Gold - an alternative ?

The extract of this article by Jim Willie CB January 18, 2007 makes you wonder if gold is a safe haven or a 'mesti' (must) in Malay language.

"The most recent high profile mortgage distress signal came from HSBC, the world's third largest bank in marketcap size behind Citigroup and Bank of America. What an unmitigated disaster their acquisition was in 2003 of Household International, a lender to subprime borrowers. HSBC increased their loan loss reserves to $1.38 billion in Q3 from $1.25 billion in Q2, and reported a 3.99% delinquent rate (over two months past due) for mortgages, car loans, and credit cards. They admit not to doing their homework before the acquisition of Household, a financial firm specializing in deadly adjustable mortgages." Read more.

I think this is another 'mesti' (must) read : "...THEY WHO REFUSE TO STUDY THE PAST…" , by Aubie Baltin CFP. CTA, CFA, Phd. (retired).

Shall we turn to gold then :

1. An extract of an article by DrDoolittle, "The POG will most likely reach a new all-time each year for the next five years.". Read more.

2. Liquidity And The Global Bull Market Of 2007 by Cliff Droke

Look at that beautiful chart : BREAK OUT. (courtesy of www.stockchart.com)