Sunday, June 22, 2008

Precious Metals Market Shifting

I follow the precious metals market as part of my Silver Ticket Project.

There is a shift happening...I see it in that prices of commodities are rising and getting more media coverage. I also see it in the art market as I read reports of wealthy people selling art to cover expenses.

One of my favorite gold bug commentators, Paul Van Eeden, is shifting away from speculation in gold stocks to making bets in rising interest rates. Eeden is basically a value investor...when they exit a market they typically pass momentum investors entering. See some of the following articles and interviews.

http://www.321gold.com/editorials/vaneeden/vaneeden051208.html
http://www.howestreet.com/index.php?pl=/fbn/index.php/mediaplayer/284
http://www.kereport.com/audio/0621-05.mp3
http://www.kereport.com/DailyRadio/Daily062008.mp3 (This one is pretty amazing as two gold bugs fail to defend their bullish views.)

All of this signals to me a shift towards a more popular engagement in issue of inflation and precious metals.

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