Global Market Commentary, Analysis and Investments
We got the news yesterday. Gold went over $1,900. This morning we find it soared $39 yesterday.
Wow!
Has making money ever been easier? We bought gold at around $300 at the turn of the century. Now, it’s 6 times as much. And if Ben Bernanke announces another money-printing spree, gold will probably close the week over $2,000.
[Read more...]Stocks are plunging again today as we go to press. The Dow Jones Industrial Average is down a whopping 500 points – back below 11,000…AGAIN. Meanwhile, most European markets are off more than 5%.
In other news, a small biotech company, Medicinal Genomics, announced today that it has successfully mapped the DNA of marijuana. Also, President Obama leaves today for a vacation.
[Read more...]The price of gold jumped above $1,800 today. We can imagine $2,000 by the end of the year.
Meanwhile, Wells Fargo, among others, is warning of a ‘bubble’ in gold.
Is there a bubble in the gold market? An AP report explains why people are buying gold:
In October 2007, it sold for about $740 an ounce. A little over a year later, it rose above $1,000 for the first time. This past March, it began rocketing up. On Wednesday, it traded above $1,793 an ounce, just shy of last week’s record of $1,801.
[Read more...]As we might have forecast, the government didn’t shut down. Gaddafi in Libya wants a ceasefire. And while another earthquake has hit northeast Japan, it doesn’t appear to have wrecked anything that wasn’t already destroyed.
And yet, silver has pushed to another post-1980 high. At last check, it’s $41.27. Spot gold hit an intraday record in overnight trading at $1,476.
[Read more...]What will happen to the US economy and the dollar in the near term? Will inflation increase dramatically? What is the outlook for gold, and where should you put your money? BIG GOLD asked a world-class panel of economists, authors, and investment advisors what they expect for the future. Caution: strong opinions ahead…
[Read more...]“Should I buy gold now, or wait for a pullback??
I get that question a lot…and it's a valid question. For nearly two years, gold hasn't had a serious decline. There have been pullbacks, of course, but nothing assumption-challenging. In fact, since October 2008, gold's largest price drop is 10.6% (based on London PM fix prices), and yet the average of all declines since 2001 is 13% (of those greater than 5%). The biggest pullback we've seen this summer is 8.2%. Technically the summer's not over, but I'll admit I'm surprised we haven't had a better buying opportunity.
[Read more...]The financial market tormentors might take Monday off, but we would expect them to return to work very soon, your editor remarked in yesterdays edition of The Daily Reckoning.
[Read more...]The present volatility will be resolved by a decisive move to the downside.
Yesterday, the Dow moved 225 points into negative territory. Was that decisive? No. Not in itself. But it looks like the top is in. If so, stocks should be going down…down…down…
Maybe for a year…maybe for 5 years…maybe for another 10 years…
[Read more...]Copyright © 2012 · Church Theme on Genesis Framework · WordPress · Log in
The Turns of the Century
Listen up, dear reader….herein we announce an historic Daily Reckoning forecast.
Here’s your north star…your compass….your GPS to the future. Print it out. Paste it to your refrigerator.
About the turn of the century, two markets turned
[Read more...]Gold turned up
Stocks turned down
These major trends will end
Whence they meet