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Gold Chatter

Franklin @ May 22, 2010 # 4 Comments

Image via Wikipedia There is a lot of chatter about gold these days. Gold lost around 5% since May 12 and the chatter box is running wild with explainers. Here it is, yet, another explainer. There is nothing to see folks. Gold was overextended and it entered a correction period. These corrections can go from […]

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Gold Correction Seems Over

Franklin @ February 1, 2009 # 3 Comments

Gold correction seems to be over and the spot price will be looking for a retest of 1,000 in the coming weeks. As any other speculative asset we will have to see how it behaves at the previous high. Breaking above 1,000 will signal that higher prices are ahead. Failing to break above 1,000 will […]

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Why fundamental analysis of commodities is wrong, and irrational

Franklin @ July 30, 2008 # 3 Comments

I have discussed in several articles my position that gold is just another commodity subject to the ebb and flow of speculative money. Today I will talk a little bit about oil and why I think all the fundamental analysis are fundamentally wrong. If I write that we are experiencing peak oil price rather than […]

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This 4th of July…

Franklin @ July 2, 2008 # No Comment Yet

This 4th of July, as we’re celebrating independence and freedom, many senators are getting ready to come back to Washington and sell out some of our most fundamental freedoms. Don’t let it happen. Take action now. Dear ACLU Supporter, On Tuesday, July 8th, the Senate will consider an unconstitutional FISA bill that lets lawbreaking phone […]

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Why Gann, Elliott Wave and Kondratiev Studies Fail

Franklin @ May 25, 2008 # 6 Comments

For a long time I’ve studied the works of Gann, Elliott and Kondratiev trying to gain some foresight into the economy cycles. My costly conclusion is that none of these methods work. However, before throwing them out of the window, let’s see why they fail, when they fail and to what extent they may have […]

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The Richest Country On Earth

Franklin @ April 21, 2008 # 21 Comments

If you thought the richest country on earth was the United States, you were wrong. If you thought it was China, you may be right. The truth is, it is pretty damn difficult to determine which country is the richest one on earth. This is because answering that question implies answering a broader question: “What […]

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The Gold Scam

Franklin @ April 20, 2008 # 18 Comments

Every time there is an article about gold warning about a possible bubble, a cohort of gold worshipers (an activity which, by the way, is frowned upon by the Old Testament God) answer that gold has maintained its value for 3,000 years, or 5,000 years, and so on. They will give you impressive and unsubstantiated […]

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A Streetcar Named Wishful Economic Thinking

Franklin @ April 15, 2008 # 12 Comments

We are broke. We may have a couple more months of sustained living if the Fed keeps injecting liquidity into the system, but to all intents and purposes, America is broke. For the past 50 years we have been sustaining low unemployment rates (albeit not as low as the official figures show), based on a […]

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The Case for Gold as the Next Bubble Instrument (and How to Play it Safe)

Franklin @ January 11, 2008 # 10 Comments

I wrote before that gold is a a poor inflation hedge. The myth has its origins in a big run up in the 80s that had as much to do with wild speculators cornering the precious metals markets as with a knee-jerk reaction to two continuous years of double digit inflation rates. With gold hitting […]

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Is Gold the Object of the Next Bubble?

Franklin @ January 10, 2008 # 3 Comments

Today they started talking about recession, are we in? Are we going to be in? The problem with traditional economists is that they use models that are grossly outdated. My readers know we are in recession since the fourth quarter of 2006 (at best, the 2nd quarter of 2007). The problem right now? None. We […]

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