Gold and silver both surged some 4% from oversold levels on US election day 2008 as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals …
Obama’s difficulties will be good for gold
Category: Gold
Why commodities could be heading for an upturn
Never has there been a time where the stock market has influenced the commodities markets so much. Last time I checked, the price of soybeans, cocoa or orange juice had absolutely no relationship to whether …
Why the US could be the place to be
“If gold didn’t soar in the last year, then when will it?” A few weeks ago, Jack Crooks asked a crowd of currency speculators why gold had fallen from over $900 to $725 in less …
Should we still be betting on gold?
When the world’s financial system appeared on the verge of meltdown following the collapse of Lehman Brothers last month, gold soared, gaining 22% to $911 an ounce by mid-October. But more recently, the ultimate safe …
How the Fed could create a new gold rush
There are only two things gold bulls should worry about from this point forward, now that the general commodity correction is out of the way and the froth has been worked out of the market: …
Why the gold standard could make a comeback
Over the last few weeks, three people have told me they refuse to buy gold. My dad told me gold is only worth what someone else is willing to pay for it. That it only …
Why gold bugs will get bitten by deflation
A few weeks ago, I argued that inflation was no threat. At the time this may have seemed a little foolhardy. Britain’s Consumer Price Index (CPI) inflation rate came in at 4.7% in August, the …
How to protect yourself from the Lehman collapse
Chancellor Alistair Darling might permit himself a rueful little chuckle this morning. A mere couple of weeks after the pundits lined up to shoot him down over his claim that Britain was facing the worst …
Where now for oil and gold?
Sir John Templeton died on 8 July, aged 95. He was, throughout his life, a great investor. He was also famous for the following quotation: “Bull markets are born on pessimism, grow on scepticism, mature …
How to protect your wealth from a financial collapse
A Texan customer who came to see me a few months ago told me a story which illustrates the fine mess we’re in. In the 1980s boom, his neighborhood boasted not one but two commercial …