Weekend Recap – September 13, 2009
Though it’s been happening for the last six months, the dollar’s weakening seems to have hit a head over last six months. Moreover, it seems that gold has directly offset the weakening dollar. Could this mean that, contrary to popular belief, investors are actually fleeing to the quality of gold as opposed to increasing their appetite for risk? Ken Phillips warned us in Bad Money that U.S. dollar supremacy could weaken if we don’t move to realign American political and economic interests, could it already be too late? Is gold poised to become the global reserve “currency”?
Thoughts on Gold from the Blogosphere
- INO.com presents a terrific video applying technical analysis on long term gold spot prices. This was posted Wednesday, and it seems they were on point in predicting gold’s breakout through $1,000/ounce by the end of the week.
follows up last week’s post with an even stronger post illustrating their gold investment thesis.
Insight on the U.S. Economy
- John Robb of Global Guerrillas posts an interesting graph depicting the decline of the USSR and how it may also apply to the United States today.
- Bubble Meter believes unemployment may get worse before it gets better.
- Naked Capitalism follows up with an even more detailed analysis on “How Bad Unemployment Will Get“.
Investment Ideas
- Contrarian Profits believes a tradeable bounce in U.S. equities is on the way, but not before a pullback testing support.
- I actually managed to find something of value in Motley Fool’s torrent of daily postings – An analysis of the best stocks following the Great Depression. Could this help us?
- Brad Ferris of Triage Capital Management presents his methodology for determining value as well as a few stock picks.
- Vitaliy Katsenelson, author of Active Value Investing, writes a guest post on Zero Hedge outlining the value of disciplined investment process.
- I recently recommended Proctor & Gamble on this blog, it seems the Dividends Value agrees and has posted an enlightening analysis of management’s recent statements on P&G’s performance.
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