Newt and Mitt: Brothers in Flop
My favorite parts: Gingrich on Libya, Romney on everything.
Jesse’s Weekly Gold & Silver Charts
When nothing seems to help, I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before.
Jacob Riis
Gold had another up day with stocks, as it was ‘risk on’ with renewed hopes for fresh infusions of liquidity as we saw from the Bank of England.
I tended to view this action as more ‘technical’ than fundamental.
I don’t like the headline correlation between stocks and the metals like gold and silver which would normally function as a safe haven in a time of increased risk.
Notice the new lines of broad support and resistance levels on the gold chart. We have not yet broken to the upside, so caution is advised.
Guest post from Jesse’s Cafe, Oct 6 2011. Re-published with permission. Visit Jesse’s blog here.
Jim Rogers: We’ve Had One Lost Decade Already, Will Have At Least One More
In this interview via Reuters, Mr. Rogers talks about his desire to short treasuries (eventually), which he says will be “one of the great shorts of our time”. Also discusses why he’s currently long the dollar, and why the world needs a “controlled disaster” before something much more volatile inevitably occurs.
h/t Silver Doctors
Schmoke and a Pancake?
I love GOOOOALD. At $1892. Let’s see if they try’n step on it. As in the past, such an event would likely prove to be a great buying opp.
