My argument is that the “disappointing recovery” that began in July is nothing less than the exhausted temporary stopgap effect of stimulus, zero interest rates, and TARP, and not, as stipulated in the mainstream, the onset of a “double dip”, or “economic weakness”.
Every time I write a “World According to Gold” piece, gold is setting a new record, among a new crop of bubble-callers, and still the world hesitates to pile into gold for fear of getting burned. Many of those who have doubled or tripled their money have since died, retired, or simply kept on making money investing, succumbing to the addictive quality of wealth.
These days, the number of perpetually inaccurate predictions forecasting an end to the gold boom are thoroughly drowned out by the now multitudinous voices screaming from the rooftops for gold to go much higher. About 90 percent of that is the herd mentality at work.
Edgewater Exploration Ltd. (TSX.V:EDW) shareholders may be forgiven for getting a bit impatient with the share price lately. It hasn’t done anything except go marginally down on very small trading volumes since the onset of 2011, despite the company’s aggressive forward momentum with drilling in Spain and Ghana. That price lethargy may be just the window of opportunity investors have been waiting for, and it may close quickly, as results will start being published soon that may take the stock in the other direction.
Whereas the apparent robust performance of major indices around the world suggests the world is returning to something approaching normal, what we’re […]
Now that gold is muscling its way towards $2,000 an ounce, the forces of ignorance embodied by post-secondary-accredited yet nonetheless clueless commentators […]
