Gold $1,460…Oil $109 (Brent $123)…Dow 12,400…
Good Golly…what isn’t going up?! Commodities…equities…monies. They’re all on the march.
Yes, you read that right, Fellow Reckoner. Money is going up too. It’s going to the moon…and back. We mean real money, of course…not that flim flam fiat junk the Feds pass off as cash. We’re talking about gold. Gold and, to a lesser extent, silver. Look above at that first number again. Quite a bit higher than the $1,150 per ounce the Midas metal fetched a year ago, eh? Or the $650 it went for five years back? Or the $250 mark, where it started the new millennium.
[Read more...]
Three Words That Could Help Fix the US Monetary System
Choppy week in the markets, wouldn’t you say? Gap down one day, gap up the next. That’s what you get when the tub is full of Fed-faked funny-money. Bigger waves…more tumult…less predictability. And a whole lotta motion sickness along the way.
Markets are always and forever in a process of price discovery, torn between demand for lower prices from buyers on one side, and the profit motive from sellers on the other. Somewhere in the middle, the two parties will come together to exchange their goods and services. In other words, they “discover” an agreeable price at which everyone finds value. This is what the free market does naturally. Low prices invite demand…driving prices higher. High prices invite competition (supply)…driving prices lower.
[Read more...]