I AM THE GREATEST

To be completely honest, it is not me who is the greatest. Of course, it is Mohammed Ali who is the greatest. And I may not even be the greatest economist. That honor has to be shared with those few gold bugs who foresaw the break above $1,000 and who kept their...

A New Way to Value Gold

Within the context of the current economic crisis we have often heard about the flight to quality and safety assets, with gold being discussed as one such asset. Gold, the argument goes, is the best asset to protect against inflation. While this may be true to an...

UNEMPLOYMENT

Gold made a quick dip to the $990 area on Friday and then whipped around to close above $1,000. We cannot completely rule out one final pull back to $960. However, the U.S. dollar is in free fall. So any dip in gold will be very brief. Just above, at the $1025-$1030...