Clearly there is a momentum towards gold at work. It is flirting with 500 and the indications are it should go through it. That will be a worldwide headline and will attract more buyers.
More Quotes from David Kotok:
Over the last few years, we've had a number of clients liquidate a portion of their stock portfolios and move it to real estate. Real estate has become an asset class with its own momentum, and it is natural for strategists to write about it.David Kotok
The question is how informed are you If you don't know what's in the index, you are making a mistake no matter what the index is. If you don't know what's in an index, you shouldn't be buying it.
David Kotok
Longer-term rates will not rise dramatically as long as the Fed keeps the short-term policy rate at 1 percent. However, the pressure for upward movement in bond rates is already there and will persist.
David Kotok
Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.
David Kotok
DRPA bridge users are paying the price for the current standoff. At least those who are playing the bond positions correctly can get some of their toll dollars or tax dollars back. For the rest of the folks, let me just add that it is costing you thousands of dollars a day.
David Kotok
I hate to say it, but war is good for stocks.
David Kotok
Readers Who Like This Quotation Also Like:
Based on Topics: Work & Career QuotesDespite all odds we have emerged as one people and one country.
Yahya Jammeh
In this game of baseball, you live by the sword and die by it. You hit and get hit. Remember that.
Alvin Dark
In Great Britain the price of food is at a higher level than in any other country, and consequently, the British artisan labours at a disadvantage in proportion to the higher rate of his food.
Joseph Hume