Thursday, August 09, 2007
The Market is Holding Up Great: Thanks CNBC
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We need Fox Business News, fast. Even though there will be the same annoying alerts and breaking news headlines, there may be somewhat of a balance. I think Fox will be more of a Bull, CNBC more of a Bear. Should be fun!
I have one idea that I'd like to run by the internets here ... precious metals sector - the Bank of Canada & the ECB have injected liquidity into the system .. its only a matter of time before Bernanke does the same .. this has to be bad for paper money & good for that other age old store of money --> Gold ... no? I'm putting on some gold shares here ... looking for names
gold is not a safe haven.
Cramer just went nuclear again, on his blog.
Beware of his forthcoming CNBC comments.
Cramer just went nuclear again, on his blog.
Beware of his forthcoming CNBC comments.
thx, didn't mean to infer gold as safe haven - but if they are gonna start dropping money all over the world, the prices of hard assets, which are more finite should go up in relation to currencies .. maybe my theory is good on paper but won't translate into gains for gold shares ... thats what I'm asking
Since 1982 gold (especially gold stocks) has performed well only if stocks have been in an up move. If stocks go down then the margin calls start coming and the big investors sell everything including ALL commodities and nothing is safe. Even in the mid '70s when some equity funds lost 80-90% gold lost at least half of its value. Its a misconception that gold went up throughout the inflationary '70s.
Cramer holding back on CNBC now .. he is sooo holding it in because of his last performance .. you just know he wants to go ballistic
I forgot to add that the only time I know of when gold stocks did well when stocks went down was in the '30s when Homestake Mining exploded during the depression and that was a deflationary period which is contrary to popular belief (concerning gold and inflation).
LMS..Action full movie. Watch out for Hickey.
Markets is just bottoming out. In 2 months everyone will be talking about how high the market will go again.
Markets is just bottoming out. In 2 months everyone will be talking about how high the market will go again.
Steve- I quickly looked it up and I see gold per the London PM fix went from about $180 Jan. '75 to under $100 about Jan.'77 That is a 50% haircut.
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