Dave in Denver - The Golden Truth?

A couple of weeks ago this blogger did a post about the University of Texas taking delivery. In it he made the following statement

“Delaware Depository also serves as one of the Comex depositories and you risk having your gold mingled with unallocated gold or “accidentally” borrowed”

To me he is saying Delaware Depository . . . → Read More: Dave in Denver – The Golden Truth?

Gigantic Waste of Time

The NYT on the value of introductory economic classes:

Needless to say, a course can be valuable even if unpleasant. Unfortunately, however, most students seem to emerge from introductory economics courses without having learned even the most important basic principles. According to one recent study, their ability to answer simple economic questions several . . . → Read More: Gigantic Waste of Time

Doug Casey: Precious Metals vs. the USD

One sure upshot of the quantitative easing money flooding the stock market will be further distortions, chaos and unpredictability that make the value-investing proposition difficult, if not impossible, according to Casey Research Chairman Doug Casey. On the eve of a sold-out Casey Research Summit in Boca Raton, Florida, Doug returns to The Gold . . . → Read More: Doug Casey: Precious Metals vs. the USD

Economic Events on May 2, 2011

At 10:00 AM EDT, the Construction Spending report for March will be released, and the consensus is that there was an increase of 0.5% in spending compared to the previous month.

Also at 10:00 AM EDT, the ISM manufacturing index for April will be released.  The consensus estimate is that it decreased 0.7 points . . . → Read More: Economic Events on May 2, 2011