Monday, March 3, 2014
GOLD EXPLODES, BECKY QUICK IS A HOTTIE: here's what you need to know
Your morning news, all from BI:
BI - Buffett is buying stocks if they go down today. He's the epitome of the successful investor, and also the epitome of the guy who "picks off the sissies". So you should listen to what he has to say. Which is why all the financial bloggers haven't been posting anything this morning - they're all watching Buffy.
In a related note, my god Becky Quick is such a sweet hottie. She's cute, but she's got an awesome personality that comes through on the screen.
BI - Buttcoin is replicating the south seas bubble. With a chart that says everything:
But please, libertopians, do tell me more about the value of stateless cryptocurrencies!
BI - gold EXPLODES. On the one hand, this sort of coverage repairs the damage to gold. On the other hand, I am not going to buy gold just because of some stupid sabre-rattling in the Ukraine, because I don't know what happens to gold when it stops.
I will, however, suggest that you watch the action in the junior miners to see if they move in tandem with the metal or not. Because the rational expectation, I think, would be that gold miners aren't going to see massive profits just because of a temporary spike in the gold price due to geopolitics; so the market today should tell us if it thinks this spike in the gold price is temporary or not.
Right now, GDX and GDXJ's charts are not broken.