Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


The Death Spiral

Are Gold and Gold-Mining Stocks Really Doomed?

The logical conclusion we need to make here is that we are at the beginning of a long-term slump in gold. The combination of low interest rates and high stock market returns is taking all the luster out of the gold market, and it is not likely to return any time soon.

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Swiss Vote on Gold Could Boost Big Miners

Okay, the initiative would be great news for gold miners, but it could be a recipe for disaster for the Swiss economy. Among other things, it could make the Swiss franc vulnerable to a currency collapse if the price of gold collapses. It could also create a bubble in the gold market that could wipe out a lot of fortunes.

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