UNEMPLOYMENT (CONT.)

Some questions were raised by my article on unemployment of last week and so I want to continue the same subject. Unemployment has become the central issue of our day and perfectly illustrates the genius of Ayn Rand in putting the spotlight on altruism as the central...

Unemployment

Well, the train is pulling out of the station. Gold has said goodbye to the $1,000 level and is off for northern climes. It is not your last chance to get on board, but it is your last chance to get on board at these low, low prices. The hard analysis of the past few...

MUCH ADO ABOUT THE EURO

Part of the explanation for the Dec.-Jan. decline in gold is the attack on the euro which is now going on in the media. Indeed, the euro topped out very close to the exact day of the top in gold. The market is thinking: decline in euro = rise in dollar = decline in...

A BIG MOVE

There has been a sense in the gold market through the month of February that gold is going down, a sense of negativity and discouragement. Gold bugs are giving up and pulling out. The U.S. dollar index hit 81 on Friday. The Fed is tightening. “What more,” say the...

SAD

Below is a chart of the 30 year Treasury bond (future) as it is reported on all charting web sites: The chart does not seem to have a discernible pattern but rather to be what the random walk theorists believe – a meaningless collection of zigs and zags with no...