Global Market Commentary, Analysis and Investments
I’ve told more than one concerned investor that when the gold price falls, they should “come back in three months” and see if they’re still worried. The idea is that the daily and monthly gyrations are nothing to fret over, that the price will recover and, in time, fetch new highs.
That advice has worked every time gold underwent any significant correction (except in late 2008, when one had to take a longer view than three months). Here’s proof.
[Read more...]Nothing much to talk about in the markets yesterday.
We had been expecting a bigger sell-off in the price of gold. The metal went down, about $300 if we recall correctly, but not as much as we expected.
In the last major bull market in gold, in the ’70s, the price declined by about 50% before going on to set a new record. The pullback in 1974 caused investors to question the premise of the whole bull market. Many dropped out and missed the big payoff.
[Read more...]Nothing much to talk about in the markets yesterday.
We had been expecting a bigger sell-off in the price of gold. The metal went down, about $300 if we recall correctly, but not as much as we expected.
In the last major bull market in gold, in the ’70s, the price declined by about 50% before going on to set a new record. The pullback in 1974 caused investors to question the premise of the whole bull market. Many dropped out and missed the big payoff.
[Read more...]Jeff Clark, editor of BIG GOLD, caught up recently with Mike Maloney, founder of GoldSilver.com to get his latest thoughts on the gold and silver market. Was the recent selloff in the precious metals sector the beginning of the end of the Great Gold Bull Market? Or merely the end of the beginning? Mike’s perspective may surprise you…
[Read more...]With gold a stone’s throw away from $2,000 and already up 27% on the year, the objective investor might begin wondering how much higher both it and silver can climb. After all, gold is nearing its inflation-adjusted 1980 high — and that peak was a spike that lasted only one day.
So, how much return can we realistically expect in each metal at this point? And is one a better buy than the other? There are dozens of ways to calculate price projections, but I’m going to use data based strictly on past price behavior from the 1970s bull market.
[Read more...]Ouch! That hurt!
The “cheap” gold stocks that your California editor highlighted in recent editions of The Daily Reckoning just got cheaper…a lot cheaper, thanks to the largest three-day selloff in gold and silver in nearly 30 years!
The gruesome details are as follows:
[Read more...]First, a look at the markets. They’re becoming exciting. Yesterday, for example, stocks reversed some of the losses from Friday. The Dow ended up 68 points, keeping the index above 11,000.
Going the other way, gold lost $49.
What to make of it?
In our guess…both stocks and gold SHOULD be going down. That doesn’t mean they will go down, of course. But at least it gives us a point of reference.
[Read more...]“Attention! Il y a une medeuse, la!” a young boy shouted yesterday as your editor dipped his toes into the deep, blue waters of the Mediterranean in Cannes.
“Ah oui,” your editor replied. “Je la vois.”
“What is it?” your editor’s son, Ethan, wanted to know.
“A jellyfish.”
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Is Gold Washed Up?
A stitch in time…
Okay… We have left 2011 behind. We are rid of it forever. It won’t come back. Never. Not even if the universe lasts a million years, we will never see it again.
Or will we? One of the intriguing discoveries of 2011 came the giant particle accelerator in Switzerland. Those clever scientists set up a race, from Geneva to a finish line in Italy, 730 kilometers away. It was a race of neutrinos against light. Who do you think won?
[Read more...]