Is gold still in a bull market? Reggie Middleton Interviews GBI: Gold Bullion International part 3 of 5

gbi-_gold_bullion_international

I interview a unique firm located on Wall Street that allows investors (retail & institutional) to actually buy, sell, trade and store physical gold in the investor's own name. This is part three of a five part series.

Previous interview segments:

  1. Trading Physical Gold As Easily As You Trade Stocks…

  2. Trading Physical Gold vs Investing In A Physical Gold Trust …

Published in BoomBustBlog
Tuesday, 20 July 2010 03:21

Is It Time To Short GOLD???!!!

I remember ten years ago I jumped in a cab headed downtown (NYC) and the cab driver (a newly minted immigrant from central Asia) and I struck up a spritely conversation after his asking what I did for a living. He then gave me some highly coveted, yet quite unsolicited advice. He told me to "... buy Yahoo stock. It was going to go much higher!"

Well, believe it or not he actually enriched me with that conversation (or more aptly put, allowed me to keep a few pennies). For the price of a 10 minute NYC cab ride and a tip for the conversation and advice, I was able to go home, sell all of my Yahoo positions, and watch Yahoo stock, the tech sector, the Nasdaq and the entire US publicly traded equity market crash like a student drive behind the wheel of a Dodge Hennessy Viper topped off with a few cannisters of NO2 after binging on Jägermeister at a college frat party!

The flier below (and several like it) has been making its rounds through the blue/pink collar email circuit. That's right, now we're having "gold parties"! The gold bugs version of a Tupperware party.  I query, pray thee tell... "Is it time to SHORT GOLD?"

Published in BoomBustBlog

Last week I reposted "Deflation, Inflation or Stagflation - You Be the Judge!"on a couple of other blogs and it got the gold bugs acting awfully Daffy Duckish! First an excerpt from last year's post...

In continuing the rant on the possibility of the US entering a stagflationary environment, as was hinted by Alcoa's quarterly  report (see "Is My Warning of the Risks of a Stagflationary Environment Coming to Fore?"), I have decided to graphically illustrate the historically most successful inflation hedges. Click graphic below to enlarge.

inflation_correlation.png

For those "gold bugs" who have never ran the numbers, gold offers less inflation protection than your house does. The same goes for WTI crude and probably most other categories of oil.

Now an excpert of the Donald Duckish behavior. Notice the Regulator in the blue hat, the Gold bugs as Daffy Duck, and Reggie - represented by my man, Bugs!

http://www.youtube.com/v/XWHGCFeaohA&hl=en_US&fs=1&color1=0x234900&color2=0x4e9e00

 A few more facts to munch on:

image008.png

Click this one to enlarge in order to get a better view.

image001.png

A different perspective

image005.png

http://www.youtube.com/v/fu92wc7IQl0&hl=en_US&fs=1&

Last week I reposted "Deflation, Inflation or Stagflation - You Be the Judge!"on a couple of other blogs and it got the gold bugs acting awfully Daffy Duckish! First an excerpt from last year's post...

In continuing the rant on the possibility of the US entering a stagflationary environment, as was hinted by Alcoa's quarterly  report (see "Is My Warning of the Risks of a Stagflationary Environment Coming to Fore?"), I have decided to graphically illustrate the historically most successful inflation hedges. Click graphic below to enlarge.

inflation_correlation.png

For those "gold bugs" who have never ran the numbers, gold offers less inflation protection than your house does. The same goes for WTI crude and probably most other categories of oil.

Now an excpert of the Donald Duckish behavior. Notice the Regulator in the blue hat, the Gold bugs as Daffy Duck, and Reggie - represented by my man, Bugs!

http://www.youtube.com/v/XWHGCFeaohA&hl=en_US&fs=1&color1=0x234900&color2=0x4e9e00

 A few more facts to munch on:

image008.png

Click this one to enlarge in order to get a better view.

image001.png

A different perspective

image005.png

http://www.youtube.com/v/fu92wc7IQl0&hl=en_US&fs=1&