Tweet
http://news.goldseek.com/CaptainHook/1171987650.php
Why is gold rising? Answer: Because the Fed has no choice but to inflate or die. And according to Peter Schiff we are coming ever so close to a crisis in this regard, one that will level many portfolios of naïve investors. What’s more, one should see no coincidence then in the fact John Hathaway, who manages the Tocqueville Gold Fund, thinks we are very close to a re-pricing of gold as well. Here is a clip from his recently published thoughts on the subject, as follows: "The next leg of the gold price will likely say more about the under pricing of risk than the traditional drivers of the metal such as inflation, deflation or geopolitical events. We believe that gold rising against economically sensitive commodities will signify that a general reappraisal of risk is underway.” And of course we know gold is rising against the larger commodity complex from last week’s commentary.
In terms of the messages provided above, I could not have written the words better myself, so I didn’t even try. And as you know, I have been on this page for some time now, with my ‘big picture’ views most recently summarized in last week’s commentary (attached above). Just to recap things for you briefly, and in borrowing a little help from Jesses for the purpose of rounding out more comprehensive big picture view that supports the hypothesis stock markets are also approaching a re-pricing point, one that is (also) commensurate with a growing appreciation of risk, we have the following:
In terms of the messages provided above, I could not have written the words better myself, so I didn’t even try. And as you know, I have been on this page for some time now, with my ‘big picture’ views most recently summarized in last week’s commentary (attached above). Just to recap things for you briefly, and in borrowing a little help from Jesses for the purpose of rounding out more comprehensive big picture view that supports the hypothesis stock markets are also approaching a re-pricing point, one that is (also) commensurate with a growing appreciation of risk, we have the following: