Mr. Market has begun to show clear signs of split personality disorder in recent weeks. Now that investors have exhaled in relief that a deflationary apocalypse has been avoided, the new reality of reflation and stagnation is sinking in…
Avery Goodman at Seekingalpha.com asks the intriguing question, “Did the ECB Save COMEX from Gold Default?”
The gold-to-oil ratio is at ten-year highs – a single ounce of gold can now purchase 22+ barrels of WTIC crude. But what does it mean?
“Silver has been a form of money and store of value for thousands of years.”
Not only can silver provide a hedge provide a hedge against inflation, it also helps you add asset allocation and diversification to your portfolio, owning silver is easy, convenient and affordable, and thanks to the US governments pro-inflation policies, it’s going to be much more valuable in the near future.
As you read this, huge supertankers filled with oil are moored off the coast of Scotland and the Gulf of Mexico. The question is why… and what it could mean for oil-related profit opportunities in 2009. I came across a great line in Barron’s the other day. You know all about bull markets and bear markets… what we have now is a “Jim Morrison market.”
Gold bulls are going to attempt to raid Comex’s vaults by forcing delivery on their December futures contracts TODAY. Who can tell how that will go? I can’t. But it’ll be interesting to watch.
Something very unusual is happening in the oil markets… and it’ll keep the oil price way above $100 for the rest of year.