Posts Tagged ‘euro’
The World’s Most Evil Company
Read the Tuesday Afternoon Wrap-Up for 2/28/2012 and the Wednesday Morning Commentary for 2/29/2012 I love a provocative title, and this one takes the cake. Given my RANTS of the past five years, I’m sure you’re guessing Goldman Sachs, JP Morgan, or even Berkshire Hathaway. While the first two are today’s most evil companies, and the [...]
2012 should turn out to be one for the history books
READ THE FULL NEWSLETTER In a recent Rant, Andy Hoffman wrote a few sentences that were not respectful to car dealers. I would like to make it clear that this was not a blanket indictment of the industry, but rather a commentary based on a recent personal bad experience he had. Some of our favorite clients are car dealers, and Andy was NOT [...]
Target for gold in 2012: $1,700 to $2,100
READ THE FULL NEWSLETTER Andy Schectman sent me the following YouTube link and told me I must see it. I did, and he is right. This is not to be missed. If you go no further in today’s daily, you must watch the following video: Video on the Tax-the-Rich Mentality We now have abbreviations posted on our blog. Go to the following [...]
Chaos in Europe
Chaos READ THE FULL NEWSLETTER Thursday morning, and once again I changed my title due to the seemingly minute-to-minute changes in Europe, moving at the pace of "ludicrous speed", per a scene from one of my favorite 1980s movies, Spaceballs: "Prepare for.....Ludacrous Speed"!!! I literally can't get through an email, or [...]
PHYSICAL GOLD and SILVER will be the only “financial assets” to rise in this environment
In nearly all cases, I come up with a premise and fashion my RANT around it. I was all ready to write about the silly term "RISK OFF" this morning, a term synonymous with the mindless, computer-generated ALGORITHMS that have DESTROYED American capital markets. As I've written exhaustively for some time, the MAJORITY of such algorithms are emitted [...]
Gold and Silver are Still in a Long Term Bull Market
Why did gold rise on Monday? Although the media made no mention of it, the Bank of England added hundreds of millions to the money supply on Sunday, their version of QE3. The funds responded by buying gold. I wish to re-state my view that gold and silver are in long-term bull markets that have not ended. My horizon is at least three to five [...]
Is gold over-valued?
I just finished checking prices at 8:30 a.m. on September 15th and all of the metals are down. It's been that way for a few days and the "bull market is over" crowd is out in full-force. I just set up my home office in our new condo in Aventura, Florida. My iMac's data was imported to the computer on July 16th. Up popped the market close [...]
The Markets Are Getting Very Volatile
The markets are getting very volatile. Check out the performance in the last two days, above, in the dollar, euro and the Dow. A lot of folks with large bank accounts are getting frightened and their money is (foolishly) moving into the dollar for "safety." The smart, among them, are moving out of stocks and into gold and silver, not into interest [...]
Gold is Not in a Bubble
One of our clients sent us the latest article by Nick Guarino (Wall Street Insider - wasn't it called Wall Street Underground a few years back when he was selling his advice, for thousands of dollars, on how to use futures and options in the stock market and make a fortune - before the crash of 2008? I suspect it did not end well for those who [...]
