Thursday, December 31, 2009
Saturday, December 26, 2009
Thursday, December 24, 2009
Tuesday, December 22, 2009
- Seeking Alpha 12/15/2009
Thursday, December 17, 2009
How many Gold Eagles does it take to buy a median priced home today?
How many barrels of oil will that case of Silver Eagles get me?
What number of DOW shares can that Gold Maple get me in the stock market now compared to stock exchange history?
Check out Michael Maloney below as he discusses the age old value measurement of 1 oz of Gold versus a Man's Suit:
Wednesday, December 16, 2009
Tuesday, December 15, 2009
- James Turk
Friday, December 11, 2009
"MOSCOW, Dec 11 (Reuters) – Russia’s state repository will sell 30 tonnes of gold worth $1 billion to the central bank next week, a source at the body said on Friday, keeping the metal inside Russia after rethinking a plan to sell it on the market. Central banks worldwide are building up their gold reserves as the metal trades near record highs. Gokhran, the Russian repository, cancelled plans to sell the gold on the open market after information about the sale leaked.
"The primary aim is to make sure this gold doesn’t hit the market and influence prices," said Olga Okuneva, metals and mining analyst at Deutsche Bank in Moscow. "It’s also a way for the Russian central bank to diversify more into gold."
Russia had planned to sell between 20 and 50 tonnes on the open market to help plug a budget deficit incurred during its first recession in a decade. The economy has since shown some signs of early recovery, in line with a rebound in oil prices.
With gold trading at record highs of $1,226.10 per ounce last week, boosted by a weaker dollar, analysts said Russia would be reluctant to sell the metal abroad or to push prices down by releasing a large quantity to the market."
Thursday, December 10, 2009
The economy is so bad that I got a pre-declined credit card in the mail.
It's so bad, I ordered a burger at McDonalds and the kid behind the counter asked, "Can you afford fries with that?"
The economy is so bad that CEO's are now playing miniature golf.
The economy is so bad if the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.
The economy is so bad Hot Wheels and Matchbox stocks are trading higher than GM.
The economy is so bad Obama met with three small businesses to discuss the Stimulus Package: GE, Pfizer, and Citigroup.
The economy is so bad parents in Beverly Hills fired their nannies and learned their children's names.
The economy is so bad Dick Cheney took his stockbroker hunting.
The economy is so bad Motel Six won't leave the light on anymore.
The economy is so bad the Mafia is laying off judges.
The economy is so bad Exxon-Mobil laid off 25 Congressmen.
Tuesday, December 8, 2009
Monday, December 7, 2009
Sunday, December 6, 2009
All this means is that Gold is destined to soar.
Saturday, December 5, 2009
Thursday, December 3, 2009
Wednesday, December 2, 2009
For the long-gold trade to really become too crowded, certain events will need to occur:
* Goldman Sachs (GS, news, msgs) will have had "bus tours" to a bunch of mines, like the tours it and other companies have arranged for different industries, particularly technology.
* The public will have to be involved in a major way, and we'll see ads on Bubblevision encouraging people to buy gold instead of prodding them to sell their jewelry, as is the case these days.
* Banks will need to find a way to put money into gold -- because no modern mania has ever ended without the banks finding a way to lose money in it.
* We will most likely need to see a frenzy of mergers and acquisitions, and a leveraged buyout or two.
* Last, BusinessWeek will have to put gold on the cover, telling us how it's the wave of the future, or some variation of that theme.
I put this list together somewhat tongue-in-cheek, but over the past couple of decades, most of these events have occurred before a big mania has ended -- be it energy in the late 1970s and early '80s, stocks in the late 1990s or real estate in the middle of this decade."
- Bill Fleckenstein