Archive - Nov 2014 - Blog entry

Schmuck Schumer...

I read your post Pity the Sub Genius and agreed with a lot of what you wrote. However you missed what I think is the biggest killer of middle class jobs, and that is technological innovation.

It's not a bubble. Until it is...

A tidal wave of gold repatriations may have begun. As speculated in my last post, I raised a concern that should be shared with all western Central bankers…a widespread flood of countries demanding their gold back to their home soils.

“Rags to Riches” Much Easier In Scandinavia than America

Precious metals have taken a horrible beating over the past month. They were suppressed to levels not seen since 2010. The result of this price depression was a massive increase in demand from individual investors and nations alike.

Happy Pre-Thanksgiving in Zero Hedgetown!

Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….

Gold spiked higher in many price feeds overnight and was $270 higher or more than 22% higher to $1,467.50/oz at one stage in what appears to have been some form of computer glitch.  It was not manipulation, a short squeeze, or a modern Chinese or Russian ‘Goldfinger’ sending a pointed message to Washington.

Is the oil cartel impotent?  Is the price of oil going to fall further?  What to expect from tomorrow's OPEC meeting.

It has something to do with a Catch-22...

Who Are the Worst Looters?

“Ordinary people are unnerved about how money works in a bottomless cyber space. Gold seems tangible, clear and timeless”

I said looters, not Hooters!

A few points the "stocks are cheap" crowd should consider.