century.