18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,347 Blog Posts

Market Weakens — But Gold Emblazons Higher

You cannot stop the reprobates from dragging us into yet another bull market in gold. It will be unbearable and you’ll learn to hate Peter Schiff, as all previous generations have for the past 30 years or so.

Markets have reversed early gains and are now weakening. What does that mean for equities?

Not much…yet.

I view this sell off or weakening as an opportunity to buy into an up channel that is not done going higher. In the event markets should continue down to, let’s say, $170 — buy with both hands.

In the meantime, we have a grande bull market in gold, which is the beneficiary of some old fashioned asset allocations at some of your finer hedge funds. People know, inflation is just around the bend — hiding in the bushes — eagerly awaiting to jump out at you and snatch your necklace with zeal.

Hard money assets are an appropriate way to store value — that an art. Go buy some fine art.

If you enjoy the content at iBankCoin, please follow us on Twitter


  1. calculater

    Does anyone have any thoughts on the Fed minutes and how it relates to gold?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. numbersgame

    The FED minutes:

    1) they may still raise interest rates this year, but probably only once or twice (note Texas Roadhouse stating that they will be raising prices in response to highe labor and food costs, ie, inflation)
    2) They want to stop reducing the Balance Sheet this year
    3) Even after the end of Balance Sheet reductions, the FED will stop buying MBS’s and instead convert their Blacance Sheet to Treasuries as the MBS balance drops.

    • 0
    • 0
    • 0 Deem this to be "Fake News"