STOCK BUBBLES

Gold was all the rage again last week. But why is it rising, and does anyone really know what it’s worth? According to the way I calculate momentum, gold has just barely entered the gravity-free zone – where it has the potential to start advancing a lot, with much more fluidity. Chairman Ben S. Bernanke, [...]

The reaction of mainstream analysts to the events of last spring and summer was as amusing as it was predictable. As soon as commodity and metals prices weakened, they were out in droves, tut tutting and warning the great unwashed that we had seen the top of the cycle. They patiently explained to those too [...]