Yes, now the next rating agency has decided to downgrade Greece. Not to say that one should not downgrade Greece. "The government remains committed to the implementation of the reforms announced…and will intensify its efforts to restore the viability of fiscal and economic trends in Greece," the statement said. We shall see… But what gets (more…)

Let’s go through my 2009 predictions and see how they did. Land of Perception: Ok this is dead easy, yes I was right. The bears could not believe what was happening and if there ever was a rally that had so much negativity this year was it. You only need to read the bloggers; Peter (more…)

Ray made the following comment: This type of commentary cracks me up, do you retract it if gold is up on Monday? I personally believe it’s crazy to be putting money in stocks or thinking the dollar will rebound but I don’t jump off a cliff based on each single days activities or call people (more…)

I have heard from friends and colleagues about our vote. You know the vote against Minarets. What is interesting in this vote is that right parties in Europe congratulated Switzerland. Muslims are angry, and the debate goes on. But what I wondered is how come? Why did the vote go through? It seems and this (more…)

My oh my Peter, on the 24, Wednesday of this month you said “don’t worry [about gold] they will be stampeding out of paper and the US dollar.” He then went on to say, “You talk about a flight to safety for the dollar, I don’t think people will make that mistake again.” Oh really (more…)

So I read on how the emerging world could suffer because of Dubai. Throughout the year there has been an increase in general risk-taking, but investors need to start being "more discriminating," the broker said. It highlighted high yielding local currency markets such as Brazil, Indonesia, Hungary and Poland as among the most crowded along (more…)

Oh yes, sell, sell, sell…  Why? Because Dubai is collapsing and so will everything else. YEAH RIGHT! Dubai is irrelevant folks! The middle east is only relevant from an oil perspective. And that right now they are going to need to sell quite a bit of it. But hey they owe 40 Billion Euros, right? (more…)

For entertainment purposes: 🙂 and… and… finally..

I cracked up laughing when I heard this. There is not enough gold to go around and we have hit peak gold. You mean there is not enough gold to go around to bunker and do nothing with? This was on CNBC and the commentator himself said, “all of the gold that has ever been (more…)

In 2007 I wrote a blog entry entitled “Who Shives a Ghit About Global Warming.” In that blog entry I did not deny that there was a problem. In fact not disputing that at all. I just pointed out that NOTHING will happen and that we should be doing something about the ramifications of climate (more…)