By: Richard Russell, Dow Theory Letters - 20 February, 2009
The verdict, at long last, is in. Today the D-J Industrial Average closed below its November 20 bear market low. In so doing, the Dow confirmed the prior breakdown of the Transportation Average. The two Averages jointly closed at new lows today, thereby signaling that the great bear market remains in force. Full Story
By: The Gold Report and Lou Paquette - 20 February, 2009
The Gold Report caught up with newsletter writer and commentator Lou Paquette, who launched the website Emerging Growth Stocks in 1995 to provide investors and speculators with a unique alternative to what he saw was a growing problem with corporate governance and conflict of interest on Wall Street. He believes that as people finally begin to realize that gold is the only asset we can count on any more, the bull market will "come out of its shell." Full Story
By: Bill Bonner, The Daily Reckoning - 20 February, 2009
And today…gold futures hit the $1000 mark for the first time in almost a year, as investors rushed to the precious metal as a safe haven. This isn’t the first time investors have turned to gold in times of economic woes, and it won’t be the last. If you haven’t added some gold to your portfolio, there has never been a better time. Full Story
By: Daniel Aaronson and Lee Markowitz - 20 February, 2009
Last week, major banks began announcing that they would halt foreclosures for at least three weeks. Clearly the banks are playing a game of chess with the government because a rational bank would seize collateral of a loan that stops paying principal and interest. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 20 February, 2009
With millions of homeowners now struggling to repay money they clearly never should have borrowed, our leaders have been righteously wagging fingers at predatory lenders who allegedly enticed innocent borrowers, and the country, into a financial snake pit. While the mortgage industry clearly deserves a good share of the blame, unindicted co-conspirators abound. The ringleaders are still at-large and are, in fact, busy hatching a plan to dwarf the earlier mistakes. Full Story
Call it diversion, call it decoupling, or call it a cab if you must. But given the political, financial and capital risks facing the European single currency right now, we guess it means gold now stands apart as the safe haven of choice. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 20 February, 2009
Earlier this week, the US stock markets (S&P 500) fell 4.6% to their lowest close since November 20th’s panic low. It was a very unpleasant day as latent fears of bungled government meddling flared up again. But one sector, the gold stocks, was able to buck this very weak tape. That very day the HUI gold-stock index rallied 2.6%. Full Story
It would be unfair to pounce all over Team Obama this early in their administration. After all, while the Democrats bear a lot of responsibility for the knee-deep toxic mess now covering the floor of the engine room, the bulk of the responsibility has to rest on the shrugging shoulders of Obama’s immediate predecessor and those that came before him. Full Story
The Starting Point for Protection and Profit is to determine how much of one’s investable assets one wishes to have in a Core Position of Gold, Silver and other Tangible Assets and then to determine investment vehicles in which to hold them. This Core Position is truly a long-term position and should represent a significant portion of one’s investable assets. Full Story
Almost forty years ago, the United States had seemingly reached the zenith of economic power. Then on August 15, 1971, the federal government abandoned the gold standard, and the last tether between Federal Reserve policy and fiscal responsibility was severed. For America, it was when the future went away. Full Story
By: Dominique Audette de la Pointe - 20 February, 2009
It’s said that everyone’s a financial genius in a bull market. And with all the ordinary geniuses floating around, there must be, then, some of God’s-chosen amongst us specially anointed by the money gods to shepherd the mass souls from poverty. Full Story
For several months there has been a tendency by Jim Sinclair and others to dismiss the US dollar rally as technical short covering. Now there is a tendency to dismiss the fall of the Swiss franc as dirty tricks among large hedge funds. These are interpretations that trivialize the reality that is unfolding. Full Story
There might be a business opportunity in creating a playbook, just like the ones you buy when you go to a sporting event that describes the players and what the pros are saying about them. The same could be said for the many “plans” being instituted not only in America, but around the world to cushion this severe recession. Full Story
By: David Morgan, Silver Investor - 20 February, 2009
Last week I mentioned that CIBC slammed the silver market and gave my opinion of where their analysis missed the mark. Tonight as I pen this missive in haste due to packing and flying requirements early tomorrow, it seemed the best to give a short introduction on the Silver Slam. Full Story
Feb. 19 CNBC The trading floor buzz on whether the government's plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC's Rick Santelli Full Story
By: Richard Daughty, The MOGAMBO GURU - 20 February, 2009
