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The Big Gold Play Results

From the department of “time flies” – back in October of 2009 I wrote a post titled “Will Gold Break $1250 by 2011?” At the time, gold was trading for $1034, and many people were saying they expected it to go still higher. Now, I wasn’t a believer, I made that clear, but for those [...]

The Derivative Bomb?

I’ve followed the derivatives issue for some time, and have a very tough time feeling that the derivatives themselves were to blame for anything. Puts and calls on traded stocks and commodities are priced by supply and demand, but the Black–Scholes model offers a convenient equation to calculate a ‘fair’ price. On the other hand, [...]

Will Gold Break $1250 by 2011?

I am not a fan of gold. For those who are, are you putting your money where your mouth is? Do you think gold will be over $1250 by the end of 2010? That’s ‘only’ 21% higher than it is today. I’ll pass along a secret, odds are 4 to 1 against it happening. If [...]