Market Report - Feb. 1, 2011 - CNNMoney.com Well this certainly looks like good news, least on the surface. Thoughts USMB?
Gold: $1,333/oz Silver: $28.05/oz Copper: $4.52/lb Oil: $92.00/bbl RBOB: $2.44/gal But, thankfully, inflation is in check.
A result of free money flowing into the system due to QE. Unfortunately, we're entering bubble territory and when it bursts, it won't be pretty.
A friend of mine grows rice in Texas.... he said last year prices were up 60%. So far this year (a month), they're up 40% and all indications are that prices will again double within the next few months.
I'm scared shitless of the markets, and have been for 2 years. Had I left my money in, I'd just now be back to where I was. Gold and silver have been the ticket for the last 2 years (smartest move of my entire life, and I was scared to death when I pulled the trigger), and will be for the next 2, at least. Buy and hold, and forgetaboutit. Then sell it in a couple of years, and send me a thank you card