An easy way to increase the money supply is by counterfeiting money, or its equivalent, by printing coupons, and this is now being done by the Chinese, as we learn from the report titled “Chinese Offered Consumer Tickets” by Olivia Chung at atimes.com. Full Story
By: Bill Bonner, The Daily Reckoning - 19 February, 2009
“Greenspan backs nationalization,” says a headline. Well, that does it for us here at The Daily Reckoning. If Greenspan is in favor of it, we’re against it. No one man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan. Full Story
The World Economic Forum took place in Davos Switzerland last week. The global picture enabled a nice snapshot of sentiment, fault for the crisis, blame doled out, the vacuum of leadership, the perks for blunderers in a country club setting (instead of prison), and warnings on a potential situation that could spiral out of control. Full Story
By: Greg McCoach, The Mining Speculator - 19 February, 2009
Watching the perverted circus of corrupt politicians and administrators in Washington and New York the last six months is enough to make anyone with a brain want to shout a primal scream of disgust and anger. I use the word “brain“ because it is becoming increasingly apparent that many Americans unfortunately are no longer using the gray matter that exists between their ears with regards to what is going on in our country. The rapidly accelerating chain of events moving us faster and faster towards economic oblivion is beyond shocking. It is happening much quicker than I anticipated. Full Story
By: James West, The Midas Letter - 19 February, 2009
The last thing you do when you see somebody drowning is swim out to them in an effort to effect a rescue. If you do, you may end up drowning too as the frantic victim blindly latches onto anything that floats. Barack Obama and the United States are swimming out to the drowning auto industry, and if the thrashing auto industry is able to grab on, it will pull the drowning United States economy down into the depths where both will expire. Full Story
I believe that we have reached a time where the greatest wealth transfer in our lifetime as well as possibly in the history of this world is about to happen. Some people ask: “why the gloom and doom?” What they do not understand is the fact that this great transfer of wealth or collapse of the world’s monetary system (which they call gloom and doom) is inevitable due to past events. Full Story
Gold is a speculative market. Price can go "too low" or "too high" compared with whatever theoretical notions we may have about what prices should be. If gold rises too fast compared to the rise of debt/GDP, then it may be overpriced. If it rises too slowly compared to debt/GDP’s rise, it may be underpriced. Full Story
By: Gary North, Mises on Money - 19 February, 2009
The West's economy really is at the edge of a leveraged disaster. The politicians know only one answer: deficit spending. The central bankers have only on significant tool: monetary inflation. The speed of events is increasing. The markets don't reflect this yet. This gives time to a few people to get out. But the vast majority cannot get out. There are too few escape hatches open. Full Story
GLD ETF Trust supposedly holds more than 1,000 tons of gold. That amount is surpassed only by the United States, Germany, IMF, France, Italy and Switzerland; assuming they have the gold they claim. Under the GLD prospectus and latest 10-K it appears that the Trust neither needs to own actual physical gold that constitutes atomic number 79 nor allow their auditors to see and touch the undefined ‘investment in gold’. Full Story
By: John Browne, Chief Market Strategist, Euro Pacific Capital - 19 February, 2009
Last week, when Congress passed its $787 billion stimulus package, the size of the plan caused many observers to forget the water that has already passed under the bridge. Fewer still are wondering what havoc will erupt when all this liquidity eventually washes ashore. Full Story
Gold surged to 7-month highs versus the dollar and new all-time highs against the euro on Wednesday. Ongoing deterioration of the global economy is driving strong interest from all quarters into hard assets. Sadly there don't seem to be any signs of improvement. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 19 February, 2009
It almost seems amusing that we are still discussing the “coming” depression because of the fact that it is already arrived and settling in. Really, what this entire new “era” is all about is watching our dreams deteriorate right before our eyes. Full Story
By: Andrew Mickey, Q1 Publishing - 19 February, 2009
Looking back, the signs of a market tops and bottoms are so obvious. Hindsight is 20/20 and all that. When you’re in the middle of it all though, it’s not nearly as easy to see. During the peak over the past couple of years a lot of records were made. Full Story
By: Richard Daughty, The MOGAMBO GURU - 19 February, 2009
Using my time constructively, I am standing here, still seething about the corruption of the Congress and the Federal Reserve and plotting my revenge as I wait for him to take his argument to the next step and say that since we have a fiat currency, a corrupt Congress and a complicit Federal Reserve, then let’s really get this thing in gear! Full Story
By: Rick Ackerman, Rick's Picks - 19 February, 2009
My wife does most of the grocery shopping, but on my last few visits to Whole Foods and Safeway, I was dismayed to find that some of the things she had sent me to buy were unavailable. The shelves where I might have expected to find these items, including fruit juices, canned soup and crock mustard, were bare. Full Story
