Ray Lopez

Countdown of Manipulated Gold Price Running Out

"Get gold, humanely if possible, but at all costs, get gold!" - King Ferdinand of Spain (1500)

36 Opportunities for the Beginning of the Bull

"This week, despite the loss of ten percent of equity in the average portfolio in the span of five days, I wish to reiterate my belief that equity markets are in a cycle bottoming phase and that a new Bull cycle has commenced." What planet are you on? Easy credit was so five years ago. We will have a new bull cycle when you stop posting this nonsense and the DJ30 gets to 5000.

How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II

One thing about Japan-- it is not like the USA because they don't have a consumer culture (though, strangely, their percent of the economy that is services is still pretty high). What this means is this: as interest rates drop in Japan, people save more, not less, the opposite of the USA. That's why interest rates can go to zero and people still give their money to banks in Japan, and don't invest in stocks nor consume their savings. A big problem that has been remarked about in the past by academics. So I don't think Japan = USA.

Dehedging Gold -- Why Barrick's In Trouble

Great article, points out that hedging is good during a bear market but bad in a bull market for gold. BTW ABX once sued and won a judgment in Canada against an (eccentric) internet poster who kept saying they were going to go bust due to their hedges. I got out of ABX just for that reason (figuring where there's smoke...), though I'm long gold through a mutual fund.