By: Bill Bonner & The Daily Reckoning Crew - 15 February, 2008
-Bernanke didn't do much to help the gloomy outlook…the world is over-leveraged… -"Project Lifeline" is not a new reality show, unfortunately…maybe we won't have the recession they all expect… -What tricks does Mr. Market have up his sleeve?…when you're on top of the world, there's only one place to go…and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 15 February, 2008
In perhaps one of biggest ironies to ever to come out of Washington, this week Congress simultaneously pilloried major league baseball players for using artificial stimulants to pump up their performance while passing legislation to do just that to the national economy. Am I the only one laughing? Full Story
By: Dr. Ron Paul, U.S. Congressman - 15 February, 2008
In conclusion, Madam Speaker, allowing for competing currencies will allow market participants to choose a currency that suits their needs, rather than the needs of the government. The prospect of American citizens turning away from the dollar towards alternate currencies will provide the necessary impetus to the US government to regain control of the dollar and halt its downward spiral. Full Story
Regarding forecasting, consider one Sector - - The Bond Sector. This Sector reveals that the damage to institutions built on “collapsing paper” has only just begun. If not contained, this damage could spread throughout the entire Financial System. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 15 February, 2008
Crude oil’s fundamentals are extraordinarily bullish. Global demand for oil is growing relentlessly, and most consumers have little choice but to pay virtually any price for this critical fuel. Meanwhile global production growth is slowing as old oilfields deplete and major new finds become exceedingly rare. Full Story
By: Jason Hommel, Silver Stock Report - 15 February, 2008
Yes, the U.S. financial system is perfectly fine. There is no risk of financial collapse, nor any need to worry about any dollar decline, since the people trust the U.S. more than any other system, and any other thing. Full Story
As the Wolf wave of income growth spreads throughout the G7 (see 2008 outlook in the archives at www.TraderView.com), the last several years of financial alchemy lights fires to bond markets, banks and financial institutions worldwide. The complete and absolute mispricing of risk since Alan Greenscam, er Greenspan, became Federal Reserve chairman in 1987 is now causing the great inflationary crisis predicted by Ludvig von Mises. Full Story
By: Marin Katusa and Dr. Marc Bustin - 15 February, 2008
In the following special report, Marc explains the complex geological nature of unconventional gas, and identifies the crucial factors that make, or break, a company exploring for this tricky – but potentially lucrative – commodity. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 15 February, 2008
Central bankers and finance ministers from the world’s top-10 economic powers, huddled behind closed doors in Tokyo last weekend, trying to work out a joint strategy to rescue the global stock markets from another possible meltdown. Roughly $6-trillion was lost on global stock markets in the month of January, triggered by the biggest financial crisis since the Great Depression, and a US housing slide, that could topple the giant US economy into recession. Full Story
Like frightened rabbits scurrying back to the apparent safety of their hutches, investors rattled by the sub-prime shocks and the associated tremors in stockmarkets have been fleeing to the perceived safety of Treasury Bonds and Notes. The bad news is that this time the poacher knows where the rabbits are hiding and rabbit stew is on the menu tonight. Full Story
By: Richard Daughty, The MOGAMBO GURU - 15 February, 2008
And it is made absolutely terrifying when you learn that all of the money that has been lost is, amazingly, borrowed and is still owed! Hahaha! This is the downside of having an economic system where debt creates money! Hahaha! Full Story
By: Rick Ackerman, Rick's Picks - 15 February, 2008
Keen to short the shares of Citigroup, as well as those of the casino operators and certain other publicly traded companies hurtling toward certain disaster, we’ve patiently awaited the powerful short-squeeze that would finish off recalcitrant bears who survived January’s 1,100-point Dow rally. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 14 February, 2008
-Buffett tells his receivers to go long…the importance of a good moat in making money… -Most U.S. dollars don't speak English…good credit is not a guaranteed savior… -Clovis cleaves the vase destroyer…St. Valentine's Day - the baptism of Feudalism…and more! Full Story
As this bull market progresses forward in the precious metals and commodities sector, we should be ever mind full of the potential risks as we move higher. If you are saying what bull market? We understand. The junior mining shares have lagged greatly up till now and may continue to do so but we believe this situation will resolve itself soon with the juniors catching up and catching up very fast. Full Story
By: Bob Chapman, The International Forecaster - 14 February, 2008
The desperation of the cartel and of the sociopathic denizens that control its many diabolical components, which include the Fed, Wall Street, corporate America and our corrupt-beyond-belief government, has become almost palpable. Full Story
By: Nick Barisheff, Bullion Management Group Inc. - 14 February, 2008
