Gold vs Dow - Here's in intereview of Ron Rosen by King World News. Everything in nature moves in cycles, that includes stock markets and gold markets. We've talked about this before in other posts. Acording to his decades worth of study in economics, Rosen noticed a 13 year cycle. Every 13 years the S&P 500 hits a 13 year high, and gold a 13 year bottom. This happened in 1974, 1987, 2000 and is happening again today, in 2013.
Gold as a Forex Currency - FOFOA gives us a a look into the largest market in the world. Nevermind the oil market., let looks at the OTC derivative markets in gold. Specifically, lets look at a side of the paper gold market that is not discussed very much by anyone. Futures, options, Comex, GLD, all these other paper gold markets are side-shows for what happens in paper gold on the Forex. So let's look at what FOFOA can tell us about what happens in the gold market on the Forex.
Here is a two-part post from Hugo Salinas Price explaining gold's central role in economics. Just like the sun is the center of the solar system, gold is the center of the economic system. Just because gold has not been used as currency very much in recent history, does not mean it has not been money during that period. Gold is money, it has been for thousands of years, and will continue to be money for a few-thousand more. Read more about Long Bond Breakdown, Gold Bull
I recently read a piece, " On the Problematic Political Authority of Property Rights: How Huemer Proves Too Much," on the Bleeding Heart Libertarians blog. The author, Kevin Vallier, praises Huemer's book, The Problem of Political Authority, as the most persuasive book on market anarchism ever. However, Vallier claims that Huemer proves too much in that his criticisms of arguments that attempt to justify the state would also invalidate arguments in favor of property rights. He state his thesis: Read more about What Justification Do Property Rights Need?
I was surprised at how quickly he tossed away utilitarian considerations: Read more about How Rich Could We All Be?
An Interview of Antal Fekete by the Daily Bell. Fekete talks about why the price of gold in currencies is decreasing, and headed for extinction, instead of $5000+. He says that long before the price reaches those heights, gold will stop trading on the open market. It will only be available privately, via barter, also known as the Free Market, and it will only be available at the real price. It will not be available at the artificially low prices created by the Central Banks and their Cronies at Goldman and JPM. Why? Who will sell at that price? Read more about That Which is Caesar's
Language is the key. Words are merely sounds or methods of communicating concepts and ideas. Confusion happens when words are used to convey a concept and we are not in agreement on the definition of the concept. That's why in Law, older law dictionaries are preferred, such as Black's 1-6 for example. The definitions haven't been bastardized nearly so much by the Status Quo, and their deliberate hijacking of language and education. Read more about Memorandum on Economy & Money
The only reason people think so is because that is how the debate is framed in most circles. My local newspaper provides a quick example of this when it titles an article, "Help smokers, overeaters - or let them die?" (or at least that's one way to phrase it; this link titles the same article differently, but with the same ideological conclusion: "Analysis: Is it fair to penalize smokers and overeaters? Yes, say experts. Here's why"). Read more about Health Care Is Not a Public Good
Many people were disappointed with how Barack Obama didn't substantively change George Bush's foreign policy, war on civil liberties, and zealous pursuit of the drug war. I wasn't. I never believed that he would change any of these things. And yet he is reelected. No doubt this is due to how the electoral system is structured, ensuring that only those with establishment approval ever get close to being elected chief executive. That he was reelected is not as puzzling as why many of those he disappointed still support him. It is not the case that they felt they were simply choosing the evil that they knew (indeed, the video below shows they did not know) over the evil they didn't. Rather, they were exposed to the evil and yet supported it anyway.
Here's a little addition to yesterday's post.
Here's a report by Eric Sprott and Davis Baker on western CB gold. By simple process of elimination, they are the only holders of physical that could possible mobilze the kind of volume that has been imported by Read more about Supplement to Yesterday's Gold Post