Back from Florida
Click download link to listen on this device: Download Show
Awesome to have rick back. I think he is impressive. Thanks rick
He went to Florida to visit his mother.
I agree. Glad to hear Rick’s voice on the daily editorial. His insights are always valuable and balanced.
Ditto Derek. Off message Syriza’s chances of winning greater by the hour. Ordinary (middle class) Greeks want to throw out the oligarchs who are leaving many of them destitute and/or suicidal. Grexit will be another black swan, bigger than the Swiss decoupling.
OK, so what happens to PMs when that happens?
They go up sooner rather than later bb.
well, they beat gold down to 1285….bounced back …..1294,,,,STILL IN GOOD SHAPE.
Jerry….Gold is very healthy right now….Unlike the US dollar which is in intensive care right now , that’s why its getting so much attention right now.
IRISH…………….I believe you are correct.on the health of gold…….
instead of watching gold in dollar terms……I have been watching gold in other currencies……………….I think Kerby was correct in Dec, concerning the spot price being much higher in other countries outside of the USA…………….JOOTB
I think you mean the Euro Irish.
Gold in $CDN : +17% in the last 3 weeks.
Gold in $AUS: +12.7% in the last 3 weeks.
Gold in GPP: + 12.6% in the last 3 weeks.
As the price of gold has gone up from $1300 CDN to $1620 since mid-November -nearly 25% in a couple of months- it is clear that gold is rising against all Central Bank fiat currencies now.
The Federal Reserve Liability Note has seen gold rise from $1140-$1300 since November ,despite the ongoing efforts against the Euro .
It’s a great story but it does not do a damn thing for you if you are buying and selling in your own currency which for most people here is USD. So you need a breakout in dollar terms or it has no meaning. Maybe you will get it this year….and maybe not.
NO….I meant the $US…But I take your point about the EURO….Its just the point is the Dollar is getting better treatment.
Cory, just because the FOMC said QE has ended, who really knows. No one sees the Feds book as well as no one sees what’s left in Fort Knox, Denver and West Point. Does anyone talk about the 16-18 trillion line of credit extended to the ECB back in 2008 by the FED, and what is the state of that account.
The confidence game is over. Now it is rule by forceful means.
Thanks for comments, Rick. It is kinda nice to know that I am not the only one struggling to stay on board…
NICE thoughts on the dollar…………..thanks………..