NEW YORK (TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.
Last week, Kass wrote about what determines the price of gold and why he values fundamental analysis.
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Worth Its Weight in Gold
Diaz (Rene Enriquez): And now, as is our annual custom, each citizen of San Marcos will come up here and present his Excellency with his weight in horse manure.
General Emilio M. Vargas (Carlos Montalban): Horse manure? I thought they were diamonds.
Diaz: We are an agrarian country.
General Emilio M. Vargas: Yes, but horse...
Diaz: You will fertilize your personal crops. Sometimes food is more valuable than gold.
Read More: 10 Stocks Carl Icahn Loves in 2014For some reason, I have received an abundance of subscriber emails this week asking me about my thoughts on the direction of the price of gold. I suppose it might be due to the unexpected breakdown in the commodity's price in the face of rising geopolitical tension around the globe.