This Holiday season has been truly unique for me.
Well, about four weeks ago, one of my brothers called me up
from northern Minnesota. He said, "John, guess what, I have
some big news!" And I asked, "What?" He said, "I am getting
That is big news. I asked, "Who is the bride?" And
he said, "She's a Russian speaking girl from the Ukraine." Wow.
Even bigger news.
Then I dared asked, "Where is the wedding?" And he said,
"It's going to be at your place in Los Angeles two days after
Christmas!" Wow. At my place?
That means for the very first time, I am hosting both
Christmas Eve, Christmas, New Years…and a trans-national wedding
at the beach. Wow.
I am already helping pick up Russian speaking people at LAX,
who are flying over Greenland to get here, and meeting Russian
movie stars on the plane.
I have had to decorate for the first time. Southern
California Xmas tree? No problem. Lights? No problem.
Stockings? No problem. And the eggnog for the
trans-national wedding party is in the fridge too. An
adaptable chap I am.
That background gets me to my Real Time Insight. One of the
Xmas icons you see when buying Xmas stuff for the first time is
Three Wise Men
Gold, Frankincense, and Myrrh
in from the East.
Which leads me to my Holiday spiced query for all of you --
I have noticed Gold (around $1640 an ounce, off its $1802
early October peak), Silver (around $30 an ounce, off its early
October $35 peak) and Platinum (around $1560 an ounce, off its
early October $1735 peak) have sold off. Meanwhile, stocks have
been range-bound and higher in the range.
What is driving the precious metal sell-off? How long
does it last? And what does this sell-off foretell about
the global economy, stocks, and our intertwined global monetary
systems in the New Year?
ISHARS-GOLD TR (IAU): ETF Research Reports
E-TRC UBS LG PL (PTM): ETF Research Reports
ISHARS-SLVR TR (SLV): ETF Research Reports
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