I have long been a 'fan' of Jim Rogers and Marc Faber. Yankee Jim forecasts the markets from Singapore, and Swissie Marc from Hong Kong.
They have some competition for my attention however, the Aden sisters who prognosticate from Costa Rica. Like both the above gents, they are right more often than not, and ALL of them are right almost all the time compared to the mentally challenged deep-thinkers in Foggy Bottom [our politico's in DC].
Mary Ann and Pamela Aden write "The Aden Report" from San Jose. From 'afar' I think (1) they see the forest more clearly, and (2) they may very well be on-target with their bullish call on gold [see attached chart]. Are the Aden sisters right?
It is certainly NOT a good time to be long on any sort of Gooberment Bond right now (promises to maybe pay you back), and despite short-term Dollar strength (driven by the flight from the Euro) I am even more pessimistic on the future of the greenback. The Dow at 50,000 wouldn't mean very much if the US Dollar was devalued like the Zimbabwe Dollar has been...and any serious student of economic history knows that the German stock market went parabolic during the Weimar German Mark collapse and hyperinflation. Imaginary paper profits being REALLY taxed by the bloodsuckers in the IRS doesn't much appeal to me either.
So, what DOES appeal to me? Having some of my retirement money in gold bullion outside the US does for one thing, and I always DID like Costa Rica.....
Wednesday, 23 June 2010
The Aden sisters............from Rico
From Theo Spark at 07:41
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