The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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June 21, 2013


Robert Takacs

CEF trading at a discount when it did not at the 2008-2009 bottom confirms that people are more bearish on gold now than at the market crash bottom. When closed end funds trade at a higher than normal discount it usually is a buying oppotunity. Almost all commodity funds are showing bullish divergences on the charts with the funds making lower lows and RSI and MACD making higher lows.
In my experience multimonth bullish divergences usually signal that a bottom and trend reversal are near.

 Dennis Elam

The closed end municipal funds I mentioned are also at substantial discounts. But multiple tons of gold have been dumped on the market, I suspect the intermediate low lies ahead in October.

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