Nothing appears to frighten this market -- not Putin, not higher interest rates, not a cessation of quantitative easing. I exchange letters with dozens of advisories. Over the years I've decided which ones are the smartest, and which ones I can trust. What bothers me now is that the smartest advisories are all highly nervous or even bearish. Happily I don't manage other people's money, and this allows me to take an unusual stance. I don't gamble in Vegas, and I don't play poker with private local groups. I have what I need and I'm satisfied with what I have. Physical gold equals pure wealth, and I'm satisfied to sit with my physical gold position. Each day millions of words are written, in an effort to uncover the current trend of the market. So far the market appears to be in a strange and eerie stalemate.
I think the market's refusal to ... Log in or subscribe to continue reading.
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