Archive for February, 2010

While last Friday’s jobs report for January had good news that unemployment declined from 10 to 9.7%, payrolls declined by 20,000, below consensus estimates that the economy would gain 15,000 jobs. 1  This raises the question of how both unemployment and the number of people with jobs can be going down at the same time. ... »

Back in November, when gold was red hot, I warned investors against making big bets on gold or gold-related assets in the 4th quarter of 2009.  I was on target here.  During the week of that writing (November 16-20), gold was trading in the $1,130-$1,150/oz. range.  It hit a peak of $1217.40 on December... »