Nouriel Roubini on Thursday 1 September issued a statement that the United States won't be able to avoid a second recession,also that gold is in a bubble.
The markets that were wobbly then fell further on this observation .I agree with the first obsevation as their politicians are proving that they are spineless and are only interested in re-election.As Ben Bernanke said their reserve bank can do so much more if the Fed had support from their government.Their polititians must be prepared to "bite the bullet" and do whats best for their country by increasing taxes whilst cutting social services,except for the very poorest.This is one weakness of democracy.I hope our own government will also take steps in the same direction.Socialism in any form has proved a failure so taxes should be broad based such as sales taxes.
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Gold, Platinum
So gold might be in a bubble,according to
Roubini.So what!I have been a trader for a long time and gold and platinum is the only thing the ordinary person can buy and keep to offset the inflationary environment at the moment as governments try to get out of their messes by printing paper money with little or no backing!
This is not a bubble that will break any time soon as gold has only kept up with inflation over the last twenty years.A good sign that it is not overvalued is the physical Indian marraige season now in full swing as they scramble to buy as much gold jewellery as they can.In the past when they don't buy and rely on heirlooms then we know it is overpriced as has happened in the past.They are very canny gold traders.
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Gold and Platinum prices are going up in tandem at the moment
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ALERT NO 1 and 2
SPRING COMMENT PAGE 3
SUMMER COMMENT PAGE 4 (NEW LIST)
SPRING COMMENT PAGE 3
SUMMER COMMENT PAGE 4 (NEW LIST)
ALSO
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Naomi has updated her Stoch mid month blog
Naomi has updated her first Stochastic Analysis for September ,see links to other sites above for a direct link and her resource blog on her second page
AND SEE OUR LIFESTYLE LATEST BOOK OFFERINGS FOR A HEALTHY BETTER LIFE .LINK ON LINK PAGE
AND SEE OUR LIFESTYLE LATEST BOOK OFFERINGS FOR A HEALTHY BETTER LIFE .LINK ON LINK PAGE
