Gold, what's up with that?

This is possibly a bit late in mentioning, but what the heck is going on with gold lately?  I was just checking this out this morning and gold has just reached a new record high.  The dollar may be weakening a little, oil may be a bit on the high side right now, but I can't see anything obvious that is moving gold.

Gold moves in uncertain times as it is a safe haven. During the depth of the stock market selloff, gold was hitting all time highs then too.  Threats of war can send gold higher.  Although there is some speculation of a big selloff in the stock market, this hasn't happened.  The possiblility of Iran having "the bomb" soon could explain it.  Yet this talk has been going on for years and gold has been up and down during all that time.

Gold is an inflation hedge, but so far no inflation.

There is one possibility that ran across recently.  There has always been a conspiracy theory about banks holding down gold.  There is a rumor going around that the banks have given up on keeping gold down.  If this is accurate, then the conspiracy hounds are on the right trail for once.

We have a big election coming up.  In two other English speaking countries, there was an even split politically.  With no clear direction in politics, it could add up to a bit of uncertainty going forward.  And markets hate uncertainty.  That could be a factor as well.

But perhaps it is just a market phenomenon.  There was a rally this time last year too.  This is the good time of the year for gold.  There is an old saying that goes like this: "sell in May and go away".  But now it is September and everyone knows that big stuff can happen in September and October.   Maybe the markets are smelling something big about to happen.

One year anniversary

Well, it has been a year already.  And this is just my second post here.  As one can imagine, I don't devote much attention to this blog, but I am doing so now.

I am experimenting with some of the gadgets that you can add to a blog on Blogger.  Actually, it is a lazy man's way of adding content.  In addition to this, it is something that I don't mind looking over myself from time to time.  If I like to look at some of this stuff, maybe someone else will, you see.

I added a video bar at the top.  Most of these videos aren't very interesting.  I chose a topic of new technological developments.  It looks like this updates every day, so there are a few new entries on a daily basis.  One entry on today seemed pretty interesting.  A fellow has invented a solar power device that incorporates heat capture and photoelectrics in one device.  He wants to get financial backing for it, hence the video.  Anyone interested should note the following in case you want to follow up: Paul Laidler Northern Technology Developments.   If the video isn't here anymore on the video bar, the go to YouTube and paste then above info and see if you can bring it up.

Let me introduce myself

Hello, there. This is the first post of my new blog which I started this very day. I am reminded of the vice presidential debate of 1992, when Admiral Stockdale, who was Ross Perot's running mate introduced himself to the country. He drew a laugh when he said "Who am I? What am I doing here?" Yeah, I think I'll follow the example. Who am I and what the heck am I doing here?

Well, I have blogged before. Back in 2004, I had a blog called "Boots and Oil". The name for this blog is a shortened version of that blog. The Boots and Oil blog was short lived: it only lasted through the summer before the election of 2004 and shortly afterward. As you might guess, I have an interest in politics. The Boots and Oil blog was commentary upon the political situation as it unfolded during the presidential race of 2004.

Like a lot of things that I do, this blog wasn't planned. It just happened. I was looking around for a guitar tuner on the internet. I have an old guitar which I haven't picked up in years and it was out of tune. My ear isn't good enough to tune a guitar without some help and my old device went missing. So, I needed something to help me out. A brainstorm occurred. I got the idea to look for what I needed on the internet. And I found something. But it needed a website to use it, so I went to this website and created this blog. It so happens that I already had an account with blogger, but had forgotten about it.

Here it is. Let's see if it works.

www.howtotuneaguitar.org

Well, it looks like it might work, but upon first inspection, it doesn't. I managed to find something else, so I won't spend a lot of time on this.

I have actually reviewed an number of books during last year's election campaign, and the reviews can be found as GWM as the reviewer and one of the books was written by Vince Bugliosi. If you are interested, you can look it up.