The Price of Gold Today

The price of gold is almost an oxymoron. When people in the U.S. say "price of gold" they mean the price of gold in U.S. dollars. Everything is relative to something else, just as the U.S. dollar has a value relative to the Euro or the RMB and so on. There is unfortunately no such thing as an "absolute." The price of gold is high when the dollar is or is expected to be relatively worthless, like now. Don't get left out of currency moves.

More about Benny

Benny is a low profile guy but he is wealthy beyond belief. He controls a series of hedge funds. You could call them syndicated, or a better term would be "loosely coupled." He is in fact able to give instructions to the various funds. More soon about how Benny makes a living.

Earnings Season for US

3rd Q will be relatively disappointing if you are able to read between the thinly spaced lines. 4th Q will then be super? Probably not. Don't get left out before 2011 is a huge disappointment.

Semi's

Our favorite ETF has gone from $40 to $45. We intend to do better.

China PMI

China's economy is the most important economy in the world.

The government has a great deal of power and is often correct. Sometimes, the government does not help the citizens to the maximum extent.

Economic data always flows through Beijing. We hope it is correct in its review, as the great citizens of the PRC deserve.

Emergency Markets

Silicon Valley is the most productive region in the world. At the present time, the Valley's growth and dominance, while in tact, is subdued with the diminished global economic condition. Do not be fooled into thinking that Brazil, for example, is going to save the planet. You need to think again. Don't get left out.

Benny the Jest

This is the start of a continuing story about Benny, a Wall Street executive. Benny's been in the business a long time. In fact, his father got him into the business. Wait 'till you see the next post about Benny tomorrow! He is a fascinating guy. :)