Posts filed under “Gold & Precious Metals”
Financial Psalm No. 16
16:6.1 Beware the false prophet, paper gold, promising false profits.
16:6.2 Bow not before any other Gold but It, for they are but false and wicked idols
16:6.3 Trusteth in the Golden revelations of the Chronicles of Zerohedge and heedeth in thy Beck-ster and Fab-er, for they are the Righteous Ones and sayeth only the purest of truths.
16:6.4 Follow NOT the path of Paulsen and Sorii tribes who being weak in their hearts smite-eth Gold, giving succor to the heathen.
16:7 Blessed be Chris Wood, who resembleth Jesus, and who hath given me wise counsel.
In your lustrous presence, I feel the warmth and joy of your security.
How Gold Lost Its Luster, How the All-Weather Fund Got Wet, and Other Just-So Stories John Mauldin July 3, 2013 We have not revisited the topic of gold in Outside the Box recently, mostly due to the fact that nearly everything I read on the subject is derivative of what I have been…Read More
This discussion is about probabilities and investor psychology — not predictions.
Source: Yahoo Finance
Note: I understand getting heard above the clutter and attracting clicks and all, but this headline is rather different than what we actually discuss on the video above:
Back in my days as a trader, I would peruse the lists of 52 week lows looking for reversal candidates. The key was finding an intelligent entry that had a very tight stop, so it presented a good risk reward. I am happy to risk one dollar to make three. Slowly build the position over…Read More
Click to enlarge Yesterday, in response to our post on how wrong the public was back in this 2011 Gallup poll, the following suggestion was made: Which asset performed best is dependent on your definition of “long term”. 2011-2013 is at best medium term. Long term to most people means decades, 20 years or…Read More
Source: Bloomberg’s Chart of the Day, Federal Housing Finance Agency Here is something I never would have guessed at, via Dave Wilson of Bloomberg: If you want to be hedged against the risk of a pickup in inflation, you would be better off buying houses than gold. That’s according to Michael Hartnett, chief…Read More
Kudos to Albert Edwards for ignoring Career Risk and making a fairly outrageous call.
I question whether this sort of analysis is brave or stubborn or brave (or both) — but more importantly what clients are supposed to do with it.
The rest of Albert’s call: The S&P500 is going to fall 75% to 450, the Sub-1% US 10 year, and Gold > $10,000.
The meme of this morning was “Gold has already regained half of its losses.” That was the chatter I keep hearing. (The comment was blindly repeated by the usual suspects). As discussed earlier, I am now on all sorts of email lists informing me what a fantastic buying opportunity this drop was — but you…Read More
I am fascinated by the pushback to the Goldbuggery post. It has provided an enjoyable and intriguing glimpse into the minds of a certain type of investor. The thought process of undisciplined traders, the people who invest based on a narrative is amazing (and a little sad). Our story thus far: On April 9th, I…Read More