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Magoo’s Words » 2010» May

Archive for May, 2010

We Buy Gold Bubble

Wednesday, May 19th, 2010

Lots of pundits are talking about gold being in a bubble. Names as respected as George Soros recently proclaimed that gold is in a bubble and by all rights should collapse in price at some point. I got hurt by ignorance during the housing bubble. Now that I’m paying attention to economics […]

Black gold

Sunday, May 9th, 2010

Precious metals were my first love in investing, and it turned out to be a great place to start, but we all have to spread our wings someday. I’m looking into other commodities. I like commodities because the fundamentals are global, real world forces that are predictable and understandable. That’s not to […]

I love the smell of volatility in the morning

Thursday, May 6th, 2010

Interesting few days in the markets. Greece got bailed out but the markets just got worse. I’m not sure if the markets don’t like the fact that it seems like Greece’s population isn’t going with the program, or if the markets realise that higher taxes coming from the IMF’s suggested “austerity measures” are […]