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Welcome...
 Please
note that BeEarly.com and johnbudden.com are
being redesigned and combined into my one
new website... johnbudden.com. A password
will no longer be required.
Until then, I will post relevant stories
below.
King World News
ZeroHedge
The
Telegraph
Bloomberg
February 6, 2012: My old friend Murray
Pollitt President of Pollitt & Co. died last
night, after a long and courageous fight
with prostate cancer.
February 7,
2012:
Murray Pollitt, 1941-2012
February 3,
2012:
Money Mountain; the last of Murray's
market letters which he has written
incisively for almost 50 years.
January 27, 2012, I was fortunate to
interview Murray for
Business@Night ... (scroll down to
January 27, 2012)
December 29, 2011 (10:00 am EST)
Humbled
old Gold Bugs never die; in fact, we don't
even fade away...
In 2006, Gold
Bullion corrected 22% and in 2008 it
corrected 25%; from its high.
The
current correction is about 20%; so far.
This is the second correction of this
magnitude in 2011. In August / September
2011, we experienced our first when the Gold
price corrected from $1880 (U.S.) to the
interday low of $1530. The media, and Dennis
Gartman, etc. are now auguring even lower
Gold prices.
Over the last eight months,
the U.S. Dollar is up 15% against the EURO.
10 year Italian Bonds are yielding 7%. I
suspect that Italy's self-elected Prime
Minister and super Eurocrat, Mario Monti, is
part of a G8 scheme to discredit Gold;
accentuated, when they are peddling their
own 'paper' (bonds).
It is quite
possible that this gang, who have
coordinated gold price manipulation for the
last 40 years, are leasing (selling) Gold;
some of it Italian Gold. This method allows
them to still show their Central Bank Gold
as an asset, on their books, which is all
part and parcel of their international
financial magic show.
Let's face it, they
have to keep the paper myth alive but we
know that the long-term fundamentals are
against them.
It just doesn't add-up!
My guess is that this is yet again another
buying opportunity in Gold. So, gird your
loins !
FYI... the Gold shares, which
have been badly beaten-up, should lead the
way.
Gold Bullion is still up about 10%
in 2011 and about 500% since 2000 which is
not bad for a 'barbarous relic'.
______________________________________________________________
I will interviewing my wise friend John
Embry, Chief Investment Strategist, at
Sprott Asset Management tomorrow, December
30, 2011, for Sprott Market Insights to be
aired on: CFRA at 6:00 pm...
580 CFRA News Talk Radio(Listen Live) or
to download the interview:
http://www.cfra.com/interviews/default.asp
_____________________________________________________________
"Skate where the puck is going to be, not where it has been"
- Wayne Gretzky
In fact, very few institutional investors follow Wayne Gretzky's sage advice,
but those who do are the clear winners.
"Status quo investors usually don't pay attention until it is too late and that's where opportunity lies"
I have a passion for discovering great 'under the radar' investment managers and helping them gain the prominence they deserve. In addition, I help qualified private wealth investors, institutions and consultants focus on suitable
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-David F. Swenson, Yale CIO, in Pioneering Portfolio Management
The new global dynamic calls for some outside the box thinking. The trick in shaping the right portfolio is to find managers that will provide true non-correlated diversification around the perimeter of a sound core
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