End of the Year Gold Chart and Video Mosh Pit!
Source: http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold/0/0/end-of-the-year-gold-chart-and-video-mosh-pitPosted on Wednesday, December 31st, 2008 | In Energy Markets, Gold Markets
Is your 2008 going out with a bang, or slouching toward the exits? Here’s a chart for those who like a golden end to the year …brA href=http://stockcharts.com/h-sc/ui?s=$GOLDp=Damp;st=2008-01-01amp;id=p71883825505amp;listNum=10amp;a=157883026img style=WIDTH: 480px alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/commodityandbonds.png _width=75 _height=75/AbrThis compares gold (green line) to silver (blue line), the Samp;P 500 (black line), oil (red line) and the TLT bond fund (pink line). Obviously, bonds got the better of 2008. But what will happen in 2009? That’s the real question.brbrHere, in my latest web-cast, I try to answer some of those questions in A href=http://www.moneyandmarkets.com/MAM-TV/mam-tv.htmlstrongmy latest broadcast for MaM-TV/strong/A. Those are my answers. What are your answers? There are plenty of answers around, but the trick is asking the right questions.brbrHere are some other things to think about.brbrFirst of all, the A href=http://www.reuters.com/article/businessNews/idUSTRE4BT55Y20081231strongFed is going to buy $500 million in mortgage-backed securities /strong/Aby the middle of 2009. Will that finally unstick the frozen mortgage markets?brbrMoney is tight. A href=http://www.mcclatchydc.com/251/story/58760.htmlstrongCalifornia is going to start paying bills with IOUs/strong/A. But there’s A href=http://www.mcclatchydc.com/251/story/58733.htmlstrongone group that is still getting a raise: Congress./strong/A Members of Congress are giving themselves a $4,700-a-year pay raise starting Thursday.brbrMeanwhile, A href=http://www.nytimes.com/2008/12/28/business/28wamu.htmlstrongthe New York Times details how Washington Mutual built an empire on shaky loans/strong/A. At least one of the loan supervisors did his job fueled on crack cocaine. I believe it. We bought a house with a WaMu loan about 7 years ago. They did such a bang-up job — they assessed the WRONG HOUSE. They delivered a report in which our house backed up to a street and had no pool — our house actually has a pool and backs up to a preserve.brbrHow could they miss so badly? Maybe the clue is that the company that built the housing development we live in changed the street names in the middle of the project. On Google Earth, the streets still have the old labels. So, my guess would be the folks at WaMu looked at our street and our house on Google Earth, made a back-of-the-envelope guestimate, and voila — job poorly done.brbrThe Financial Times reports that A href=http://www.ft.com/cms/s/0/7b886520-d6a2-11dd-9bf7-000077b07658.html?nclick_check=1strongmoney is flowing out of hedge funds at a record rate/strong/A. The FT reports that Investors pulled a net $32bn from hedge funds last month, making 2008 the first year in their recorded history that the funds have had significant outflows and ending the industry’s 18 years of asset growth.brbrMeanwhile, I’ve been getting death threats. We all have — the latest round of dire warnings about how the earth will end. Some say a long-dormant sA href=http://www.dailykos.com/story/2008/12/30/113853/37stronguper-volcano in Yellowstone National Park/strong/A will do us in. Competing with that is a A href=http://discovermagazine.com/2008/whole-universe/30-how-a-cloud-of-dust-could-wipe-out-life-on-earthstronggiant dust cloud in space /strong/Athat could wipe out life on Earth. The icecaps are melting fast, and a sudden melt could cause a huge A href=http://www.thestar.com/news/article/552439strongand sudden rise in sea levels/strong/A. And then there’s the old standby, A href=http://www.youtube.com/watch?v=-zvCUmeoHpwstronga giant asteroid hitting Earth /strong/A(now with Pink Floyd soundtrack!)brbrMy answer to all that …brbr
brHave a happy New Year, try not to worry too much, and I’ll speak to you in 2009.brbr
Last 5 posts by Sean Brodrick
- The Golden Phoenix - February 25th, 2009
- Blessing in Disguise - February 4th, 2009
- What I'm Reading Today - January 7th, 2009
- Gold and Oil Short-Term Trends - January 7th, 2009
- Is Gold Poised for a Pullback? - January 6th, 2009
Congress, Energy Markets, Financial Times, Floyd soundtrack;, Gold Markets, google, http, MAM-TV;, New Year's Day, New York Times, Oil, Pink Floyd;, USD, Washington Mutual, Web Cast, www.nytimes.com/2008/12/28/business/28wamu.htmlstrongth, www.nytimes.com/2008/12/28/business/28wamu.htmlstrongth, Yellowstone National Park
 About Sean Brodrick (http://blogs.moneyandmarkets.com/blog/red-hot-energy-and-gold)
Sean Brodrick joined Weiss Research in 2000 as an analyst, bringing more than 25 years experience as a journalist and financial analyst to the position. He is Weiss Research’s small-caps specialist, especially in natural resources, and is the editor of the company’s Red-Hot Canadian Small-Caps, as well as a regular contributor to its daily e-letter, Money and Markets. Previously, Mr. Brodrick was the investment director of The Sovereign Society, the world’s leading publisher of offshore asset protection strategies and global investment opportunities. Recognized for his expertise on natural resources and Canadian and Australian investment opportunities, Mr. Brodrick has been featured on many financial talk shows, including CNBC Squawk Box, Fox Business, CNN, The Glenn Beck Show, Your World with Neil Cavuto and Bloomberg Market Line. He is a weekly guest on Market Matters Radio, a contributing columnist to MarketWatch.com and a frequent commentator on one of Canada’s premiere financial websites, HoweStreet.com. His report, “70 Days to Empty,” has garnered acclaim for its analysis of the forces pushing America toward its next oil crisis and was described by The Daily Reckoning as “the most important report you’re likely to read this year,” while his knowledge of uranium has helped investors earn solid gains on the commodity. Mr. Brodrick holds a B.A. degree from the University of Maine. |
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