Nov 29, 2011

Last week we were reading this Zero Hedge article with the rather long headline “Futures Plunge As Fed Discloses New Stress Test: Fears US Banks Will Need To Raise Tens Of Billions In New Capital”. It outlines how the US Federal Reserve is intending to stress test 6 large US banks against a “hypothetical” market shock (or should that have said a highly...

Gold and silver in NZD No major moves in the NZD prices of precious metals this past week.  The charts don’t look that dissimilar to a week ago – both gold and silver have eeked up slightly on where they were. Silver is still well under it’s 200 day moving average which in our opinion likely makes it a pretty good buy at the moment – although it...

Oct 11, 2011

We recently had a question along these lines posed to us.  I have a home with 20% equity and 80% mortgage.  I use a significant portion of my weekly income to service the mortgage and don’t seem to have any savings left over due to stagnant wages and increasing living costs.  What would be the pros and cons to consider in deciding whether to sell the house...

Aug 31, 2011

Gold has been popping up a good deal more in the mainstream of late and there have been plenty of mentions of a bubble-like state.  Wells Fargo Bank recently released a report where they stated that gold was in a speculative bubble.  This was perhaps a not altogether surprising statement from a bank whose majority owner is Warren Buffet – at best someone who...

Well it has been a few days of action the world over.  Massive market declines with conversely massive rises in gold.  Riots in England.  The ECB announces a bond buying program for Italian and Spanish debt.  S&P downgrades US treasuries.  Silver suffered an initial big drop held up pretty well but is now falling again.  Markets have bounced today...