Investing
Gold has broken through to yet another record high. The previous high of $1226 per troy ounce was set in November 2009. Since then the gold market has dropped as low as $1044. We are now in the middle of 2010 and gold is trading $20 higher than its previous record level. In an almost contrarian view to the Euro, it is the bears who are looking a touch green about the gills, especially ...
Whether they realize it or not, the number one fear of today’s investors is the fear of loss. Because of their fear, investors seek out “safe” investments, like insured savings, certificates of deposit and government and municipal bonds rather than “risky” investments like stocks, mutual funds, real estate investment trusts and precious metals, like gold. ...
Just when we thought it was safe to go back in the water the Greece debacle has blown up once again. Greek debt has been on a truly epic journey recently and now ten year yields have moved from circa 7.5% to 8.9%. 2 year debt is now over 10%. The value of the debt has fallen by almost 20% since the end of March 2010. On a comparable basis, the total debt owed is close to €300bn ...
Gerald M. Loeb was born in 1899 and started investing in 1921. Loeb would read everything he could on trading, investing and economics. In 1923, Loeb learned a valuable lesson when he took a substantial loss of his overall trading capital. He learned, from that point on, to always cut losses short, meaning to only take small losses when the market goes against you. Loeb was changed ...
