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By establishing a stable of the most highly respected writers in the industry in a very balanced manner, we serve to keep the standards of content as high as possible. While other sites aggregate content without any regard for quality or credibility, we strive to provide users with a site offering balanced, objective, professional opinion and research while giving users the ability to interact with their favorite contributors and utilize the latest technology to get hard hitting answers to hard hitting questions.
Our users have the opportunity to sample newsletter styles to help them find a fit for their investment objectives, interests, and preferences, as we hope to create a sounding board for exceptional minds to convey their vision of the markets to an intelligent audience in a consistent manner. For all the broken clocks, one horse races, and single tune instruments, there are writers adapting, researching, and strategizing.
The former group is representative of what is wrong with many sites in existence today. The latter group represents practicality and reality.
We also strive to provide a site that not only gives the user the highest quality content and most progressive technological integration, but as well adapts to the user’s preferences and demands. In other words, greenfaucet is here to provide for the user. Who is the user? You the broker. You the fund manager. You the individual investor. You the day trader. Whoever YOU want to be.
Gold Parties: Bullish or Bearish?
By Chip Hanlon, greenfaucet - Global Stock Market and Investment Commentary
Interesting precious metals article over at Marketwatch... apparently, people are holding Tupperware-like parties in their homes, but instead of buying stuff, they're selling it-- their old earrings, necklaces and other gold jewlery.
At first glance, I had a similar reaction to the one I wrote about the other day when seeing that CNBC report on the gold brokerage which was doubling its sales staff by hiring out-of-work mortgage brokers: if people are this aware of gold's elevated price, that has to be a sign of a precious metals bull market that is near its end.
But then I thought: wait a second, they're not buying up gold like shares of theglobe.com, they're selling it. And, they're clearly selling it for a lot less than it is worth if the gold dealer has enough margin to send a semi-trained representative to the party to test the purity of the jewelry, estimate a value and pay cash for it, pay commissions to that person as well as the party's host and then melt it down before finally selling the metal at a profit! If people are letting go of their gold so cheaply, then that has bullish implications for the age of the gold bull market, doesn't it?
I'm of two minds and still haven't decided what to make of this. Regardless,I thought it was curious enough a story to pass along. If you read the article linked to above and come to a decision, let me know your thoughts...
Interesting precious metals article over at Marketwatch... apparently, people are holding Tupperware-like parties in their homes, but instead of buying stuff, they're selling it-- their old earrings, necklaces and other gold jewlery.
At first glance, I had a similar reaction to the one I wrote about the other day when seeing that CNBC report on the gold brokerage which was doubling its sales staff by hiring out-of-work mortgage brokers: if people are this aware of gold's elevated price, that has to be a sign of a precious metals bull market that is near its end.
But then I thought: wait a second, they're not buying up gold like shares of theglobe.com, they're selling it. And, they're clearly selling it for a lot less than it is worth if the gold dealer has enough margin to send a semi-trained representative to the party to test the purity of the jewelry, estimate a value and pay cash for it, pay commissions to that person as well as the party's host and then melt it down before finally selling the metal at a profit! If people are letting go of their gold so cheaply, then that has bullish implications for the age of the gold bull market, doesn't it?
I'm of two minds and still haven't decided what to make of this. Regardless,I thought it was curious enough a story to pass along. If you read the article linked to above and come to a decision, let me know your thoughts...
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