The Calm During the Storm
The stock market always seems to believe best and discount the worst. Any reprieve in bad news is taken as good news. Any good news is good news. No news is good news. Sometimes, even news that is bad, but not AS bad as expected is taken as good news.
Why U.S. Dollars Will Not Be Used as Firestarter
The Golden Barbell
I don't write this letter in a vacuum - thankfully my analysis and scrawlings are propped up and influenced by true giants in the commodity investing field. If you've been a reader for very long you probably know that I closely follow the work of the legendary commodity investor Jim Rogers.
Unfortunately, Jim doesn't have a daily blog I can peek at. But I've increasingly been looking at a semi-daily letter published by prognosticator and economist David Rosenberg of the investment firm Gluskin Sheff.
(You can sign up to receive Mr. Rosenberg's letter for free by clicking here now - I strongly recommend it.)
Though he's not specifically a commodity analyst, he's currently a precious metals bull, so I find myself agreeing with his analysis most of the time.
Mr. Rosenberg recently revealed an interesting strategy that I know some of you will be quite interested in.
Bernanke’s Apology Letter to America
What I do have is the letter that I would need to see him write in order to convince me to sell my gold and silver and hold dollars instead.
Seeing this letter is not the only condition under which I would sell my precious metals, of course, but since Bernanke is the dollar's Commander in Chief, he certainly has the sway to pursue the types of policies that would turn me dollar bullish.
Without further ado, here's the letter I'm waiting for:
"Dear America,
I'm sorry. I was wrong.
The hilarious thing about deflation
I've flirted with the idea of dedicating each Friday's edition of the Resource Prospector to more humorous topics. But it's tough to be appropriately reverent about something as serious as our money while at the same time being humorous.
And to be honest, not many of the current topics in the resource sector are especially hilarious.
For instance: there's currently some degree of argument over whether we're currently experiencing inflation or deflation. I can't think of a more non-funny topic. If they say that comedy = tragedy + time, or that comedy is tragedy that happens to someone else, then it doesn't seem like there's much opportunity for jokes. After all, deflation or inflation is happening to all of us all of the time, so no matter how tragic it is now, it's likely to be at least as tragic later.



















