Gary discusses the conventional markets and oil.
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No gold coverage? whaaaaaaattttttt!?
That’s a bullish contrary indicator, stewie. 😉 It’s also bullish that the riskier end of the miners are performing best today. GDXJ is up 1.7%; GDX is up 1.3% and SGDM is up .9%. It’s a good sign for any market when safety underperforms risky.
(Gold is the safest asset in the world, this is why it does poorly when the economic environment rewards risk taking/speculation like 1980-2000. It is also why gold has beat every other asset since 2000.)
That was interesting, GDX ended up in first place today.
Stewie
If you listen to a segment on KER and gold is not mentioned, I suggest that you just breathe into a paper bag for one minute. You will either be more relaxed or pass out. Both are positive outcomes. If the paper bag you were breathing into contains your lunch … better still.
lol
Great segment, thanks guys!
The strength in the dollar is I think related to US oil production as it was in the early 1980s. Strange coinidence? Both times US oil production has had a significant increase there were super dollar bull markets (in the USDX)
http://1000gold.blogspot.co.uk/2015/02/essay-on-gold-comparing-current-gold.html
still waiting for that gold bottom, was suppose to be last week, now this week. Oil was suppose rally once mid term elections were out of the way, did nothing but go down after republican win. Market insights or market guesses, suspect a lot of this is the latter