Posts filed under “Gold & Precious Metals”

Financial Psalm No. 16

Financial Psalm No. 16

16:1   Preserve me, Gold, for in you do I take refuge.
16:2   My portfolio, you have saveth, and it sayeth: “You are my Saviour.
Apart from you, I have no good thing…not even Bitcoins
16:3   As for the Silver and Oil which is in the earth,
they are also excellent ones in whom is my delight.
16:4   Their sorrows shall be multiplied who diversifyeth into other assets.
Their offerings of bonds I will not accept,
nor hold such paper on my lists.
16:5    Gold, well-assayed, is my preference and made-eth my cup.
You made my lot secure.
16:6   Your prices are now rising [again] making pleasant our faces.
Yes, our offspring will have a good inheritance.

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.

My heart instructs me to stay long during the right seasons.
16:8     I have set Gold always before other assets. Because It is is heavy in my right hand, and shall not be moved from It’s Swiss vault without countersigned instructions.
16:9    Therefore my heart is glad, and my relative purchasing power rejoices.
My portfolio shall also dwelleth in safety so long as Bernanke ruleth.
16:10   For you, Gold, will not leaveth my portfolio in Zimbabwe, or Weimar
neither will you allow my portfolio to become holey due to political corruption, or crony capitalism.
16:11   You, Gold, will show me the path of wealth preservation during times of war, inflationary woe and political uncertainty.

In your lustrous presence, I feel the warmth and joy of your security.

So that my hand can exchangeth you for pleasures forevermore.
(with apologies to Private Eye)

Category: Gold & Precious Metals, Think Tank

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

Category: Gold & Precious Metals, Hedge Funds, Think Tank

Gold Bouncing Towards $1400 Creates Selling Opportunity

This discussion is about probabilities and investor psychology — not predictions.


Click for video

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:

yahoo gold

Category: Gold & Precious Metals, Media, Video

Is Gold Overdue for a Bounce?

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

Category: Currency, Gold & Precious Metals, Technical Analysis, Trading

50 Year Chart: Stocks, Bonds & Gold

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

Category: Fixed Income/Interest Rates, Gold & Precious Metals, Investing, Technical Analysis

Gold Standard: 80 Years Gone Today

Su Keenan recaps today’s top commodity stories. She speaks on Bloomberg Television’s “Bottom Line.”

The Gold Standard Died 80 Years Ago Today

June 5 (Bloomberg)

Category: Gold & Precious Metals, Video

Which is a Better Inflation Hedge, Gold or Houses?

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

Category: Gold & Precious Metals, Inflation, Real Estate

Albert Edwards: 10 Year Bond Yield Heading Below 1%

Click to enlarge


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.



Read More

Category: Fixed Income/Interest Rates, Gold & Precious Metals

Contextualizing Retracements By Time Frame

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

Category: Gold & Precious Metals, Investing, Technical Analysis

Are You an Investor or a Story Teller?

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

Category: Gold & Precious Metals, Markets, Psychology, Really, really bad calls, Trading