Contributing Editors' Blog Entries

williambanzai7's picture

TWo KiNDS OF TeRRoRiSTS...

 

Two kinds of terrorists, one's who will do violence to your life and ones who will do violence to your constitutional rights.

The first uses improvised explosive devices, the latter uses the powers of elected office. Heil CISPA!

WB7

 

David Fry's picture

With stocks short-term oversold it certainly wasn’t much of a surprise that options expiration Friday could manipulate volume and performance. Da Boyz in the options pits (mostly electronic now) were hunting down strike prices to exercise existing options as they can. It’s a technical event with an outcome that surely can mislead Main Street.

Sprott Group's picture

Back in 1980, just as the gold price blasted upwards past $800/oz, buyers reportedly lined up in droves at various bullion dealers to participate in the rally. Investment analyst Jay Taylor writes, “I remember 1980… there was panic buying of gold by people in the streets of New York City. They were lined up around the block to buy gold and Krugerrands at that time.” That flurry of buying ended up representing a classic top. As gold failed to move higher, the speculative frenzy soon reversed into a despondency that dragged gold into a twenty year bear cycle. For those investors who bought at the top, it was a hard lesson learned.