by Howard Katz | Jul 6, 2010 | Howard Katz
This past week was a scary time for gold bugs. But do not be afraid. I am going to look into the future and tell you what is next in the gold market. Last week we studied the art of speculation and concluded that speculation was a zero-sum game. For every dollar...
by Howard Katz | Jun 29, 2010 | Howard Katz
After the great gold bug victory of the 1970s, the economic establishment had been humiliated and disgraced. This was because none of them knew any economics. They all had gotten their fancy titles and positions by apologizing for the bankers’ privilege to create...
by Howard Katz | Jun 21, 2010 | Howard Katz
Each commodity and each economic good has its own characteristics, and before you trade any market seriously, you should stick your toe in the water, so to speak, (meaning to trade at a level you can afford). In this way, you can acquire knowledge of the...
by Howard Katz | Jun 7, 2010 | Howard Katz
Playing the markets is not an easy occupation. One normally thinks that it involves buying at the bottom and selling at the top. But in fact, one must make a new decision every trading day. We had a good illustration of this on Friday, June 4 when gold plunged sharply...
by Howard Katz | Jun 1, 2010 | Howard Katz
All gold bugs have fond memories of the year 1979. In that year, the price of gold rose from $250/oz. to $600/oz. The reason was not hard to find. Prices in the U.S. that year rose by 13.3%. The newspapers were screaming, “Double Digit Inflation.†Gold was going...
