Sign of the times

Gold, Gold, Gold!!!

Well, let’s break it down. When people believe the economy is in danger or at risk, they buy gold. Personally, I find that somewhat amusing but I’m not an expert, apparently. In the beginning of the rise of US currency, it was so widely respected because every dollar was backed by gold. Over the years as we printed more and more money, we lost the gold standard. However, the dollar remained valuable because everyone believed in it.

Take matters into your own hands

I’d like to see some common sense come back to the financial markets. When you start analyzing stocks these days, there’s an entire genre of hedge funds and day traders that look at the “technicals”. Now, the idea behind the “technicals” is that they look at the historical chart and use moving averages to predict where things are going.