|
Weekly Archive
By: Bill Bonner & The Daily Reckoning Crew - 16 November, 2007
-Parma has their tortellini in a twist…levitated by an unseen force…a new acronym for readers with real lives…
-Vigorous denials of dodgy debt…sopping up the exra liquidity… suffering from an outbreak of "manifestations"…
-Addicted to Americanos…Starbucks suffer from lack of U.S. bucks…more to life than soybeans and OJ…and more! Full Story |
By: Adrian Ash - 16 November, 2007
Hardly anyone's noticed, but the frenzy of safe-haven bond-buying has just pushed real yields on US Treasuries below zero. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 November, 2007
It’s become a knee-jerk reaction to look at the gold price in the U.S. $ and to comment on its moves in that currency. And there is good reason to do so, for the U.S.$ is the global reserve currency at present even if it is beginning to look of dubious value. Why don’t we measure it in a strong currency such as the Euro? Although that is an ‘up and coming’ reserve currency, it has not taken a sufficient hold of the world’s monetary system to be accepted as the U.S. $’s equal. Full Story |
By: Peter Schiff, Euro Pacific Capital, Inc. - 16 November, 2007
When home prices skyrocketed in the early part of this decade, everyone seemed to forget that the subprime borrowers were high risk by definition. Now that losses are snowballing, lenders are belatedly rethinking the “wisdom” of making such loans in the first place. Similar conclusions will soon be reached by foreign nations that have supplied American consumers with goods that they can not afford. In reality, America is a nation of subprime consumers. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 16 November, 2007
Three years ago on November 18th a landmark event polarized the gold world. The first gold exchange-traded fund to trade in the United States, the StreetTracks Gold Shares, was launched. Although born in controversy, even GLD’s original detractors cannot argue with this ETF’s stunning success since. Full Story |
By: Louis Paquette, Emerging Growth Stocks - 16 November, 2007
Can you believe that? The public is finally starting to get it. The nasty truth is being exposed for all to see. The biggest debt bubble in history has burst and nothing can stop it from running its course. And Gold is working out to be about the best beneficiary - the proverbial safe haven after all. Full Story |
By: Deepcaster - 16 November, 2007
Since there is no public market for Level 3 Assets, they must be valued internally according to a bank’s own proprietary model. Thus, for valuation purposes, these Level 3 Assets are “marked to model” and NOT “to market.” That is to say, they are “marked to myth.” Full Story |
By: Richard Daughty, The MOGAMBO GURU - 16 November, 2007
So the end result is that imported goods cost more and domestically-produced goods cost more. Everything costs more! Hahaha! Fabulous work, Federal Reserve morons! Hahaha! Thanks for nothing! Full Story |
By: Rick Ackerman, Rick's Picks - 16 November, 2007
The country is in incipient recession, the banks have only barely begun to acknowledge their CDO losses, and the whole debt pyramid is trembling because the players are clueless as to the ultimate value of hundreds of trillions of dollars worth of highly leveraged securities. Under the circumstances, only a bear caught in a short-squeeze could find a compelling reason to buy shares. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 15 November, 2007
-Inflation kills…a depressed dollar can't get out of bed in the morning…
-A "deeper and scarier" black hole for mortgage industry…Passing along an interesting conversation…the pros and cons of contrarian thinking…
-Builders dropping like flies…Jay-Z says it's less about the 'Benjamins' than we thought…Jim Rogers takes on Helicopter Ben…and more! Full Story |
By: Chris Powell, Secretary/Treasurer, GATA - 15 November, 2007
The Liberty Dollar organization announced this morning, via the letter appended here, that federal agents today raised its offices in Evansville, Indiana, and confiscated all its property and equipment. This moves seems extraordinarily bold considering that Liberty Dollar's right to operate already was being litigated in federal court. Full Story |
By: Jim Willie CB - 15 November, 2007
In the last several weeks, tremendous movement and change has occurred in foreign currencies. Almost all foreign currencies have made multi-year highs against the crippled USDollar. The United States suffers from wretched finances and a banking system teetering on seizures. In progress is the gradual dismantling of large tinkertoy structures within its vast network of bond risk management. Full Story |
By: Ira Epstein - 15 November, 2007
My expectation is for gold and silver to “chop” around. I still expect new highs later this year. However, I don’t expect that in November. As you’ll see below, this is the time of month where gold often chops around, breaking and forming a base to work higher from. Silver often goes sideways to lower into the end of November. Full Story |
