It is a mystery that Titan, VIP, Sujana Towers, Vertex Securities, Karuturi Global, JVL Agro and Neha International quote at infinite PEs but are not called a Bubble. But Gold, Silver, Platinum, Palladium and Copper which are physical metals are being called to be in bubble Territory? And yet inspite of the brainless coverage by Blue Channels, grotesquely shaped pot bellied stock traders of Bombay are considered the "wizards" when they are nothing more than "insiders" using the media and financial muscle to pull up by the bootstrings dead as dodo companies listed in Bombay. In contrast, the precious metals markets are going wild even as I write these words.
And right now, on the spot markets ...
But now, it's no longer just Bernanke's $600-billion-money-printing scheme that's spooking the markets. It's also the ... International Furor and Blind Rage He's Triggering Around the World! Germany's Finance Minister Wolfgang Schäuble, says, "U.S. policy is clueless." China's Finance Vice Minister Zhu Guangyao says that the U.S. is ignoring " ... its responsibility to stabilize global markets and did not think about the impact of excessive liquidity on emerging markets." Russia has joined the assault with officials saying the U.S. Fed should ask permission from other G-20 members before cranking up the printing presses. "Russia's president will insist," says the statement, "that such actions are taken with preliminary consultations with other members of the global economy." Brazil's Finance Minister Guido Mantega has warned of a global currency war and predicts the Fed's move will be ineffective, saying, "Throwing money out of a helicopter doesn't do any good." South Africa's Finance Minister Pravin Gordhan, a prominent voice among finance officials from emerging economies, said the Fed's move was "disappointing" and that it undermines the whole spirit of the G-20 meetings. Meanwhile ... Dallas Fed President Richard Fisher, a frequent critic of Fed policy is warning that QE2 risks further declines in the dollar, more market speculation, higher commodity prices and a loss of credibility for the Fed. Even Sarah Palin is publically demanding that Fed Chairman Ben Bernanke "cease and desist!" Investors hate this controversy and turmoil. When they see it boiling up, they naturally rush to silver and gold. Plus, in addition to the precious metals, this is generating enduring, long-term opportunities in emerging markets, currencies and more. Make no mistake: This intentional gutting of the U.S. dollar's value will be THE #1 factor in every investment decision you'll make for the next two years and beyond. The time to protect your wealth is now. The time to harness this trend to go for substantial profits is also now. |
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Larry Edelson: Gold & Silver A Bubble? Or is it the Stocks that are In A Bubble ?
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