I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only [...]

I really like your daily take on the markets and world issues. You have earned your stripes over and over. You are a statesman of the money world. I will see you on your next visit to Seattle. Stay safe, Mike Seattle, Washington  

I don’t just think he hates me, he truly despises me.  In fact, he does everything he can to put me out of business. Take yesterday, for example, when the Federal Reserve Open Market Committee gave me and my views a complete thrashing.  QE3 was the last thing in the world I was expecting because [...]

My friends in the gold futures puts have been telling me that the Chinese have emerged as major buyers in recent months.  Year-to-date imports have reached 458 tonnes, more than four times the amount during the same period last year – that amounts to $25 billion in real money.  This is on top of the [...]

“We don’t think the economy is going to be overheating anytime soon,” said Federal Reserve Chairman, Ben Bernanke.