Gold just broke through 1900 in London on global economic issues. It's at 1901, silver 42.85, platinum 1883 and palladium 763 with gold being the leader today. Note that the gold/XAU ratio is an extrememly high 8.53 as bullion is diverging from the miners. Gary always talked about looking for divergences to watch for opportunities. For the record, a ratio this high is a signal to buy mining stocks - or at least overweight miners vs. bullion in your holdings.
The gold/silver ratio is 44.36 with an historic range of between 15 and 20 . . .but it's down from 80 . . .
A ratio this high is STILL a signal to overweight silver relative to gold. BTW, the XAU is at 222.79.
Last Haven Standing - Shiffhttp://www.gold-eagle.com/editorials_08/schiff090211.html
I like some of Shiff's stuff but not all. Sums up a bunch before slamming Gartman for call a top in gold. feh. Most everyone has either denied or called a top or a bubble. Warren had a gob of silver back in the beginning but sold very early on and missed 90% of the gains. By this I mean that with a low around $4, he still sold around $10 or so, if I recall correctly and so more than double his money. That's great. Silver is currently at $42. Let's admit it, everyone has made mistakes, everyone. I've made some real idiot moves (e.g. Palatin Tech ) - we all have. We just have to try and learn and not do it again.
Can We Trust the Gov't Stats on the Economy - Dorschhttp://www.gold-eagle.com/editorials_08/dorsch083011.html
Hell, if you ever look at shadowstats.com, I believe we've actually been at zero real growth since the dot.com meltdown in 2000. Check the alt data tab. Unemployment is ~22% and inflation is now ~12%.http://www.shadowstats.com/
I'd be very, very careful good people. Very careful.
and so it goes,