Friday , 1 November 2024

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Noonan: Charts Suggest Potential Support for Gold Down at $1,040 to $1,100 (+3K Views)

If you want to make rabbit stew, first, you have to catch the rabbit so hopefully, first, we'll see some concrete signs that a bottom is in before the regurgitation of “Gold is going to $10,000!” starts showing up in a host of new articles pandering for attention. The best way is to decide for yourself...so let us go to the most reliable source, the market, and see what the prices of gold and silver have to say about what everyone else has been saying about them. People have been known to exaggerate, even lie in their “opinions,” but the market never does either.

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Gold Watch: 6 Forecasters Who Got It Terribly Wrong (+3K Views)

Many analysts believe they have insights that enable them to predict the future. They forecast gold going anywhere from $2,600 to $5,000 before the end of 2012 or by the end of 2013 at the latest. Unfortunately, the reading public quickly forgot their prognostications and continue to put credence in their latest crystal ball predictions. This site has decided to call their number. Below is a list of those bold enough to forecast the price of gold reaching a particular price by a specific date and missing the mark.

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Variable Interest Rates: Staring Into the Abyss (+2K Views)

It seems that the past few years of falling interest rates have lulled a big part of the global economy into financing with variable-rate debt...[As such,] when interest rates go up (as they did last week), there’s a world-wide reset in interest costs that, best case, amounts to a tax increase on individuals and businesses and, worst-case, threatens to blow up the whole system.

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The Merits of Using Gold as a Portfolio Diversifier

Although not perfect (nothing is), gold has a tendency to go up in the face of external shocks...[and] tends to have a low and sometimes negative correlation to US equities. As such, with stocks up, gold being down is not a terrible outcome for the investor using gold as a diversifier. Let me explain further below.

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