Ape the Rich

There are probably diminishing returns to this investment strategy, but aping the rich is not a bad idea, at least in this case:

Investors worried that inflation and financial market turmoil will wipe out the value of their cash have poured money into gold over the past decade. Prices have gained almost 500 percent . . . → Read More: Ape the Rich

Leonard Melman Finds the Fiscal Cliff a Boon for Precious Metals

Surveying reality from his perch on Vancouver Island, Leonard Melman is a veritable sage in the world of metal mining analysis. In an interview with The Gold Report, the economic philosopher is troubled about the direction of the global economy. However, there are a few bright spots for eagle-eyed junior metal investors, he . . . → Read More: Leonard Melman Finds the Fiscal Cliff a Boon for Precious Metals

Economic Events on December 27, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 365,000 new jobless claims last week, which would would be 4,000 more than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update . . . → Read More: Economic Events on December 27, 2012