Gold & Crude Oil Updates

December 7, 2014

We can believe Willem Buiter, Citigroup’s chief economist when he writes negatively about gold…or we can watch gold launch into outer space. This is strictly a 60-year market veteran’s opinion. However, my eyesight is still 20/20.

Gold COMEX quarterly

If you want to watch a double launch into outer space you must ignore the nonsense about crude oil. Peak oil may or may not be a valid concept. However, the peak in the price of crude oil is nowhere in sight. What is in sight is the direction of the price of gold and crude oil. Tell the liars on Wall Street and in Government to shut up and get lost. Believe your eyes, not their lies! The days of paying for crude oil with worthless paper are over!

CRUDE OIL QUARTERLY LOGARITHMIC

Crude Oil quarterly chart

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Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen. Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Ronald L. Rosen is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.

Minting of gold in the U.S. stopped in 1933, during the Great Depression.