Gold Forum

Jeffrey Tucker interviews Jörg Guido Hülsmann, professor of economics at the University of Angers in France, and discusses the brilliant and engaging book by Eugen Maria Schulak and Herbert Unterköfler: 'The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions'.

Energies
Oil is finally starting to give way, but expect a choppy and volatile selloff. A strong U.S. dollar rally will help this market gain downside momentum. Natural gas has clearly bottomed near term and I highly recommend buying here with straight deep out of the money December calls – which to me have still got a long ways to go to catch up to fair value with the volatility I anticipate in the near future.

Financials
The employment report along with the bailout weakening elections in France and Greece has the market reeling – and for good reason. Look for considerably more downside in the stock market in the weeks ahead as a full scale retracement is underway. Bonds continue to look attractive as a buy here with further easing by the Fed almost a foregone conclusion. The dollar is the buy as the euro is finally shaking this congestion pattern for some real selling. The Japanese yen stands to be the lone beneficiary outside of the dollar as the...

So what do you think is the best time to buy gold and silver? should it be this time, when economy bites? if not now? when?

VOLATILITY ALERT

General Comments
This weekend’s triple euro zone event (IMF $430 billion backing, French election upset, and the Netherland budget vote woes) puts a panic in the markets ahead of some serious reports due out this week. Home sales, Fed meeting announcement, and Q1 GDP all setup a volatile week in the markets. Look for this to be a monster week of volatility which means a big dollar rally, crashing stock market and surging bond and yen prices.

Energies
Oil has stuck around $100 just long enough to force a panicked long liquidation once the selling begins – read this to say the market should start to crash today. Natural gas continues to search for a bottom and I continue to recommend both a long nat gas vs short crude oil spread and straight long term deep out of the money calls in Dec. natural gas to play a volatile rally in coming months without necessarily trying to time a perfect bottom entry....