Suki Cooper on Gold

Having come across the name Suki Cooper many times in the last year or so while reading what investment banks have to say about the gold price and, being a fan of HBO’s True Blood, it was kind of interesting to see what someone named “Suki” actually looked like.

The Barclay’s analyst makes the same points that gold market naysayers were ignoring last month – that none of the underlying factors that drove the gold price to its 2011 heights have gone away, most importantly strong physical demand from Asia and real short-term interest rates that will be negative for years to come.

Tagged with:  






Here’s a ginormous infographic from numbesleuth.org with all kinds of interesting details about the barbarous relic gold that, suddenly last week, seems to have come alive again after limping to the finish in 2011 (click on the image to enlarge).

All The World's Gold
From: Number Sleuth

Tagged with:  

Rising Debt and the Rising Gold Price

Now, here are few data series that I’ve never seen on the same chart before – U.S. debt, the debt ceiling (just for fun, apparently), and the price of gold. This is from a presentation yesterday by Nick Barisheff, President & CEO of Bullion Management Group, at the 2012 Empire Club of Canada Investment Outlook Luncheon.

Perhaps today, gold is acting more like a hedge against debt than inflation…

Nick’s presentation “Why Rising Debt Will Lead to $10,000 Gold” can be viewed at YouTube here and is available for download here.

Tagged with:  

Psychoanalyzing the Gold Owner

David Tuckett, a professor at the University College London and a former president of the European Psychoanalytic Federation talks about what makes people buy and sell gold, via this story at the Wall Street Journal.

As far as I could tell, the comment below does not appear in the video above. Nevertheless, it was seen as a fitting conclusion to the WSJ piece:

“It is all about what stories are believed today, and today, while it belies any sort of commonsense that gold is worth twice as much as it was two years ago, this is what people are believing in.”

Why does this defy common sense? Credit markets around the world are a complete mess in the aftermath of the worst financial crisis since the Great Depression and the only solution policymakers can come up with is to print trillions more dollars of paper money.

I’m not sure what’s more fascinating to watch – the 11-year old gold bull market that has seen the price more than quintuple or the reaction to it by the mainstream media.

Soros: Gold on the Brink of a Bear Market

Bloomberg reports that billionaire investor George Soros, who sold nearly all of his gold holdings in the first quarter and then repurchased some in the third quarter, thinks gold could be about to enter a bear market.

Of course, this just might be another case of “talking your book” since, after Soros exited his gold position, he used a large portion of the proceeds to buy gold stocks. Even after its recent swoon, gold bullion has gained more than 10 percent since the first quarter, while, over that same period, gold stocks have lost more than 10 percent.

Tagged with:  

Fear and the Gold Price

The Economist has a set of nine charts that depict what happened in financial markets in 2011 as part of their Daily Chart section today. Below are the last two in the series showing the S&P500 Volatility Index atop selected commodity prices.

Clearly, there’s a pretty good correlation between volatility in U.S. stocks and the gold price, but, as shown above, the former follows the latter – maybe not what you might think at first. Most of the other charts are related to the global economy, credit and currency markets where there are no doubt more relationships to explore, such as the coincident peaks in late-April for the euro and oil (and silver).

Tagged with:  
Page 3 of 3312345102030...Last »
© 2010-2011 The Mess That Greenspan Made