By: Bill Bonner & The Daily Reckoning Crew - 15 September, 2006
-Are we looking at the leading edge of a credit deflation? It's gotta come sometime - why not now? -Chris Mayer and Kevin Kerr on CNBC's Closing Bell at 3:40 pm (EST)... -More views from Niall Ferguson...reasons to not sip your Guinness...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 15 September, 2006
Gold’s bull market is far from over. In fact it has barely begun. The fact that each correction is immediately interpreted as being the bursting of a bubble, with precipitous declines looming on the horizon, actually supports this view. Genuine bull markets, especially those that take on bubble like proportions, seldom fail to make record highs. In the case of gold and silver, neither has achieved such milestones. When prices are adjusted for inflation, they haven’t even come close. Believe me, by the time this bull market really ends, those highs will be distant memories. Full Story
With the release of the U.S. Mint's new pure gold American Buffalo gold coin, First Strike coins have again become telemarketers' favorites. Despite the U.S. Mint maintaining that there is no widely-accepted and standardized numismatic industry definition of "first strike" coins, they definitely exist in the coin industry, and potential buyers need to be aware just what First Strike coins are and why they are promoters' favorites. Full Story
By: Chris Mayer & The Daily Reckoning Crew - 14 September, 2006
-It is the Mother of All Bubbles...the Hindenburg of derivatives... -Debt for all seasons...there must come a day when the bubble takes a bath...hollowed out institutions... -Is the bull market in commodities over?...we're still waiting for the War on Peanuts...and more! Full Story
Gold’s chart clearly shows that the bull market is far from over. Despite a recent decline back to just below $600, the long-term trend of rising prices is still fully intact. Indeed, gold merely got a little ahead of itself. Now, it’s coming back in line with a more stable pattern of price gains. In short, a normal, healthy pullback. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 14 September, 2006
It never hurts to remind ourselves why we are in this game today. So, we both come to the conclusion that gold is the best investment now and for the longer term. So how do we profit from gold personally? I guess we come back to that simple question of how to actually make money and how do we build capital and prosperity. Full Story
By: Bob Chapman, The International Forecaster - 13 September, 2006
In 1913 our Constitution was violated by the passage of the Federal Reserve Act and as a result of that transfer of power our American banking system is bankrupt. There is no possible way that the banking system, as it presently operates, can continue to operate on its own. The federal government must put the Federal Reserve (a private corporation owned in part by foreign banks) into receivership. As opposed to Europe, the banking system must submit to the government. If we are to save our monetary system we must act with all haste to legally terminate the Federal Reserve System, otherwise we will enter into a period of financial chaos. Full Story
By: Kurt Richebächer & The Daily Reckoning Crew - 13 September, 2006
-Nothing fails like success...guess who has the worst current account balance in the world? -Record trade deficit for the United States...heading for a meltdown... -Always pay attention to the odds...investors who think differently always have an advantage...and more! Full Story
By: Richard Daughty, The MOGAMBO GURU - 13 September, 2006
My sense of humor is gone, joining my hair and youth in Mogambo Heaven, replaced by a sense of panic, and I'm really, really, really starting to get freaked out here. Today, for example, I am freaked because this housing bubble has stopped expanding, because that means less profits are being made, just like all the other times when all the other bubbles deflated. Full Story
By: Rick Ackerman, Rick's Picks - 13 September, 2006
Moreover, in yesterday’s Touts I proffered a downside target for Newmont Mining that has the potential to yield the first low-risk buying opportunity in the stock since May of 2005. It was complemented in yesterday’s chat room by a projection for December Gold that is not apt to please the hard-money crowd but which most surely has their best interests at heart. I never promised I would break it to you gently, and although I remain a long-term bull on gold, I will never, ever become a cheerleader for the stuff unless the technical evidence demands it. Full Story
By: Dan Amoss & The Daily Reckoning Crew - 12 September, 2006
-For whom the bell curve tolls...market misconceptions and miscalculations equals great opportunities to profit... -Gold below our buying target...The Nation That Fell to Earth... -Is the world any safer since 9/11?...the British bomb plot...and more! Full Story
By: Steven Saville, Speculative Investor - 12 September, 2006
During much of the period between August of 2001 and July of 2003 one of the major concerns in the financial world was that deflation had become a legitimate threat. In fact, the fear of deflation became so pronounced during 2002 that Greenspan felt the need to wheel-out Ben Bernanke to discuss, in very blunt terms, the Fed's ability to devalue the currency by creating unlimited amounts of the stuff. Full Story
