NOW TRENDING Recovery of Platinum Group Metals and Chrome picking up !

------------------------------------------------------ UPDATES : -              My specialist lists for September,see side bar   and summer...

About Me

Retired but always looking for new challenges.

Thursday, September 1, 2011

September Update

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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Do use labels to cluster subjects that you are interested on the left hand side side column at the bottom of this page


   UPDATES FOR SEPTEMBER 
ALERT NO 1 and 2 
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

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