Before I start my stories for the
day, I've got two more charts for you. Yesterday I ran the CRB
chart, noting that the CRB was a long way away from taking out its
highs of 2008. For those of you who have been around long enough,
you may remember that the 'powers that be' re-engineered the CRB
about five years ago [or more]... and reduced the oil and gold
weighting... along with a few other things. They basically did a
Greenspan Hedonistic Adjustment to the index... gutting the whole
thing. If you look at the old CRB... which is now called the CCI...
you'll note that we are back above the old highs of 2008 for the
first time. Here's the 3-year CCI chart.
And, in case you've forgotten,
here's the 'new and improved' 3-year CRB index... the one we use
today. It's obvious why they changed it... it keeps inflation and
the cost of living down. Any questions?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
here is something on it..... http://www.sharelynx.com/newsblog/index.php?post/2014/11/25/Gold-Algos-Run-Wild
According to ZeroHedge, about 15 minutes ago gold spiked to over $1400, then...
Posted by its44me on 26th of Nov 2014 at 10:19 am
here is something on it.....
http://www.sharelynx.com/newsblog/index.php?post/2014/11/25/Gold-Algos-Run-Wild
My understanding is they keep
CEF
Posted by its44me on 17th of Aug 2011 at 10:24 am
My understanding is they keep a fixed ratio ounces of gold to silver, regardless of the prices of the metals
Jim Rickards talks about his
Who's gonna buy US Treasuries when the FED goes away in June?
Posted by its44me on 6th of Apr 2011 at 10:24 am
Jim Rickards talks about his thoughts on the 'ending' of QE2 and what's next, on KingWorldNews.com 3/12/11
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/12_Jim_Rickards.html
this was in Ed Steer's
Rick Santelli on CNBC this am
Posted by its44me on 23rd of Dec 2010 at 12:20 pm
this was in Ed Steer's column.....
Before I start my stories for the day, I've got two more charts for you. Yesterday I ran the CRB chart, noting that the CRB was a long way away from taking out its highs of 2008. For those of you who have been around long enough, you may remember that the 'powers that be' re-engineered the CRB about five years ago [or more]... and reduced the oil and gold weighting... along with a few other things. They basically did a Greenspan Hedonistic Adjustment to the index... gutting the whole thing. If you look at the old CRB... which is now called the CCI... you'll note that we are back above the old highs of 2008 for the first time. Here's the 3-year CCI chart.
And, in case you've forgotten, here's the 'new and improved' 3-year CRB index... the one we use today. It's obvious why they changed it... it keeps inflation and the cost of living down. Any questions?