Archive - Sep 6, 2009

Given that the open thread on the main page got out of control---impossible to navigate---there you go.

There is little follow through on either side of the equity markets. Outsize bets in either direction are not warranted.

This is the first in a series of what some may consider as “gold bashing” articles. I am not short gold in any shape or form. I am simply presenting the other side of the argument in response to what I deem to be dishonest, gold-pimping commercials that we are subjected to all day long on TV. I may be wrong, but I am honest.

In the opinion of many, the growing severity of recent financial, economic and military crises suggests that this ability has been greatly reduced and that U.S. hegemony is now coming to an end. The highly publicized nature of these imperial misgivings makes this latest version of the nexus seem persuasive.

Recently, we have had a rally in the bond market, a rally in the stock market, and a rally in gold bullion with tame currency moves. What gives?