Kitco Essay – The New Abnormal
Kitco Essay
Roger Wiegand 3-4-11
Commentator’s Corner
The New Abnormal.
Why Gold And Silver Will Diverge From Most Other Markets.
Analysts and traders have been watching precious metals closely in recent years wondering when and if the metals would separate from the trading influence of the broader stock markets. We’ve noticed a very gradual departure on the edges. It has been so gradual most would not notice it. We see it in several connected markets during rallies and sell-offs and in other related markets signals-indicators.
Will we get a fast break-away or, will the gradual approach prevail? I suspect a hard breakaway arrives when the broader global stock markets take a hard tumble. However, between now and then there could be many more months of required trading to settle this idea within the psyche of trading and investing minds.
Understand that most participants in global markets still believe in the old paradigm of fundamentals. They are believers in buy and hold forever and follow the New York investment community’s mantra as their Washington government lapdogs work in concert to “Keep The Big Game In Play,” encouraging all, that (current upsets) this too shall pass.
We don’t think so. And, with the new spreading violence in the middle East followed by subsequent rising energy prices, the “New Normal” or, should we say the “New Abnormal” has arrived and its not leaving any time soon.
“If the US Government and their counterparts in other nations would write-off ALL the bad debts, cut government spending in half and dramatically reduce taxes for all to just 10% of net for companies, and 10% for the Sheeple, then the entire world would quickly turn around creating a boom.”
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Larry says:
Rog, this article was a well thought out presentaion of the world and the US economic situation confornting all of us for the near future. Thanks for the great understanding you have and the ensights you give us all. We can act on it or turn our heads.
Tommy John says:
Last week Trader Rog was spreading rumors about gold confiscation. This week it’s Armageddon. You’re preaching to the choir, Trader Rog. Anyone with half a brain knows what’s coming. May I suggest you man up and purchase an AK-47 & 2,000 rounds of ammo. When TSHTF join the rest of us on the streets and be willing to die for the country that’s been so good to all of us.
bentnail says:
TOMMY JOHN: You bonehead!!!
Dan says:
Yep, we’re all so smart after we’ve heard things laid out in a clear and concise manner, and then we think we knew it all along. Ahh, mankind is a humorous character. Be thankful TJ that we have people like Trader Rog and Al to work through the massive amounts of data, info, etc.. and are able to distill it down for people like you and I. We’re all smarter after the facts, but don’t denegrate the means by which wisdom is distilled! In your criticism don’t forget to be dignified and gentile. Youth’s energy is wonderful, but needs a strong rein of temperament.