Are you a trader or are you a central banker. Because if you’re wasting your thoughts and my time on a circumlocution on what gold is really “worth”, you’d better be the latter.
Santa Claus Rally (reprise)
this post originally appeared on December 6th 2009 This post will be 99% anecdotal, 1% empirical, because I haven’t the time or energy to go dig up supporting data for what we all know: Most years, the market rips higher during the week between Christmas and New Year’s Eve and this one week run is…
Bespoke's 2010 Roundtable: The Outlook From Your Favorite Bloggers
The Bespoke Investment Group just posted a killer 2010 Roundtable, including the views of some of the best financial bloggers out there. I was honored to be included along with Eddy Elfenbein, Paul Kedrosky, Bill Luby, Michael Panzner, Mebane Faber, Charles Kirk and all the rest.
1999-2009: Everything Beat Stocks
Here is Bloomberg’s Chart of the Day, it’s the returns over the last decade for six asset classes. “Paper” lost to everything, especially the “Hard” stuff.
A Few Chunks of Goldbug Kryptonite
Hold your hate mail Goldbugs…I don’t make predictions here on anything, nor do I particularly care which way the price goes today or tomorrow. The recent sell-off in the yellow metal has brought out a ton of bearish sentiment this week, some of which I’ll post here… First up, Doug Kass has a gold call…
Saturday Night Video: Not So Mellow Gold
Glenn Beck and his gold worship got the Daily Show treatment this week (h/t Paul Kedrosky)… www.thedailyshow.com
Greg Zuckerman on Paulson and the Gold Bubble Question
This morning I had the pleasure of attending a hedge fund industry event where the featured speaker was Gregory Zuckerman, the author of The Greatest Trade Ever. I was one of the few in the audience who had not yet read the book but a lot of what was discussed has already made it’s way into…
A Roundup of Crude Oil Predictions and Targets
Remember when the producers of Diff’rent Strokes decided that Arnold wasn’t cute enough anymore so they brought on the quintessential red-headed stepchild, Sam, to ratchet up the adorable factor? Gary Coleman probably felt a lot like Crude Oil feels now that Gold has replaced it as the commodity speculators’ darling. Anyway, let’s take a look…
Journalists with Questionable Endorsement Deals
Fox News “journalist” Glenn Beck has recently come under fire for his endorsement of Goldline, a seller of gold bars and coins. Not only does he do live commercials for Goldline, he has also been telling his viewers to buy gold to protect themselves from the government’s policies. Beck is not the only on-air news…
Exporting the Bubble?
Are our artificially low interest rates fueling bubbles elsewhere?