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By Monty Guild and Tony Danaher, on May 19th, 2006
GOLD AND COMMODITIES COOL OFF WHILE THE COLD WAR HEATS UP
We are pleased to see gold and energy getting a normal correction, and a bit of relief from the overheating that had been the case for the last couple of weeks. Corrections, like the one we are having in precious metals and energy, are a necessary and important component of a normal bull market.
I admit that it is scary to see the violent pull backs that sometimes occur during these normal correction periods. However, history has repeatedly shown that they are necessary, for bull markets to extend . . .
Continue Reading: THE NEW COLD WAR
By Monty Guild and Tony Danaher, on May 9th, 2006
WHY WE LIKE ENERGY AND GOLD LONGER TERM AND NOT JUST FOR THE MOMENT
As we are fond of repeating, we have liked energy and gold for several years. As of today, we continue to like both of them as long-term investments.
ENERGY
On Monday May 1, 2006, the Wall Street Journal had an interview with an energy fund manager named Dan Rice. The article was entitled “Mr. Rice’s Wild [but energizing] Ride” and it was written by Gregory Zuckerman.
I liked the article because Mr. Rice agreed with many of my opinions. He and I both agree that . . .
Continue Reading: GLOBAL GEOPOLITICS WORSEN
By Monty Guild and Tony Danaher, on May 1st, 2006
U.S. DOLLAR GOES DOWN GOLD AND OIL GO UP
The above is my prediction and I could probably end this missive with that sentence. I am sure many of you would breathe a sigh of relief, not having to read any more dyspeptic diatribes by that curmudgeon in training, Monty Guild. Yet it’s hard to earn ones keep with a one sentence letter, so I will elaborate a little.
THE DOLLAR GOES MUCH LOWER BECAUSE THE U.S. AND G-7 NATIONS WANT IT TO
A lower dollar is not great for our trading partners. It makes their goods more expensive . . .
Continue Reading: U.S. DOLLAR GOES DOWN GOLD AND OIL GO UP
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