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.
If you watch the financial news networks, especially Fox, you are told that “All is well,” that the economy will grow this year somewhere near 3% and that stocks are still good buys. However, there are indicators of strains on the economy that are not often mentioned on Fox.
David Stockman issues one of the most thought-provoking newsletters I’ve read in years. He combines his experience in the Reagan administration as Budget Director with his more than 30 years in the investment world, much of it with some of the best-known firms on Wall Street, to present views rarely found elsewhere. Stockman has constantly
Anthony Ward, famed London commodities trader, closed shop after nearly forty years of trading. His reason: he couldn’t keep up with computer trading. According to Reuters, Ward blamed the rise of computer-driven funds and high-frequency trading. Other well-known commodities investors also threw in the towel. They are now looking for opportunities where machines can’t make
John Scurci, Corona Capital Partner and Chief Investment Officer, is bullish on gold for 2018. One of his reasons is the ratio of the price of gold to stocks. He asserts that stocks are punching out new highs because of the money-printing orgy that the world’s central banks have gone on since 2008. Not coincidentally,