Which way will it go?
Posted on Tuesday, May 13th, 2008 | In Current Market News, Stocks to WatchDollar’s bouncing a bit, yet oil remains at record highs. Gold is consolidating, getting ready for its next move. Which way will it go? Meanwhile, the DJIA has held my major support level at 12,795. Could stocks start to play catch up with other inflating assets? After all, US stocks in general have already been in one GIANT STEALTH BEAR market, losing more than 75% of their value in real terms in the last eight years. On a separate note, I received a question yesterday about the Great Depression and whether or not I thought the gold standard back then contributed to the depression. My answer: Absolutely! The gold standard prevented Washington from pumping out money and credit. They were handcuffed by the gold standard. Today, they are no longer tied down by a gold standard. So they are free to create money and credit at will. That does not mean we can’t have a depression. It merely means that instead of if it being a deflationary depression, it would be the opposite, an inflationary depression. Comments?
Last 5 posts by Larry Edelson
- Chinese Researchers Confident of 8% Growth - January 7th, 2009
- China Accelerates Filling Up Its Oil Reserves - January 7th, 2009
- Cautiously, Steelmakers Raise Prices, Reopen Mills - January 7th, 2009
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
- Real values ... real opportunities ... and real money ... - December 12th, 2008
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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