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Saturday, November 24, 2012
A few good articles
Some weekend articles for you:
BI - the black market for gold. Gee, this looks good for gold demand, doesn't it?
ETF Trends - muni ETFs. Ouch. I don't know anything about the US, but are Munis some sort of tax-preferred investment? One whose taxation isn't going to be changed with the expiration of the Bush Stupid Tax Cuts? If so, the chart in this article belies a crazy bubble.
Sober Look - no matter how much junior miners have sucked, the hedge funds have outsucked them. Wow. Just... wow. I guess that illustrates that you don't find any particularly significant level of intelligence among the hedgies, eh?
BI - an interview with Bill McBride from Calculated Risk. I think I've always had a problem with Calculated Risk's RSS, and that's why I've never followed it. But I think I should try again, since I'm looking for more empirical agnostics to follow.
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Muni's are tax-free bonds that municipalities sell to finance infrastructure. They are not related to or affected by Bush tax cuts or any other pending legislation. They're bubbly like everything else that has some yield these days--the big Y is king... yields on munis aren't near as good as they used to be but the tax-free interest does boost the overall return especially for high net worth types. There have been rumors that some at the federal level want to do away with the tax-exempt status. self-evident.org is the best site I've found for muni bond insights.
ReplyDeleteAlso the SF Hard Assets vids with Daniela are now up at http://www.kitco.com/KitcoNewsVideo/index.html I saw that smokin' red number in person, yeehaw! The Rick Rule bit was actually interesting and I usually don't care for Rick and his 'Obama is a pinko' b.s.