Whatever happened to the bull market in gold?
After a breakout in the spring of 2001 from a years-long downtrend, the gold price ran to $425 an ounce in January of this year and since then has pulled back, settling for the moment just above $400.
After a breakout in the spring of 2001 from a years-long downtrend, the gold price ran to $425 an ounce in January of this year and since then has pulled back, settling for the moment just above $400.
The risk of a major terrorist attack between now and the US elections on 2nd November is considerable, as such an event would assure a victory for the Republicans by a considerable margin. Should this happen gold will blast through the resistance at $430 before you have time to scratch your ankle. Otherwise gold is waiting for the next decisive move by the dollar.
The dollar´s recent counter-trend rally may give investors an opportunity to buy gold and silver before another series of powerful rallies begin as the U.S. dollar comes under heavy pressure in the months to come.
Few perceive the truth about the Federal Reserve. Rare are those who know its origins. It is right in front of us, but our relative ignorance of economics and history is their protection.
The bottom line is that today’s gold bull, over three years old now, is definitely a secular specimen. Past secular gold bulls unfold in a massive parabolic shape over a decade or so, driven by accelerating global investment demand. This investment demand growth can be divided into three distinct stages driven first by contrarians, then global investors, and ultimately the general public.
Today I am going to talk to you about the current monetary disorder. Sometimes I also call it monetary pollution. Our money has been polluted for almost a 100 hundred years and we are now paying the bill. Ferdinand Lips.
Ferdinand Lips provides evidence that without a gold-backed currency we are destined to face crises and military conflicts throughout the world. The best proof of this is provided by the events of the 20th century and the dawning 21st century.
I can’t help but feel that we are careening toward a pivotal moment in financial history and the coup de grace may very well come when the Fed meets this week.
It´s just like the Titanic in a way, except that this currency-cruiser is not really about to hit an iceberg. Instead, it has been set on a wrong course from the very beginning (meaning 1971) with the rudder structurally tethered so that the course cannot be changed. Unfortunately, the inevitable consequence of this is that, the longer this ship sails, the greater is the likelihood that it will hit dry land – eventually. (And that eventuality isn´t too far away anymore, as July´s non-farm payrolls fiasco has shown us today!)
Gold: Back to the Future? A long time ago the store-of-value aspect of money was taken seriously by world governments and economists. The era coincided with a gold standard begun in 1717 by the British; in 1785 the Americans adopted a bi-metallic standard of silver and gold. In 1900, the US switched entirely to a gold standard.