Process continues to unfold since our last meeting on the subject matter presented below, where market conditions appear to be morphing as expected. There is of course no guarantee this will continue however, which is why it has paid to keep your eye on the ball over the past few years in determining market direction. Of course this is easier said than done, where many a fortune has been lost attempting to short the stock market since 2002. This is why when you find a formula that works, it’s as good as gold, especially if works for gold as well. Read on if you are interested in discovering how these abilities can be incorporated into your trading / investing endeavors. Full Story
By: Sol Palha, Tactical Investor - 12 September, 2006
250 billion dollars of China’s reserves are in U.S. Treasuries. Now you know who the true power really is; the one that holds the strings to the purse is usually the puppet master. If they even hinted that they were going to dump these treasuries watch interest rates skyrocket and the market crash. If they actually dumped them the scenario would be utterly devastating and crippling for the majority. This means that the U.S. is only in a position to bark to try to fool the world that they have some say in China’s policy-making decisions. They lost the ability to bite China long time ago. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 11 September, 2006
-Nature doesn't tolerate a monopoly for too long...an empire that can't turn an imperial profit better find a new business... -Wilsonian hallucinations...no shortage of homemade circuses in Washington... -Have we become another statistic of the worldwide housing bubble?...when all else fails, blame the media...and more! Full Story
In part one, the show begins with a recap of this weeks top market headlines. Next, the Goldwizards join me to discuss the markets. Ever bullish, Bob Chapman shows why gold will shoot to 1,700 in the next few years as soon as 2008. He offers a gold stock that he thinks could triple or more in the next few years. Next, Gary Kaltbaum continues to monitor the semiconductor sector for market clues. He believes the semi's are the best leading indicator. Plus, Jack Chan tells listeners how to glean valuable information from the COT data and provides a website with free COT charts.
In part two this week, legendary market watcher Joseph Granville is skeptical regarding the recent stock market rally. He thinks that the trend has changed and that the short sellers are in control and making money. Joe cites a bearish Dow Theory divergence as the catalyst which could bring the entire market to its knees. He tells market neophytes and experts alike how to implement his proprietary indicators, the OBV and the Granville New High/Low. He also explains that although company earnings is a poor forecasting tool, it remains the most watched statistic by Wall street and Main street alike. Next, the dollar is collapsing according to Kal Gronvall. Kal is concerned that silver bugs may be misguided and he lays out his plan for all precious metals investors. He's a much bigger fan of gold at these levels. Kal is absolutely convinced that the dollar will collapse within less than three years. Full Story
By: Brady Willett and Todd Alway - 11 September, 2006
With the US housing market building towards what could be a momentous bust, who will be remembered as the Henry Blodget or Abby Joseph Cohen of the US real estate bubble 5-years from now? There can be only one. Full Story
By: Bill Murphy, Le Metropole Cafe, Inc. - 10 September, 2006
The entire US financial market system has become a total joke. While US interest rates dropped again, the dollar soared and gold and silver were trashed. Naturally, after two down days, the US stock market came in a fair amount higher and stayed that way. Full Story
By: Bob Chapman, The International Forecaster - 10 September, 2006
On Friday, the dollar soared as the Fed’s repo pool stoked the fires and gold and silver were pounded. This is part of the plan to keep gold near $600 and silver near $12.00 in anticipation of the election. They also hold interest rates in this zone and the Dow within 600 points. Investors are being insulated from the consequences of risk by intervention. That leads them to come into the market again and again. This is the concept of moral hazard or the Greenspan put. This is the tactic of the expectation of official intervention. Full Story
By: John Mauldin, Millenium Wave Advisors - 10 September, 2006
"The opera ain't over 'til the fat lady sings." And speech after speech by members of the Federal Reserve over the past few weeks suggest that the fat lady is still waiting offstage, not sure of her cue. Today we look at a thoughtful speech given last night to a private gathering by Richard Fisher, President of the Federal Reserve Bank of Dallas. We then look at a few worrisome charts on global liquidity and inflation and some more data on housing. Full Story
By: Rick Ackerman, Rick's Picks - 10 September, 2006
Is the Second Great Depression on its way? Not according to Bob Bronson, whose downbeat quantitative forecasts have been featured here often. Bob predicted the current housing bust fully two years earlier than most of his colleagues, and I don’t mean to suggest that he was premature. In fact, using rigorous analysis, Bronson Capital Markets Research saw a topping pattern in real estate that most other observers either failed to notice or regarded simply as a bullish plateau in a more or less endless boom. Full Story
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