monsters | fasab

“Fight Against Stupidity And Bureaucracy”

You couldn’t exactly call yesterday “Black Friday” the way financial pundits like to do, but that traditional “safe haven”, gold, certainly lost a lot of its shine.

In fact the price of gold went into freefall, plunging the best part of $100 an ounce in a massive selling spree and ending up below the magic $1500 mark for the first time in a while.

I don’t think anyone is sure yet just what triggered the almost panic sell off on the Comex, but my gut feeling is that, once started, the computer generated trading gizmos used by the big hedge funds etc., kicked in big time and made matters go from bad to worse.

These automatic trading monsters trigger sales when a pre-chosen stop loss figure is reached, one stop loss sell off triggers the next and so on until there is a massive market plunge, as happened yesterday. The same could just as easily happen on the stock market.

What most ordinary folks don’t realize is that the majority of traders in the financial markets are idiots. They just hang around looking at their screens and then follow whatever they see happening. It’s the herd mentality syndrome. When the big boys start to sell then the little boys follow suit and the whole thing goes from bad to worse, often without anyone really knowing who started it or why it is happening.

That seems to have been the case yesterday as there were no catastrophic economic indicators, like major inflation fears, currency collapses, etc., to trigger a significant movement one way or the other.

Whatever caused it, it is a warning to investors to be cautious. It could be a blip or the harbinger of turbulent times ahead.

Although there are many doom-and-gloom merchants with their “the end is nigh” web sites urging their followers to dump paper money, fiat currencies they call them, and stock up on gold, the truth is that gold has not been a good investment in recent months and years.

By definition the very worst a good investment should do is hold its value in line with inflation – if it doesn’t you are losing value.

For almost two years now gold has been steadily falling in value. Anyone who bought, for example, in August or September 2011 has seen their investment fall significantly in value – down by more than twenty percent in fact. You put $10,000 in, you get less than $7,900 out, and the dealers take their cut both ways.

So will the bear market for gold continue or was Friday just a glitch? Well, if you could answer that one for certain you would be able to make a lot of money.

My feeling, for what it’s worth is that the price will probably fall further. Maybe not so dramatically as yesterday, but it could easily trickle downwards to the $1200 region.

That assumes no dramatic sell offs by bankrupt governments and banks, because that is definitely a last resort measure that they would be most reluctant to take. If or when it does happen it means BIG financial trouble for everyone.

So will gold ever be a good investment again?

Warren Buffet never thought so, but it could be. Possibly a very good investment. But probably not a long term hold. Many western economies are just hanging together at the moment. The amount of debt and insolvency has to mean that at some stage the normal investment vehicles like currencies, stocks, bonds etc., will start to suffer and people will turn back to “safe havens” like gold.

IF you buy at the right time, and remember that you need to get rid of it and fast when the cycle turns again, you could do very well. But I wouldn’t jump in and buy it just yet.

Take it away Shirley….

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“Fight Against Stupidity And Bureaucracy”

Yes, time to put the fears behind us. This is the final selection of curious and sometimes amusing fears and phobias that affect some people. Irrational but very real to them. Irrational and very silly to the rest of us.

So here we go, ‘T’ thru ‘Z’.

Enjoy.

Tachophobia ……….fear of speed.

Taijin Kyofusho ……….a phobia which occurs most typically in Japan, is the fear of offending others by one’s inappropriate social behavior or appearance

Taeniophobia or Taeniophobia ……….fear of tapeworms.

Taphephobia Taphophobia ……….fear of being buried alive or of cemeteries.

Tapinophobia ……….fear of being contagious.

Taurophobia ……….fear of bulls.

Technophobia ……….fear of technology.

Teleophobia ……….fear of 1) definite plans; 2) religious ceremony.

Telephonophobia ……….fear of telephones.

Teratophobia ……….fear of bearing a deformed child or fear of monsters or deformed people.

Testophobia ……….fear of taking tests.

Tetanophobia ……….fear of lockjaw, tetanus.

Teutophobia ……….fear of German or German things.

Textophobia ……….fear of certain fabrics.

Thaasophobia ……….fear of sitting.

Thalassophobia ……….fear of the sea.

Thanatophobia or Thantophobia ……….fear of death or dying.

Theatrophobia ……….fear of theatres.

Theologicophobia ……….fear of theology.

Theophobia ……….fear of gods or religion.

Thermophobia ……….fear of heat.

Tocophobia ……….fear of pregnancy or childbirth.

Tomophobia ……….fear of surgical operations.

Tonitrophobia ……….fear of thunder.

Topophobia ……….fear of certain places or situations, such as stage fright.

Toxiphobia or Toxophobia or Toxicophobia ……….fear of poison or of being accidently poisoned.

Traumatophobia ……….fear of injury.

Tremophobia ……….fear of trembling.

Trichinophobia ……….fear of trichinosis.

Trichopathophobia or Trichophobia ……….fear of hair. (Chaetophobia, Hypertrichophobia)

Triskaidekaphobia ……….fear of the number 13.

Tropophobia ……….fear of moving or making changes.

Trypanophobia ……….fear of injections.

Tuberculophobia ……….fear of tuberculosis.

Turophobia ……….fear of cheese

Tyrannophobia ……….fear of tyrants.

Uranophobia or Ouranophobia ……….fear of heaven.

Urophobia ……….fear of urine or urinating.

Vaccinophobia ……….fear of vaccination.

Venereophobia ……….fear of catching a venereal disease.

Venustraphobia ……….fear of beautiful women.

Verbophobia ……….fear of words.

Verminophobia ……….fear of germs.

Vespertiliophobia ……….fear of bats.

Vestiphobia ……….fear of clothing.

Virginitiphobia ……….fear of virgins.

Virginitiphobia ……….fear of rape.

Vitricophobia ……….fear of step-father.

Vokephobia ……….fear of returning home.

Walloonphobia ……….fear of the Walloons.

Wiccaphobia ……….fear of witches and witchcraft.

Xanthophobia ……….fear of the color yellow or the word yellow.

Xeniaphobia ……….fear of foreign doctors, usually having to do with strong foreign accents making it difficult to understand their English. Also, if travelling in a foreign country, the fear that doctors may have inadequate medical skills.

Xenodochiophobia ……….fear of foreign hotels that could include the fear that there won’t be soap, the kind of toilet paper that you like, clean towels, or good maid service.

Xenoglossophobia ……….fear of foreign languages.

Xenonosocomiophobia ……….fear of foreigners who are pick-pockets.

Xenophobia ……….fear of strangers or foreigners.

Xerophobia ……….fear of dryness.

Xeroxophobia ……….fear of using anything made by Xerox, or fear of office equipment in general.

Xylophobia ……….fear of 1) wooden objects; 2) Forests.

Xyrophobia ……….fear of razors.

Zelophobia ……….fear of jealousy.

Zemmiphobia ……….fear of the great mole rat.

Zeusophobia ……….fear of God or gods.

Zoophobia ……….fear of animals.

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