By: Bob Chapman, The International Forecaster - 15 November, 2007
About the only thing the cartel managed to accomplish this past week was to keep spot gold from breaching its all-time high of 850 and gold futures from breaking their all-time record of 875. This is excellent because now we will get a chance to take a breather and consolidate before taking out not only 850 like it did not even exist, but also taking out 1,000 before the end of 2007, and perhaps even going well beyond 1000! Full Story |
By: Richard Daughty, The MOGAMBO GURU - 15 November, 2007
Since this is one of my favorite harangues, you can imagine the look of horror on their faces as they see me licking my chops in anticipation. They quickly head me off and hurriedly interject the invitation, 'Let's recap.' Full Story |
By: Rick Ackerman, Rick's Picks - 15 November, 2007
In the past week, Rick’s Picks has been monitoring the put options of a stock that looks extremely vulnerable to an economic downturn. Because we are convinced the U.S. has already entered a recession, our goal has been to accumulate puts in this stock, and perhaps others in its group. Yesterday the stock took a dive near the end of the session, but the puts actually decreased in value. How can this be? someone in the chat room asked. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 14 November, 2007
-Spoiling the Shakespearean ring to it…when the money disappears…worse and getting worser…
-Corrections in everything except the dollar…a country full of angry young men…trying not to deny all instinct…
-The huge price of lip service…costing more money to get to grandma's…big news on energy - and scarcity…and more! Full Story |
By: Peter Degraaf - 14 November, 2007
At 0730 NY time, November 8th, I warned my Premium Subscribers to expect a pullback in the HUI index, and probably in gold and silver as well. This was while articles abounded with price projections as high as $1,500/oz for gold. While I agree that gold is going to go to $1,500/oz (and higher), I communicated to my subscribers that a pull-back had to come first. Full Story |
By: Adrian Ash - 14 November, 2007
If you need to chase 25% gains each year to get a good night's sleep, then the City of London's got just the 'structured' gold fund you might be looking for. Full Story |
By: David N. Vaughn, Gold Letter, Inc. - 14 November, 2007
Well, gold has broken through the 800 barrier and climbed as high as 845. What gives? Why is gold moving on like this? I can say it a hundred times but never enough times really. This is not about gold. Gold is merely a barometer. Full Story |
By: Nigel H Maund - 14 November, 2007
There is a well known expression, related to classical opera, which goes something like this: "It isn't over until the fat lady sings". This relates to the most famous arias sung by sopranos prior to them dying by various means, often suicidal, at the close of Italian operas. The analogy to the main theme of this short essay could hardly be more appropriate. Full Story |
By: Jordan Roy-Byrne - 14 November, 2007
To put it all together, inflation expectations are set to soar in 2008 and the chief beneficiary will be precious metals and precious metals stocks. These various charts show that the PMs have assumed leadership since August and that leadership should continue for quite a while. Full Story |
By: Greg Silberman CA(SA), CFA - 14 November, 2007
In an effort to cheapen their currency they print even more than the US Federal reserve does. And the Fed is printing 6% more currency every year (as measured by M3)! Supply and Demand. Today nobody wants a strong currency and hence all paper money is devaluing against Gold – whose supply cannot be manipulated. Full Story |
By: Clive Maund - 14 November, 2007
For various reasons, fundamental and technical, the outlook for the dollar remains awful, and therefore any countertrend relief rally in the dollar is not expected to get far. On the 6-month dollar index chart shown, we can see that it could rally back to towards resistance in the vicinity of its steeply falling 50-day moving average, however, given all the negatives (and this does take contrarianism into account), it is thought unlikely that it will get beyond about 77, so it probably did about one third of its countertrend rally already yesterday. Full Story |
By: Clive Maund - 14 November, 2007
“Thought I’d broken out didn’t you? - GOTCHA!!” Actually, silver is in the process of breaking out, and a reaction back into pattern was inevitable if gold hit the skids. With the picture for silver now looking at least as bullish longer term the reaction of the past two days is viewed as providing a buying opportunity. Full Story |
By: Dudley Pierce Baker - 14 November, 2007
Did you know that warrants have been in existence for many decades but very few investors know about them? Why? Unfortunately, very few of the professional newsletter writers and analysts understand them so they do not write about them. Are warrants that difficult to understand? Of course not; it’s just that one needs to take some time to learn and understand this incredible investment vehicle. Full Story |
