In the most recent article I published on SeekingAlpha, I used the phrase gold is a generational buying opportunity. This was written in the context of my own generation, when President Nixon took the U.S. Dollar off the gold standard in 1971. This was a generation ago and the U.S. dollar has collapsed more than 98% since.
After more than 30 years since the ban was lifted off the gold standard, the government printing presses continue their policies to create as much paper money or fiat currency as necessary…to read more click here.
On September 23, 2012 we published an article on Seeking Alpha called Have We Seen A Short Term Top In Silver And Gold? Taking a look back, the gold market was trading near the 1775 to 1800 levels at the time we posted the article and it has come down to the low 1700’s as of October 26, 2012. This was an anticipated cyclical top our proprietary models were able to anticipate months in advance.
As mentioned in the previous article, the reaction to the FOMC was somewhat mixed. Prior to the report, the gold market had been anticipating a more robust package than Mr. Bernanke’s announcement and details of the long awaited QE3 monetary policy by the Fed.
According to the market reaction with the price coming down to the low 1700 levels, it appears that the monetary policy announced was somewhat discounted with…to read more click here.