Jubilee Prosperity

Although some people accuse us of being nice people, we have the grey hair, sangfroid and wrinkles from watching the cycles of fear and greed play out in lows and highs over two generations.

Peak gold? We heard similar popular predictions last year about peak oil at $147.90 that would soon go to $200 or $300, according to Wall Street Experts.

When oil subsequently traded at $35.13, a lot of hasty born-again petroleum bulls jumped ship to repent at leisure.

We kept dollar-cost averaging XOM Exxon Mobil. They pay the buy side charges and fees on up to $250,000 a year.

https://www-us.computershare.com/Investor/Plans/PlansList.asp?state=eStateDisplayPlanSummary&planid=312&cc=US&lang=en&bhjs=1&fla=1&theme=cpu

Now oil at $82 targets $115 without many vocal bulls left. People are still generally most bullish at the top and most bearish at the bottom, the way of most flesh.

http://stockcharts.com/charts/gallery.html?s=%24wtic

Gold the latest Bubble of the Year?

Like oil, one major reason for the asset bubble in gold is the creation of Hedge Funds and ETF Exchange Traded Funds that threw considerable credit into physical gold, a much smaller global market than bonds, oil, property or stocks.

Because physical gold is relatively scarce to debt and has no income, brokers and managers play derivative gold lease games on some ETF Exchange Traded Funds, meaning shareholders may assume risks they do not realize.

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This entry was posted on Thursday, November 19th, 2009 at 7:46 pm and is filed under Capital Preservation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.