haha, Switzerland a pretty small place -- how amazing that they happened to be directly over it when they just had to land;

as somebody who worked in a (real) Swiss bank I can profoundly confirm their total lack of an ethical compass; the only compass they possess points to "money".

Wasn't there a Homeland plot about this?

"S05E04: Allison and Saul are embedded within a private medical clinic in Douvaine, Switzerland, where they're surreptitiously attempting to convince al-Assad's right-hand man, General Youssef (Igal Naor), to stage a coup so that the U.S. can help him fend off ISIS."

What the hell's going on with gold now? It's up way over 10% in just a month. Is it really because of Yellen's speech?

There's sod-all inflation anywhere but Venezuela, so why the gold?

To compliment the shotguns & beans!

http://www.reuters.com/article/china-go ... SL3N17G1Z5

China's yuan gold benchmark to launch with 18 members -source


A yuan gold fix is not expected to pose an immediate threat to the gold pricing dominance of London and New York, but it could ultimately give Asia more power, particularly if the Chinese currency becomes fully convertible.


China continues to hoard...

dollar is weakening , commodities have bottomed , its bear market cycle came to an end , happens all sectors , it should continue to rise now for the next five years though is a little over bought now

So, the EUR bottomed at $1.057 in Dec '15 and spiked to $1.152 this month and is now about $1.13. Saying "its bear market cycle came to an end" is sort of handwaving rather than an explanation.

About 6 months ago gold was only at $1050, now it's well over $300 up.

The last time gold rose $300 in such a short period, we know why that happened: there was a massive financial crisis that led to the greatest depression in the history of capitalism, which is still with us.

But right now, there's no overt crisis going on. It's the only time gold has risen so dramatically without there being a big ventilator-faeces interface scenario happening.

I believe there are one or two shoeshine boys involved in the stockmarket at the moment.........

You think it's a bubble cause everyone is buying?
Do you know people buying?

I believe there are one or two shoeshine boys involved in the stockmarket at the moment.........[/quote]

You think it's a bubble cause everyone is buying?
Do you know people buying?[/quote]


Elements of a bubble, yes. And I'm talking about the stock market.

I've met a few financial advisers advising me to get in.

It's a massive bubble, you'd have to be blind not to see it. Stock valuations on just about any metric are ridiculous. The entire market is a farce.

Calling "bubbles" ain't as easy as it looks. That quote is three and half years ago! S&P and Bonds both way higher since then.

Well, I think the P/E is probably not ridiculous relative to bond yields. The problem is when the E collapses...

https://en.wikipedia.org/wiki/Fed_model

Not a fan personally.

I'm not saying that stocks can't go higher. Probably will until after the election. But the valuations of US stocks (to be more specific) are far too high. The buyback frenzy of the last few years is worrying also. I've sold all my stock holdings except gold miners.