So how well has gold performed over the past 5 years?

Pretty good.

I still remember that top investors all saw gold as having no value.  Well it certainly never LOST value out performing all the other asset classes.   Maybe that's what they meant?

=)

G

DISASTER WATCH: Oh This VACANT SUMMER

It's like they're all on vacation and the pot was left on the stove and has gone dry... meltdown coming IMO

The market is losing its (partici)pants.  The masters of the equity universe are leaving the building.  Methinks they've gone too fr driving everyone from the game.

Is it too late for gold with big bad Bernake's helicopter without fuel?

G

More to come.

YIKES!—Bill Gross joins the 'Stocks are Dead' Club—is the end near?

As I said—YIKES!

G

After the the " Flash Crash", MF Global Theft, and today's recent market glitch. It's no surprise that many are abandoning the market in droves. We been witnessing this for years which is apparent by the anemic market volume. The below article is about Bill gross joining the stocks are dead club. There is very little confidence left or people with jobs to be participants, retail has been dead for years. All that there is now is institutions and hedgies with black box algo systems, so this is the new normal. Sad days indeed.

I personally have been still trying to find the bulls in this whacky market and ACI JAG are a few of recent, but as I told much of you over the years, take the profits out of the stocks and put them into something real. The financial cliff is approaching and I wouldn't want to be holding paper when it hits.

-by TheInvisibleHand
-----------------------------------

Bill Gross Is Latest to Join 'Stocks Are Dead' Club

By Jeff Cox | CNBC – Tue, Jul 31, 2012 1:11 PM EDT

Stocks will no longer generate the kinds of returns they've had over the past century, ending the "cult of equity" that has been Wall Street's mantra for generations, Bill Gross, managing director at bond giant Pimco, says in his monthly market analysis.

He also predicts the stock market's consistent annual return will be reduced to a "historical freak" that will never be repeated.

Read more here

Investing Legend Quits the Markets as it Continues to Destroy Itself

Nasty day today!

Clearly, the powers-that-be are losing it.  Legends are leaving not just electing to stand on the sidelines.

How soon will 'they' let gold run?  Are they ready yet?  It looks to me that we do not have long to wait.

Funny money is getting a 'black-humor' quality while gold remains cheap in the face of growing cracks in the monetary systems machines.

G

First article:

Investing Legend Louis Bacon Has Had Enough Of Algos And Central Planners, Calls It Quits

Markets are toast as Louis Bacon plans to give back 25% of his fund to investors as "liqudity and opportunities have become more constrained." As Bloomberg notes, Bacon is struggling to make money in his typically macroeconomic trend exploiting fund as "the risk on / risk off environment appears to be an abiding presence that has keep engagement low." Macro funds lost an average of 1.3 percent in the first six months of the year. Bacon, pointed out that "Markets are increasingly distorted by central banks’ attempts to squeeze drops of growth from an over-indebted private sector across much of the developed world." The U.S. markets are hindered by "a caustic political environment and an anti-business administration," he said.

U.S. banks have retreated from making markets in many securities because of the Dodd-Frank legislation, which limits them from trading for their own accounts. Bacon added that 'in some Kafkaesque absurdity,' the rule is "named after the two high protectors from regulatory oversight of perhaps the most egregious of U.S. financial miscreants, Fannie Mae and Freddie Mac."

Bacon pulls no punches as he goes after inept regulators in Europe and the US, and describes the state of affairs as "Disaster Economics, where assets are valued based on their ability to withstand a lurking disaster as opposed to...

Read full article in Zerohedge here. 


Second article:

Algorithm — The Madness in the Machine

 With this kind of brainlessness allowed in the markets it's no surprize that so many are out of the markets where the machines play!

Broken Market Chronicles: Algos Gone Autosell Wild - Video Explanation Of What Happened

Still scratching your head over what happened this morning (this would be everyone at the SEC but not their porn webstream vendors - even they by now realize just how broken the market is)? Don't be - courtesy of Dennis Dick and Premarket Info, here is a 20 minute video explanation parsing the tape and showing precisely what happened that impacted nearly 150 stocks.

Read more here