Thanksgiving Tally: Lunatics And Hacks Win As Gold Up 19.3% YTD; S&P Down 7.5%

To some, only "Lunatics and Hacks" believe in gold and a system based on real money. To others, one look at the chart below showing the relative performance of gold and the S&P YTD is enough to determine who the lunatic and hack truly is.


From Zero Hedge.

Comments

Post a Comment

Popular posts from this blog

Peak Silver Revisited

The world is about to peak in global silver production. This will not occur due to a lack of silverto mine, but rather as a result of the peaking of world energy resources, declining ore grades,and a falling Energy Returned On Invested –EROI. The information below will describe a futureworld that very few have forecasted and even less are prepared. This is an update to myprevious article Peak Silver and Mining by a Falling EROI.In my first article I stated that global silver production may peak in 2009 if we were to enter a worldwide depression. We did nothave the global depression as massive central bank printing and bailouts have thus farpostponed the inevitable. Peak Silver Revisited
Read more

Bought Linamar (LNR.TO)

Image
Price today closed at $66.65. I waited a day or two after the stock went down 13.88% on Wednesday to see if it will still go down. Charts using MACD, RSI and Stocastics show oversold. I'm not an expert in looking at charts so I'm just guessing here. The stock opened at $66.43 on Nov 10, 2017 and went as high as $67.14. I was thinking whether I should buy it or not. Near closing, it hovered around $66.70 to $66.75. I put a limit order of $66.72 when it was at $66.75 but didn't get filled for about 3 minutes, then it got filled and closed the day at $66.65. Did not really follow the 3 technical indicators as outlined in Rule 1 Investing which was probably a mistake. Linamar Delivers Another Quarter of Solid Earnings, Cash Flow and New Business Wins November 7, 2017 GUELPH, ON, Nov. 7, 2017 /CNW/ - (TSX: LNR.TO - News ) Sales increase 6.5% over the third quarter of 2016 ("Q3 2016") to reach $1.55 billion ; Net Earnings before non-recu...
Read more