- GOLD has broken the highs again and on Wednesday traded as high as +$13 dollars for the week, before selling off Thursday…
My sense here is that Gold has been money (REAL money!, not like the US dollars that we just simply print billions of each week, with what I have no idea what backing them?) for over 5000 years and when there are times of disaster and maybe INFLATION (I know they took food and energy out of the "inflation numbers" years ago, but I still don’t understand how or why? I still use food and energy and I am pretty sure others do so why delete those two items and bury your head in sand to look at prettier numbers?) people tend to want to own something that has had a real "shelf life" or that’s at least the way I am seeing it.
Also, Gold did have about a 25 year long Bear market and is up around 200 dollars over the last few years (they would be having those CNBC parades like when NASDAQ hit 5000 if that were in the stock markets) and no one really is talking about much, so probably still higher prices ahead.
- STOCKS/RELATED INDEXES I have to tell the truth I barely looked...
I did notice that the S&P 500 is almost unchanged for the year as we approach the end of the third quarter, I stand my previous stance in the daily "Market Updates" that simply buying 3 month T bills (with majority of investment capital) and collecting something towards >3% without the risks was the prudent move.
Also, I found the below page in a book I was reading over the weekend that shows that the US equity markets do find windows of nothingness and the "impasse" of this tug of war between the bulls and bears I kept looking for to end in the "old Updates" could go on till???
Bottom line here is stocks/related indexes are DEAD!!! They simply have NO % movement to trade in any meaningful direction and I still feel the second leg of the Bear market will come someday and then there will have been opportunities, but why waste time waiting when there are things happening daily (huge % moves) in other vehicles???