By: Sol Palha, Tactical Investor - 14 November, 2007
Bottom line is the Uranium bull is one that is going to be driven by the two most powerful forces in the universe and such a development is very rare and provides the astute investor with a window of opportunity that usually presents itself only once in a persons life time. Full Story |
By: Fitzroy McLean - 14 November, 2007
Argentina has a lot going for it these days, not the least of all a renewed interest in free market ideas and entrepreneurship. And as Fitzroy McLean, our editor-in-perpetual-motion, proved during his visit to Buenos Aires, if you keep your eyes and ears open, there’s a lot to learn from people on the street. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 14 November, 2007
Look at me! I am suddenly in the trigger swap business! I get to charge you a fee to float a dollar's worth of bonds backed up by a dollar's worth of your own money? Hahaha! And there are investors who will voluntarily do this? Hahahaha! What a racket! Full Story |
By: Rick Ackerman, Rick's Picks - 14 November, 2007
DaBoyz seized bears hard by their scrota yesterday, hoisting stocks as high as possible in anticipation of the next, all-but-inevitable, cascade. We fought the tape all day long in the chat room, reminding ourselves as stocks rampaged higher that there still looms for Americans a debt deflation, a real estate implosion to rival that of the 1930s, and, most immediately, a recession that almost certainly has begun but which has not yet shown up in the laughable statistics that Uncle Sam puts out each month. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 13 November, 2007
-The outdated instincts of rabbits…a European lifestyle splits up the dollar…out of control and disappearing…
-Evolution of groupthink pervades the market…strapping on collective wings…Dave Ramsey discovers common sense…
-Spray paint wielding Brooks Brothers…Cramer's rant revisited…desperately trying to avoid the speed bumps…and more! Full Story |
By: Theodore Butler - 13 November, 2007
Since August, the COMEX gold futures market has also developed the characteristics of a manipulation in progress, due to an unusual concentration on the short side, where the 4 and 8 largest traders have amassed a concentrated short position larger than at any point in history. As I am sure you know, concentration and manipulation go hand in hand. Full Story |
By: Roland Watson, The Silver Analyst - 13 November, 2007
On the subject of central banks, did you know that while selling gold to manage its price at sensitive times (i.e. not all the time) these guys may be buying it back on the quiet to reload their guns? At least that is the implication of a document cited by GATA from the Reserve Bank of Australia. Full Story |
By: Steven Saville, Speculative Investor - 13 November, 2007
Investors are still acting as if the mushrooming credit crisis will not disrupt global growth to a significant extent. We say this because emerging market equities and the stocks of large commodity-producing companies are holding up reasonably well. For example, the following chart shows that the world's largest listed copper producer (FCX) remains near its all-time high. Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 13 November, 2007
For the vast majority of Americans who usually don’t follow trends in the crude oil futures market, the Global “Oil Shock” only caught their attention after gasoline prices suddenly jumped 25 cents a gallon at the pump this month, and about 80 cents more than a year ago. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 13 November, 2007
My God! I put up ten bucks to borrow a hundred with which to buy this debt, and now I am down by 50%? I have lost five times as much money as I put up! My God! My prostate involuntarily quivers in shock, proving that there is life in the old boy yet! Full Story |
By: Rick Ackerman, Rick's Picks - 13 November, 2007
The dollar’s feeble bounce yesterday seemed to be all that was keeping the stock market from falling apart. Even so, the Dow Industrials still managed to reverse a 120-point gain and finish down 55 points on the day. Tech stocks continued to tumble, creating a powerful drag on the averages. And Gold, in the throes of a so-far three-day sell-off, suffered its worst single-session drubbing we can recall when the Comex December contract fell by nearly $40. Full Story |
By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew - 12 November, 2007
-The dollar is our problem too…listening to big suspicious numbers…borrowing to participate in the boom…
-The wash of credit is ebbing…four things you can count on…when the average family can't afford the average house…
-Outsourcing not so profitable anymore…don't look forward to that raise…gold might need to take a breather…and more! Full Story |
By: Captain Hook - 12 November, 2007
