Kip Largo

August Buying Time for Gold

India can do nothing but disappoint this gold season. China and Russia, but especially China will increase reserves, but thats on going, not seasonal.

I think you buy and sell quickly before news shows lack of india buying. Also, only pick miners ramping up production, so if you get caught with a lame gold season, you have a gold stock that still has potential on its own merit.

Also, talk of a second stimulus may drive gold regardless.

Adrian Day: Summertime Brings Buying Opportunity in Juniors

This is a great article. I've been learning as much as the last two years in how best to value gold companies. I would have loved to hear his opinion on a miner called Midway, which I personally like a lot.

Four Stocks Selling Below Cash

DFS is in a great position. It doesn't suffer the churn that Visa and Master Card do and it is more responsible and customer focused. If Americans truely educate themselves financially, Discover will find lots more customers choosing their card over the V and MC.

Geithner Creates Buying Opportunity in Financial ETFs

The big banks will get bailouts whenever they need it. Gietner wants to insure future bailout money as the FED and the banks are still unsure how much toxicity is out there that will make them insolvent.

If the public becomes actively outraged, rather than simply verbally outraged, at another bailout, the FED has some serious problems. Gietner and the FED want to lock up as much money as soon as possible before it becomes politically unfeasable to ask for more money from the Tax Payer.

The Goal of the FED is to make sure none of the major banks fail, and that the Tax Payer is there to recapitalize them when they make bad loans and investments.

Will the Deflationist vs. Inflationist Debate End Soon?

I am of the belief that money created through credit must hit rock bottom before any recovery can happen. That means trillions of dollars has to disappear so that pretty much what is left is the Fed generated money (rather than the money created out of loans). When this has happened, we'll be ready for growth as we will have proper reserves for any credit expansion, but if we try to keep massive amounts of credit alive by printing out money, we will only push us farther into bad times.

Gold's Not the Best Investment in Inflationary Times

The world will not end if fiat money ends. In truth, eventually a fiat monetary system will run its course and thus money will revert back to having some percentage of it based on gold and/or silver. That would mean that governments around the world would have to a deposit of gold equal to the fraction pegged to their money supply. That event would mean gold's demand would be huge. Exploration for gold would be huge because the only way to expand the money supply would be finding more gold. Doomsday is not necessary for gold bugs. And capitalism can still exist without fiat money, just look at history.