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The Canary In The Gold Mine: Gold Investment Strategies

With the euro-area crisis and associated uncertainty escalating rapidly of late, safe-haven assets are outperforming, with the notable exception of gold. Why are high-quality government bonds rallying to new highs, while gold sinks to a six-month low? A key explanation is surprisingly simple if technical: Government bonds are Tier1 capital assets, [...]

Who Is Investing In Facebook?

Here is the result of a survey from Motley Fool on who is interested in buying Facebook when it goes public. Not surprisingly, it’s the less sophisticated buyer. I wouldn’t mind being a seller. Is is good long-term? Why not?

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Knife Catching, Booms, Busts, And Tops

Everything looks “toppy” to me. Our DoctoRx has called it just right again. The market is overvalued and the signs around us abound. Just this morning we read that hedge fund assets are at an all-time high and IPOs in tech stocks have surged. This is what I refer to now as the “Old Paradigm” [...]

Newton’s Fruit Falls Upward

Has gravity been repealed for the One Stock That Matters these days?

And do AAPL’s ascent, and the even more meteoric rise of Facebook, say anything special to people interested in economic trends and Austrian economic theory?

My answers to the above are: to the first question: No; to the second question: See below.

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Commodities Were So 2011: This Year It’s Tech’s Turn to Pop & (Maybe) Top

Large IPOs often mark tops within sectors and within stock markets as a whole. In June 2007, shortly after the S had begun to hit the fan in the financial stocks, the Blackstone Group (BX) was able to get a multi-billion dollar IPO in. About a year and a half later, BX was down about [...]

Mark Zuckerberg: Time’s Person of the Year

Today’s article from the Mises Daily was so good that I’m republishing it in its entirety. The title says it all. The point: it is people like Zuckerberg who drive society forward, not government.

Finally, a Real Creator Is Person of the Year by Doug French on January 7, 2011

Time‘s Person of the Year [...]

So The Russians Took Twitter and Facebook Down?

By Jeff Harding

Yesterday’s denial of service attacks that shut down Twitter, Facebook, and LiveJournal have been traced to an all out attack on a single blogger out of Georgia who doesn’t like the Russians.

The company rooted out the cause of the massive denial-of-service attack, said Facebook spokesman Barry Schnitt, after noticing that the [...]