Well, two significant crosses today with gold now above $1,500 and silver topping $45 (now pushing $47). When things are moving this fast, we should be hearing warning bells of some kind. As Jim Rogers notes in a recent interview, I too would rather see an orderly rise in these prices over a relatively long time frame. To wit: “All parabolic moves end badly.”
Gold, at present, is now up 8.2% for the year, indicating an annualized rate of 28% or so, which is only slightly accelerated from it’s long-term trend. As expected, silver is another story….now up 50% on the year, projecting annualized gains of more than 150%. Continue reading
A Reasonable Life 