Stuff That Interests Me

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comGold again today. I just can’t stop writing about it.Another day. Another new high. We touched $3,500 in the early hours of yesterday morning.That’s 27 new highs in the gold price so far this year.Yet there is still something about this bull market that doesn’t feel right or complete: it’s not confirmed by silver, which should be trading north of $50. Instead it’s mired around $32. Nor is this bull market confirmed by the miners, which, in most cases, are nowhere near all-time highs.Nevertheless, on the basis of gold’s price relative to equities, commodities and houses, as outlined last week, gold is starting to look expensive. Is it time to have an eye on the exit?In the short term, maybe. It’s overbought. We are going into a weak time of year for gold (May to August). But that’s why I like physical. It stops you trading!How about this for a chart?It now takes more work than at any time in the last 100 years to buy an ounce