It is pretty scared outside. The stock market is desperate seeking for a rise. And the negative news from the money market, again more cheap money to save the sinking credit market.
The difficulties on the US economy put great pressure on the US dollar.
Despite the stock market a bit of upward, the depression won’t go fast.
As the dollar weaken and the oil surged, the precious metals are going to do well. Gold will resume its secular bull market in the coming weeks.
I really think that the stock market is a good investment if you know what you are doing, but for the investor that wants a safe return guaranteed by the state from 10-50%, there is nothing better than tax liens combined with private money. Have a great day.
Comment by CL Jones — December 2, 2008 @ 12:07 am
While the value of the dollar has mostly depreciated against other currencies, the price of gold has fluctuated up and down quite a bit. It will be interesting to see where it goes in the coming weeks and months.
Comment by Scott — December 2, 2008 @ 11:30 pm
this is a good speculation on your behav, i do agree though
Comment by Emily — February 1, 2009 @ 6:07 pm