This Week's Take-Out From Financial Sense Newshour Podcast

Financial Sense Newshour is a gold-bull podcast, so Friday's plummet was explained as a pullback. Part of the first segment was spent debunking the Friday jobs report, with the help of John Williams at ShadowStats. The drop in the unemployment rate was attributed to seasonal factors, and listeners were told to wait for January and February's reports to get the real score.

Regarding gold, it was speculated that China may be moving in to take advantage of the drop.

The same point made last week about gold-mining junior exploration companies was repeated this week: they're undervalued, although they're also quite volatile and are only for the patient and strong-stomached. I'll make the same point I made last week: at the climax of a gold bubble, the juniors would be flying - even the ones with little more than hopes and dreams propelling them. Right now, they're not.


To shift to a different Website: last Wednesday, Tim from "The Mess That Greenspan Made" pointed out that, for gold, what appeared to be a bubble from late 2008 until mid-last week is actually comparable to two previous upswings in the current bull market. The implication being, the current run-up isn't uniquely manic.

[I got the above link courtesy of "FromLori" over at the Free Republic.]