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Sunday, November 29, 2009

Updates from the Deflation Camp

Bob Prechter gave a good interview on Eric King's King World News and a frustratingly good argument for the deflation camp.

Check out the link to listen

Famous Last Words

Over the last few months gold has defied the pundits and newsletter writers by not delivering a much predicted pull back and is now racing ahead stopping just shy of $1200 on Friday.

This massive rise has sparked many commentators to predict that we will never see Gold below $1000 ever again. Whilst the fundamentals and some technicals may support this in the long term - these statements smack of euphoria. I am reminded of oil's meteoric rise above $100 up to $149 and how many of the peak oil proponents (many of them also Gold Bugs!!) talked about how we would never see oil under $100 again. Lets see where we end up!!!

Friday, November 20, 2009

Coming soon