In terms of gold the picture changes. It took about ten barrels of oil to buy an ounce of gold in 1971. Now, it takes 78 of them. Is oil too cheap? Is gold too expensive?
Iran is a failed nation subjugating its populace to hardship’s including imprisonment and murder. They are the worlds number one source of funding and sponsorship for every crazed muslim terrorist group. If they get their hands on a nuclear weapon they WILL use it. They aren’t all that far from having one. Maybe you can live with that. I cant and neither does most of the world.
I think the "unknown unknowns" are the greatest danger in life. Some call them "Black Swans" but the results are the same. Q3 2008 kicked my butt because I didn't follow some basic rules. I'll never make those mistakes again.
"As we explained earlier this week, we cast no judgment on the dots themselves."
The selection process itself is a judgement. But it is a noble sentiment, even if exaggerated.
Iran is a failed nation subjugating its populace to hardship’s including imprisonment and murder. They are the worlds number one source of funding and sponsorship for every crazed muslim terrorist group. If they get their hands on a nuclear weapon they WILL use it. They aren’t all that far from having one. Maybe you can live with that. I cant and neither does most of the world.
In the case of oil prices, look no further than the production increase in the USA.
I think the "unknown unknowns" are the greatest danger in life. Some call them "Black Swans" but the results are the same. Q3 2008 kicked my butt because I didn't follow some basic rules. I'll never make those mistakes again.
Jim Marshall
Bought some SM. Extreme value!