Soon, the falling US Dollar ($) will reach a point of maximum pain, where trading partners will be forced to print enough currency to absorb accelerating quantities of $’s or have their currencies soar further against American fiat. Known by many as the ‘race to zero’ all fiat currency systems undergo in their latter stages, and based on the observation the $ has now signaled it’s in crash mode, one should expect this process to accelerate as essentially what is occurring is US debt holders are being bailed out. Full Story |
By: Marc Porlier - 12 November, 2007
If you believe, as I do, that the U.S. economy is due for a severe beating, then you will agree we are also in for a heated debate over who is responsible for the fiasco. Fingers will be pointed. The usual suspects will be lined up: crazy investors, corrupt lenders, and crooked accountants. Full Story |
By: Douglas V. Gnazzo - 12 November, 2007
There’s not much one can say about gold’s powerful ascent other to comment on its awesome rise from the bottom left hand corner of the chart to the upper right hand corner: a bullish signature. One is left standing in awe of a once in a lifetime event as it unfolds before us. Full Story |
By: Merv Burak, CMT - 12 November, 2007
First, the long term P&F chart. The chart shown last week has now added two more X’s on the up side to get it to the $840 level. It just seems that as every day goes by the next projected long term price of $915 becomes closer and closer. Full Story |
By: Nadeem Walayat - 12 November, 2007
The S&P Closed on Friday at 1453, hitting more or less the target for the ABC correction low which coincided with the bull markets major support trend line, which now technically implies that that should be it for this sell off and for the bull market to re-exert itself. Full Story |
By: Boris Sobolev - 12 November, 2007
Last week’s large decline in equities was largely attributed to new evidence of collateralized debt obligations (CDOs) losses faced by major banks. The size of total future write-downs is now speculated to range anywhere between $150 billion to $500 billion. Full Story |
By: radio.goldseek.com - 11 November, 2007
1st Hour:
Headline news & market forecast.
Spotlight Picks with big dividends.
The International Forecaster and Chris Waltzek answer listener questions.
2nd Hour:
-Jim Rogers, Robert Ian, George Zapata Blake & Warren Buffet (YouTube). Full Story |
By: Bob Chapman, The International Forecaster - 11 November, 2007
Things will never get more bullish for gold than they are now. Everyone is deathly afraid of the ongoing credit crunch, of the real estate implosion which is growing every day into a juggernaut of problems and of the ongoing thermonuclear meltdown of hundreds of trillions in derivatives, never mind the 400 billion in SIV's which are leveraged to the hilt. Full Story |
By: Dr. Clive Roffey - 11 November, 2007
Bullion was battling to break through the $770 resistance, but as expected took off to move within a whisker of the all time $852 high of Jan 16th 1980. This is a massive bull market and any pullback in the bullion price should be used as a buying area. I am not looking for any serious corrections and expect to see the price smash through the 27 year $850 barrier in the near future. Who cares what is driving it as long as it performs. Full Story |
By: John Mauldin, Millenium Wave Advisors - 11 November, 2007
Just when it felt like it was safe to get back in the water, a second and potentially much meaner version of this summer's credit crisis has reappeared. This week we look at why there are more mortgage write downs coming (in a self-fulfilling prophecy) in the financial sector, how an obscure new accounting rule is shedding light on a lot of risk in the world's banking system, how this is all tied to the consumer and is part of the reason for the fall in the dollar. Full Story |
By: Sol Palha, Tactical Investor - 11 November, 2007
The press and the big short analysts all continue to talk about the effect of the now dying housing sector, the sub prime mortgage crisis, the liquidity crunch and whatever other nonsense they can dredge up. Yes this all valid news but it was valid news over 2 years ago and the market to some degree have already priced this junk in. What’s taking place now is just good old profit taking. Full Story |
By: Mike Whitney - 11 November, 2007
America is finished, washed up, kaput. Foreign investors and central banks around the world have lost confidence in US markets and are headed for the exits. The dollar is sinking, the country is insolvent, and its leaders are barking mad. Investors are voting with their feet. They've had enough. Capital is flowing to China and the Far East in a torrent. It's "sayonara" downtown Manhattan and "Hello" Tiananmen Square. Full Story |
 |
 |
© GoldSeek.com, Gold Seek LLC
 
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
|
The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com,
is strictly prohibited. In no event shall GoldSeek.com or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
OilSeek.com
|
|
