Tag Archives: Gold

The 10-year sets sail for 2 percent…

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading

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What is the “correct” price for gold?

Because the equilibrium price of gold is an unknown,  the yellow metal keeps running.  There is no real metric to determine its fundamental value — a real rate of interest and price-earnings or price to book ratio, for example.   … Continue reading

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Gold ATMs Arrive in Europe

An ATM at the Westin Palace Hotel in Madrid dispenses gold for cash currency.   A similar machine was installed at the Emirates Palace Hotel in Abu Dhabi earlier this year.   We’ll  get nervous about our precious metal positions when we … Continue reading

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