Posts filed under “Gold & Precious Metals”
David Rosenberg offers us this thought provoking chart comparing the Gold rally with, well everything else.
The implication being, Gold has much further to run:
courtesy of Gluskin Sheff
Gold offers a negative yield, hasn’t historically been a good inflation hedge and isn’t even that much of a safe haven in times of market crisis. Indeed, it’s looking like a bubble. But in times when governments are distorting all asset prices, it’s nice to have something tangible to hand.
WSJ, 5/25/2010 7:11:19 AM
Here is a chart that is sure to drive my pal Paul a bit batty: The Dow in Gold. While these sort of bananas priced in herrings occasionally can provide some insight, just as often as not they are confirming an existing bias. > DID THE BULL RUN END IN AUGUST? Source: David Rosenberg, Gluskin…Read More
> A worse-than-expected ADP Employment Change for November (-169k vs. -150k exp) chilled traders’ appetite for stocks. But gold is a different animal, and it’s in a parabolic rise. Bad news is really good news for gold because it means ‘more juice’. Several weeks ago, we noted that gold was about 20% above its key…Read More
OK, it’s not quite the “magazine cover indicator”… …but surely this must be telling us something about the gold market (lol)? Hat tip LOLFed Source: Cats for Gold http://www.catsforgold.com/
Category: Gold & Precious Metals