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Primarily because of the strength of the dollar relative to other currencies, gold has been stuck in the $1275 for the past month. In the other major currencies, gold has risen as those currencies have fallen against the dollar.
Opposition to publicly-traded corporations buying back their stock is developing into a hot political issue that may sink the stock market. The amount of money used in buybacks is astounding.
In September, when gold was trading in the $1200 range, Morgan Stanley, a major Wall Street investment house, predicted $1300 gold by year end. It’s now year-end, and gold did not hit $1300; however, it did climb to $1280, making the forecast a really good one. Two developments that Morgan Stanley thought could send gold
Over the last two weeks, the Dow Industrials rose eight of the ten sessions, tacking on more than 800 points for a 3.2% increase and spreading optimism that the bull market is back on track. The Dow hit two records highs this week. According to the Wall Street Journal, investors seems less concerned about the
Silver has hit $50 twice in my 45 years in precious metals bullion business, January 1980 and April 2011. Both times would have been excellent times to have sold. I did not see either and was not a seller. What will be the right move the next time silver hits $50, sell or hold?
Historically gold puts in nearly 100% of its annual gain between early July and the end of February, which means that now, right in the middle of all the pessimism about gold (and silver), is the time to add to your precious metals holdings.
The history of paper money is that it is printed until it is worthless. The Zimbabwe dollar is the perfect example.
. . . so writes Ben St. Clair in a recent issue of The Wall Street Journal. The essence of St. Clair’s argument is that gold is down 4% this year and that lower prices have not generated buying. But, has gold lost favor as a safe haven? No, and here is one reason why
“My precious metals positions are my largest positions, by far,” wrote Fred Hickey in his June High-Tech Strategist newsletter. Why would an analyst of high-tech stocks make his largest investment position be in gold? Because he is a bear on stocks, especially high-tech stocks, and because he recognizes a bubble when he sees one. Although
Excesses are signs of economic tops. They readily appear in stocks, real estate, and art. If inflation is running amuck, gold and silver can see excesses. Right now, though, we can be certain that there are no excesses in the metals.
