Archive for November, 2008

DE-flation: Nationwide Gas Price Drops Below US$2.00

Say WHAT?  “DEflation”??  But, Jay, you’ve always been talking about “INflation”… what happened, you ask?  Well, the following have happened:

Credit freeze and resultant lack of liquidity is significantly hindering world commerce.

All Central Banks around the world are cutting interest rates… interest rates are cut to fight deflation, not inflation.

U.S. is in a recession… consumers are not [...]

Nov 26, 2008 | 2 comments | View Post

Gold Is Trying To Bottom

Richard Russell
November 10, 2008, DowTheoryLetters.com
The hedge funds don’t buy or own actual gold coins or bullion. If a hedge fund wants to take a position in gold, it will buy GLD [gold exchange traded fund I've highlighted in past reports] or “paper gold” which can be quickly bought or sold. The hedge funds have for the most [...]

Nov 12, 2008 | 10 comments | View Post

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