Many investors believe their portfolios have exposure to precious metals because they hold stocks in mining companies. But as a safe haven, no gold or silver or platinum stock (or even an ETF) compares with physical bullion. Full Story
By: Richard Daughty, The MOGAMBO GURU - 14 February, 2008
And it doesn't take a real genius to see that higher costs for producers means they will have to charge higher prices, which means that when Brits buy something from now on, they will pay higher prices. Full Story
By: Rick Ackerman, Rick's Picks - 14 February, 2008
As if preparing for a spectacular suicide, stocks once again rampaged higher, blithely ignoring yet one more glaring sign that the financial system is falling apart. The Dow settled up 179 points on the day, seemingly oblivious to a distress flare fired into the sky by Citigroup. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 13 February, 2008
-The latest dispatch from the front line as the battle continues…good news for Big Ben and his merry band of market manipulators… -The fed's Open Checkbook policy…the inexact science of central banking… -The poor stealing from the rich - and vice versa…could the United States dig out of this hole?…and more! Full Story
A profound broad gold rally is underway. It is occurring in almost every single major currency. Unsure about Zimbabwe though. In the last article, two major forecasts were made, both hit squarely. The euro fell, heading toward the 143 stated target forecasted. Talk circulates about the Euro Central Bank eventually cutting interest rates. Pressure will grow enormously. Full Story
You just keep writing the checks, Senator – and get the Federal Reserve to keep US interest rates way below inflation. We'll just keep Buying Gold outright – with no default risk – and store it in privately-owned, ultra-secure gold vaults, far outside the world's banking system. Full Story
The market has been unkind to junior resource stocks for the last several months, but it has reserved special treatment for uranium juniors, whose management are sounding increasingly depressed and suicidal. The reason is plain to see – the price of uranium is heading south in a hurry, and that has many investors asking, “What exactly is the condition of uranium fundamentals now?” Full Story
The turmoil in the stock markets hit with full force, and the bulls are still trying hard to fix the damage, but the outlook is still gloomy among investors and it seems that the troubles plaguing the markets aren’t over by a long shot. Full Story
Public financing used to be a low margin and low profile business compared to all the other business for investment banks. It is not that much different than the real estate mortgage business in the good old days. The last 7-10 years, however, similar to the increasing mortgage securitization and MBS products, there have been a large increase of complex OTC municipal derivative contracts between municipalities and investment banks. Full Story
By: Nelson Hultberg, Americans for a Free Republic - 13 February, 2008
"Here we are yet again in the midst of another 'global economic crisis'," says financial analyst, Nicholas Vardy, editor of The Global Guru. Vardy is not reporting, but mocking. For he is one of the establishment cheerleaders respected by Wall Street, and he does not look kindly upon those considered to be bears in today's world. There was a lot of castigation in his latest missive to us in the hinterland (2/5/08). So what I wish to do in this essay is investigate some of Vardy's derisive barbs and see how substantive they really are. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 13 February, 2008
Gold continues to do well but we are still impatiently awaiting the gold mining stocks to follow gold’s lead. What’s happening? Any reason for this? What do the statistics say about the gold equities? Full Story
A group of economists at the IMF want to sell Gold to buy debt paper in order to earn interest income to pay the salaries of a bunch of economists asleep at their desks. Such is not the kind of thinking that makes market tops. Sounds more the thinking that went into the Bank of England sales in 1999. Full Story
By: Rick Ackerman, Rick's Picks - 13 February, 2008
Warren Buffett played the White Knight on Wall Street yesterday, promising to single-handedly buttress debt markets by writing secondary insurance on up to $800 billion of municipal bonds. Someone pointed out that it is not the muni bond market that is in trouble, but rather structured financial products. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 12 February, 2008
-Quiet on the Western front - or is it…war always produces surprises…commodities are on fire… -Warren Buffett is bullish on the United States…is the United States poised for a comeback? -The papers say the smart money is going with Obama - but anything could happen, dear reader…and more! Full Story
Frankly, I think the case for silver is more compelling today than it was five years ago. When we compare today’s circumstances with the current price, silver looks better today. Of course, a 50-cent sell-off then is the equivalent of a $1.50 sell-off now. But a tripling in price then brought us to $13 to $15, now triple brings us to $40 or $45. Full Story
Above ground inventories are dwindling, and demand continues to outstrip supply at a pace of 200 million ounces a year. Investors like Warren Buffet realize this and are taking advantage right now. But the best profits are not in holding bullion itself. Looking to add stocks of silver miners to your portfolio is the cheapest way to gain the greatest chance for skyrocket profits. Full Story
By: Steven Saville, Speculative Investor - 12 February, 2008
