Goldbug Predicts That Gold Stocks Will Explode

Goldbug Howard S. Katz predicts that gold and gold stocks are about to explode and that interest rates are on the way up:

"Gold acts as a representative commodity, and the past year has seen a pause in gold and gold stocks, which have been resting and gathering strength. The explosion in gold stocks since late June indicates a massive up move over the remainder of the year. This is your chance to stick it to the economic establishment.."

In his July 16 blog, Katz notes that the Fed and Keynesian monetary policy interfere with the free choices of economic actors and that during the past two decades Fed policy has harmed retirees and others who depend on short term interest payments. One cannot, argues Katz, create wealth by expanding the money supply.