I’ve been inundated with questions from readers about what’s going on in the markets right now. So I dedicated this week’s issue of Money and Markets to answering some of the most burning questions I’ve received.
Everything from where I think gold is headed now that it’s broken above my key resistance level, to what the action in the dollar means, to my thoughts on oil, the Dow and Asia.
You can read this issue of Money and Markets now by clicking here.
More on this topic
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Roubini: Oil To Drop $50, Gold Has Nowhere To Go, Huge Bubble Being Created Will Crash In An Ugl...
(Shocked Investor, 10/23/09)
The Oil Industry: We’re a Few Months Away From $100 Oil, Here Are Three Ways to Profit
(Investment U, 11/13/09)
Gold Could Take A Breather; Where To Place Stops
(market folly, 11/12/09)
Why Gold Will Reach a Record $2,000 in 2010
(Money Morning, 11/19/09)
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{ 4 comments… read them below or add one }
Larry,
I certainly hope you’ve seen this opinion about the state of China.
Inside China - a sculptor’s view
http://globaleconomicanalysis.blogspot.com/2009/02/inside-china-sculptors-view.html
Larry Edelson Reply:
February 24th, 2009 at 4:03 pm
Susan, there are no doubt, problems in China. However, they are widely overestimated. Ask yourself the following question: Why is the Shanghai Composite Index up 45% from its lows and the best performing stock market in the world over the last three months? Granted, three months does not make a trend. But the Chinese economy is much more resilient than most would like to believe, and the performance of its stock market is a leading indicator that either A) the economy has already bottomed, or B) has not bottomed but is stronger than others on a relative basis. I believe it’s the former. But even if I’m wrong, it’s clear to me that China is outperforming other markets.
Did you see Van k.Tharp’s article “There is danger in holding ETFs longterm” ? He said GLD cannot guarantee the actual existence of the bullion they claim to hold.He goes on to say, ” 1. This information was first pointed out to me in an article written by Dave Kranzler posted in a blog: http://www.rapidtrends.com.” He says the banks may not even know how much of their gold is “paper gold”.
Larry Edelson Reply:
March 2nd, 2009 at 10:40 am
There are risks, yes. However, I deem the risks in the GLD to be relatively small compared to the disadvantages of holding large amounts of physical gold by oneself.