Reply #5: Puplava is a good mechanic. [View All]

[ozymandius]

I post the stock thread every morning and start with the day's WrapUp - often an analysis of the previous day's stock markets' performance. When Puplava authors the WrapUp you can count on him being cynical and deferential to gold. His cynicism is an attribute I value. But when one looks at the salient elements of his opinions (the ones that are purely the Hows and Whys) then I believe that he presents a very meticulous critique of the smoke-and-mirrors gag that epitomize the markets today. Warren Buffett agrees.

I do not think that Puplava (and anyone who follows recent market history and policy) has forgiven anyone for the utter lack of oversight into the Enron-like financial transactions that gave us the tech bubble of the late 90s. The SEC has been utterly useless on this issue.

I would heed Puplava's warnings. I am not telling you to buy gold, by the way. What I do mean to say is that if anyone tries to sell you something by giving you a lot of bad news, he is a poor salesman. Gold is not his main product. Being correct in forming his opinions is his stock in trade.