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Richard's Thoughts on Gold

Daily Recap

Almost everyone was on the same page today. Japan's central bank surprised by dropping rates into negative territory -- a clear attack on deflation.

Asian markets responded accordingly and moved higher. Shanghai finally put a plus in the win column, up 3%. European exchanges were up about 2% on the day.

Oil is higher (over $33) and stocks built on their bounce momentum. Coming into the close, the Dow is up a very healthy 300+ points, led by tech and industrial companies.

Yet almost all sectors are strong. Gold is up a few bucks, and the mining shares added 3%. Thus, almost everyone goes into the weekend a winner.

 

Richard's Thoughts on Gold

By the Dow Theory Team

 

Richard's Comments

 

Question -- Why is gold the ultimate safe-haven investment?

 

Answer -- Because gold is the only item that can't go bankrupt. For thousands of years, gold has been treated as pure wealth.

 

As far as I can see, there's only ... Log in or subscribe to continue reading.


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