MarketWatch engages in Federal Reserve propaganda

This is pretty sad considering who owns the website:

Then there is this:

Gold has become highly prized bling, as anxious and astute buyers alike, from hedge-fund players to central bankers, flock to the “currency of fear.” Gold at around $1,400 an ounce is almost double what it commanded two years ago, and gold’s price is up almost 25% so far this year alone.

It’s been a great ride. Except gold is a bad investment.

Gold’s feverish run has made a lot of people a lot of money, and though the rally has taken a breather in the last few days, there’s no shortage of flag-waving supporters who claim gold is on a march to $1,600, $1,800, $2,000 and beyond. After all, gold is still well below its 1980 peak, when it was worth around $2,300 an ounce in today’s dollars.

….and this:

“Mercury poisoning,” is the answer from Barry Ritholtz, the very outspoken CEO and director of equity research at Fusion IQ, when asked where Zoellick’s idea might have come from.

Zoellick, also a former Treasury official in the Reagan administration and managing director at Goldman Sachs, made his suggestion in an op-ed in the Financial Times last Sunday, just days ahead of the Group of 20 major countries meeting in Seoul.

The suggestion was made to world leaders in order to address “global imbalances,” the diplomatic expression being used to refer to the impact of China’s vastly undervalued renminbi on other countries’ competitiveness.

All of the above is pure garbage. Gold is a hedge against inflation and the dollar. Do not listen to the Statists who want to seize all of the gold and give you a worthless dollar.

By the way, here is some SOUND investment advice pertaining to Gold:

There have been some major trend changes recently and it looks as though more investments are about to follow. The real question though is… Are You Ready To Take Advantage Of It?

It has been an exciting ride to say the least with the equities and metals bull market and the plummeting dollar. But it looks as though their time is up, or at least for a few weeks. Traders and investors will slowly pull money off the table to lock in gains or cut losses and re-evaluate the overall market condition before stepping back up to the plate and taking another swing.

Below are a few charts showing some possible money making trade ideas in the weeks ahead.

TBT 20+ Treasury Note Inverse Fund

This fund moves inverse to the price of the 20yr T.N’s also known as bonds. Looking at the chart you can see the recent reversal which took place. We had a great entry point shortly after this reversal took place using my low risk setup strategy.

Falling bond prices are considered to have a negative impact on equities because it implies that interest rates may start rising which means more investors will pull money out of stocks and put that money into a safe interest earning investment. You will typically see bonds change direction before equities. That being said the chart below is an inverse fund, so when this bond fund goes up, it means actually indicates bond yields are falling. I will admit these inverse funds really throw my brain for a loop at time… I prefer the good old days, buying long and selling short… so simple and clean… —- Read the rest Here

I ask you, go read the rest of that; listen to people, like the man at this link, who want to see you make and keep your money. Not force you to trust in an unsound money system, like the United States Dollar.  If you are not interested in FTS’s and would to buy actual Gold, then try this link here.

In fact, here is a video that explain why you should own Gold and Silver:

Is it not just good common sense to have a backup plan? Do not delay, invest in Gold and Silver today.

Please Note: In the interest of full disclosure — There are links in this blog posted that if click on and product bought or signed up for, will result in the compensation of myself. This will come with no price increase to the customer at all.  Think of it, as an easy way to support this blog and yours truly.