Gold

dejavu

Gold: Deja Vu All Over Again?

I live for these moments. When I start getting spam comments that indicate fear (for gold investors) and schadenfreude (for gold permabears), I know that some kind of important turning point is near. These sort of heuristics make my life easier. My roommates can attest that when gold drops in price, my reaction is to do a really quick dance, followed by an enthusiastic cheer. Then I  go back to living my life….

Buy the Gold Dips?

As we approach the end of the year, the outlook for the global economy is murky, but the outlook for gold remains strong. That being said, I think gold will at least retest its all-time highs in the next couple of months. I am adding selectively to gold stocks, but I will probably lighten up as we approach $1900 and $2000. Long before there was any clear direction in gold,…

buzzy

Is the Timing Right for a Gold Rally?

The biggest problem most investors have is timing. I think a price target of $3000 is conservative, but this does not mean I am backing up the truck yet. A retest of highs is likely as far as I’m concerned, but I am still not going all-in for a 12% gain. I believe there will be better entry levels. This is not the all-in moment in gold. The all-in moment…

gold1

Gold to Retest Highs?

If there is anything I’ve learned over the years of trading/investing, it is to fade the crowd. When gold was rallying to all-time highs, I was warning of a monster correction. This wasn’t a “rational” call since the debt crisis in Europe was intensifying, but then again, markets are not rational. You must feel out markets and go with your instinct You must constantly adjust your forecasts to account for price…

QE

The Market Implications of More QE

It has been an interesting couple of days. The move by the Fed to buy longer term bonds evidences the debt crisis that is unfolding as investors were shortening their maturities. No one in their right mind is buying 30 year government paper in the midst of a debt crisis; hence the Fed’s need to step in. People are scratching their heads right now at the movement in stocks and…