Global Market Commentary, Analysis and Investments
Joel Bowman, reporting from Buenos Aires, Argentina…
It’s all happening today, Fellow Reckoner. Gold, stocks, oil…all have rallied to important highs. That’s what the papers say anyway, so it must be true.
Gold has “reclaimed the rally,” reported one outfit. The Midas Metal was trading for around $1,634 an ounce last we checked, up $24 in as many hours.
[Read more...]- Fire discovered! Researchers in France think they have identified the site where fire was first discovered. Carbon dating puts the discovery much earlier than previously thought. But here’s the big surprise…it was not modern humans who discovered fire. More below…
Our beat here at the Daily Reckoning isn’t combustion, it’s money. We keep our eyes on the money.
[Read more...]- Markets were a snooze yesterday. On the back of some ambiguous housing data and a much ballyhooed, though ultimately underwhelming, consumer confidence report, major U.S. indexes barely managed to budge a fraction of a percent.
Gold was rallying this morning, up $12 to $1,115 an ounce last we checked. Crude was lately nudging $83 per barrel.
[Read more...]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.
[Read more...]Regular readers of The Daily Reckoning will recall the Trade of the Decade we proposed ten years ago… to buy gold on dips and sell stocks on rallies. Now that the decades over Bloomberg seems to have caught up with the idea, confirming that gold investments have outperformed commodities, oil, high grade corporate bonds, treasuries, and stocks since the beginning of the year 2000.
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System D is for Free
Joel Bowman, reporting from Buenos Aires, Argentina…
It’s all happening today, Fellow Reckoner. Gold, stocks, oil…all have rallied to important highs. That’s what the papers say anyway, so it must be true.
Gold has “reclaimed the rally,” reported one outfit. The Midas Metal was trading for around $1,634 an ounce last we checked, up $24 in as many hours.
[Read more...]