Meredith Whitney, CEO of the Meredith Whitney Advisory Group, has been beating the drum for some time that state and local governments continue to spend far beyond their means. More recently, she added that this year hundreds of billions in US municipal bonds are likely to default.
[Read more...]88% Scientifically Accurate Predictor of Gold Value
February 24, 2010 By Leave a Comment
Predicting the price of gold in the future has always been more art than science. Stocks, bonds, and other investments are generally valued based on their future cash flows, an attribute that gold simply doesnt have. In fact, beyond taking note of macroeconomic principles and using historical trends as a guide there are few agreed upon techniques for understanding golds price movement.
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Don’t Turn Out the Lights on Commodities Just Yet
The prices for many commodities suffered the worst week in recent memory last week. Oil prices dipped below $100 per barrel, gold fell below $1,500 an ounce and silver gave back much of the past month’s gains by falling to the $35 an ounce level. The prices for other commodities such as sugar, tin, nickel, aluminum, lead and copper also pulled back.
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