Large vertical price rises are always bearish beyond the very short-term because they only ever happen towards the ends of rallies. The coal market will clearly reach some sort of top over the coming weeks, but there is no way of knowing whether it will be a short-term or an intermediate-term peak (it will almost certainly NOT be a long-term peak). Full Story
By: Richard Daughty, The MOGAMBO GURU - 12 February, 2008
The dollar going down in purchasing power, which is the same as an increase in prices, has cost them 13% in one year, all thanks to the despicable Federal Reserve creating all that money and credit, so that the government could borrow it and spend it… Full Story
By: Rick Ackerman, Rick's Picks - 12 February, 2008
It was springtime on Wall Street yesterday as bulls evidently seized on the notion that an economic rebound is right around the corner. This nutty idea brought the shares of General Motors in particular to a froth. The stock rallied 6% in the space of six hours, settling back 50 cents to end the day at 27.08. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 11 February, 2008
-The Year of the Rat - and that's a good sign?…what the Giants winning the Superbowl has to do with our chance of a recession… -The fierce battle rages on…commodities and gold continue to hit new highs… -Can buying a house bankrupt you?… In loco parentis…and more! Full Story
Short sellers are having some fun these days, but by week’s end don’t be surprised to see a surprise rate cut by the Fed. Why not – they’ve botched everything else up so far, making our short selling activities both easy and very profitable. And a surprise rate cut will not change anything. All that need be done is to prepare. Full Story
From a long term perspective there is no real serious problem with gold. The indicators change very slowly so one does not expect sudden changes in the technical situation. Gold continues to trade well above its long term moving average line and the line continues to trend upwards. Full Story
It is difficult to guess gold’s reaction to the news, but it is clear that the metal’s fundamentals remain sound. Paper money is in oversupply, gold is in demand by investors and especially countries looking to diversify away from the US dollar. Full Story
By: Chris Powell, Gold Anti-Trust Action Committee Inc. - 11 February, 2008
Before panicking about the Reuters story appended here, reporting that the G7 conference in Tokyo likes the idea that the International Monetary Fund should raise money for itself by selling some of its gold reserves, consider a few things. Full Story
The way to protect yourself as an investor is to be where the bear is not. And the Bear is not in gold. The Bull rules the gold and precious metals markets. This applies to those of us who lack the experience and foresight to be “speculators” mopping up cheap stocks before the herd catches on. Full Story
Historians believe the earliest example of democracy occurred in India during the 6th century B.C. There is, however, an earlier example, the story of which was lost for centuries and only recently rediscovered. Full Story
A bear market has reasserted itself in the major stock indices. Lower highs and lower lows are occurring. This constitutes a downtrend. It is happening not only in the U.S. but in most foreign stock markets as well. Full Story
1st Hour: Headline news & market forecast. Spotlight Picks with big dividends. The International Forecaster and Chris Waltzek answer listener questions. 2nd Hour: John Williams, Shadow Stats Full Story
By: Bob Chapman, The International Forecaster - 10 February, 2008
Speaking of gold, it had a great week, especially on Friday, and finished up over $13 per ounce, while silver shot up $.38. The XAU and HUI gained back what the cartel pounded out of them earlier in the week. The USDX futures open interest dropped by a substantial 10,000 contracts, which means the phony dollar rally and dead cat bounce is over. Full Story
People tend to think in terms of black-and-white. Many of my correspondents think that either hyperinflation or deflation is in store for the dollar; tertium non datur (no third possibility given). I would say tertium datur. The third possibility is a hybrid of hyperinflation and deflation. Full Story
By: John Mauldin, Millennium Wave Advisors - 10 February, 2008
The evidence continues to mount that the US is in a recession. In this week's letter, we will look at the blind spot in the unemployment statistics, the continuing meltdown in the credit markets, and the simply awful service sector implosion in the ISM data, and then add a few thoughts on the housing market. There is a lot of data to cover, so this week's letter should be particularly interesting. The letter will print longer than normal, since there are lots of graphs. Full Story
By: Rick Ackerman, Rick's Picks - 10 February, 2008
Gold passed every strength test we could devise last week, ending on an upswing that hints of significantly more upside to come. From a purely technical standpoint, we like the fact that corrections have been routinely reversing at Fibonacci-based supports, and that most of the subsequent rebounds have easily surpassed at least two prior peaks on the hourly chart without pausing for breath. Full Story
By: Richard Daughty, The MOGAMBO GURU - 10 February, 2008
Enough of this econometric claptrap crap! Lowering interest rates may send the stock of Mogambo Global Enterprises up, but the management (me) is still the same stupid embezzling halfwit who continually has us on the brink of disaster! Full Story
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