Sometimes it is really hard to believe that Wall Street is run by serious, highly-educated professionals.  You wouldn’t hear a doctor use a ludicrous expression like “Santa Claus Rally.”  You wouldn’t take an accountant seriously if you heard them utter pithy nonsense like “Don’t frown, average down” or “Buy on the rumor, sell on the...Read More

The Mises Institute, dedicated to “proceeding ever more boldly against evil,” appears to take issue with some of my comments on gold ($GLD $GC_F): Charles Sizemore, CFA, wrote back in June, “Gold today is as risky as tech stocks in 1999 and Miami condos in 2005, and the arguments supporting its rise are every bit...Read More