Guess Big Ben had better stay out of Texas!
So far the solution today is print more money... Money Supply figures came in astronomical and Fed Minutes show lots of doves who want to print more... hence gold rallying again
Re: Gold & Markets
Phoenix
8/30/2011 12:23:00 PM
It does look grim indeed. Thank you Scott for the link. I guess we can't really expect much economic recovery in the short term. And possible solutions are not in sight. You are right that gold still has a good chance of continuing to increase if the prevailing conditions do not change much.
Well who has got a new bag of tricks now to brighten the economic outlook? Any possible solutions? Do you think the congress will do something?
Mostly, I don't want Congress to do something. Cash-for-Clunkers and the First-time homebuyers credit were both short-term programs that cost real money and provided no lasting benefit. Too much of what government provides falls into this category - more harm than good.
Re: Gold & Markets
Phoenix
8/29/2011 2:01:12 PM
Thank you Scott. I thought that the golden spell was nearly over and other metals such as silver might have their turn. But I guess you are right when you say that we are still not out of the present crisis. So do you think whether buying gold is a good idea right now or waiting for another possible correction to lower the price? I look forward to your report.
In the form of better leadership, greater minds, and more resonsibility on the part of our leaders. We cajn pnly expect things to get worse if we don't do something to change the current economic envirnment.
Somebody asked me if I think gold is going higher. Yes I do, the reason I do is that it is in a secular trend -- gold higher because of debt problems forcing governments to print money to bail out banks. The trend appears to be continuing and I see no end to it anytime soon.
We will be putting out a special report on gold later in the week in which I try to explain the rationale and why the ultimate gold target price may be quite a bit higher.
Re: Economic future
Phoenix
8/28/2011 10:42:23 AM
Yes I agree. I think we need new innovative thinking. History may give us examples of tried and tested solutions but that was in a totally different environment. Today technological advancements have brought about a different social and economical environments with a different set of problems. So to face these problems we'd need people who can come up with a new way of handling them.
Economic future
impactnow
8/27/2011 7:44:39 PM
Phoenix I don’t think it’s an easy answer far from it…I think that the economic leaders need to look at their actions in context. It seems that so many of their solutions are the textbook type when we are not living in times that have ever been played out in any textbook. The economy has completely morphed and we need solutions that address this new economic genre not solutions from 100 years ago.
The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
Tweet This