By: Frank Holmes, CEO, U.S. Global Investors - 18 February, 2009
Out of our basket of 14 hard and soft commodities, only coal and gold finished 2008 in positive territory. Coal was up 12.6 percent due to a relatively strong first half of the year, while gold rose nearly 6 percent during the year as many investors concerned about rapidly devaluing assets fled to a safe haven. Full Story
By: Jason Hommel, Silver Stock Report - 18 February, 2009
The collapse of banks, currencies and the markets is not a failure of Biblically sound free market capitalism, because that has never existed. Rather, the collapse is a failure of fraudulent paper money systems based on usury. Full Story
By: Bob Chapman, The International Forecaster - 18 February, 2009
The masters of the universe flashing their Ivy League degrees and their doctorates led us to believe that there was nothing they couldn’t handle. They told us they had the experience and academic qualifications to reflate any unfolding bust. The result over the past 20 months has left us further in the hole than when we started. Full Story
By: Bill Bonner, The Daily Reckoning - 18 February, 2009
Typically, depressions come with bear markets. And bear markets come with bounces and rallies. We expected an O! Bama! bounce after the election. We got one…but much less than we expected. Stocks only rallied about 15%. A stronger bounce will come, sooner or later. But we’ve put up our Crash Alert flag again – just in case. Stocks could go down another 30% – 50% first. Full Story
THE 1970s DIDN'T JUST curse the world with cheap German wine and the Bay City Rollers. That decade gave us soaring inflation, too. Gold's stellar run up to $850 per ounce, rising more than 24 times over, also came in the '70s. So gold, therefore, must deliver its strongest returns when the cost of living shoots higher. Right? Full Story
In the financial realm, many are lured by the derivative illusion and ensconced in a rapidly dissipating cocoon of self-satisfied self-deception woven over their eyes and mind leading to their faulty thinking that the way they see things is the way things really are. Nowhere is this more evident than among the heard of grandiose single digit midgets: Bank of America, Citigroup, Barclays, ING and soon to join them UBS. Full Story
Notes of caution are appearing in market letters written by gold enthusiasts. They remain long-term bullish, but some fear that a temporary sharp setback is at hand. Others advise against buying until prices fall back somewhat. Others mention gold’s volatility. Some note that commercial hedgers have increased their selling. There is rather widespread fear that gold will have a difficult time making much more headway soon. However, the more that I have studied the gold market, the more I have become long-term bullish. Full Story
Gold and silver have had one hell of a run in the recent days. Both looked like they were topping weeks ago but recent bad news hit the wires making investors buy gold like the stock market is about to go under. Gold bullion inflows are the highest it has been in 6 months! Full Story
Precious metal prices have leapt to their highest in almost a year, with gold and silver stocks rising even as the general indices tumble. Investors are now worried about inflation, a phenomenon that has always accompanied huge government spending programs in the past, although the immediate problem for the global economy is surely deflation and the risk of a downward debt deflation spiral. Full Story
By: The Gold Report and James West - 18 February, 2009
A gold bug who prefers equities as investments to bullion and bars, Midas Letter publisher James West expects his portfolio picks to shine to the tune of at least 15% appreciation on average. In this exclusive interview with The Gold Report, that sunny outlook stands in stark contrast to other things the well-regarded adviser sees on the horizon. He anticipates no letup in the storm of market volatility and holds out even less hope for the U.S. currency’s ability to stay afloat in a multi-trillion-dollar flood of new money. Full Story
Inventory at the SPDR Gold Shares ETF (NYSEArca:GLD) passed the one thousand tonne mark today in what is the most rapid increase since the fund was launched in 2004. Today's 23 tonne increase was the sixth day in a row of additions making for a whopping 229 tonnes added during just the first seven weeks of 2009 - that's almost a quarter of the funds entire holdings. Full Story
In the Goldsmiths, Part XXXIII (published at goldseek.com), I outlined the basic problem faced by gold advocates and proponents. I recognized the power of the Rothschild Cabal to make or break markets, however they see fit to do so. The gold and silver markets have been seriously impacted by this Rothschild oversight for many years now. Full Story
By: Andrew Mickey, Q1 Publishing - 18 February, 2009
“When people are frightened, they cut their time horizon dramatically, ... Even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen.” That’s what David Dreman wrote in his book Contrarian Investment Strategies. Now, almost 30 years later, it’s looking like it’s happening all over again. Full Story
By: Richard Daughty, The Mogambo Guru - 18 February, 2009
The Economist magazine innocently asks, “Why is finance so unstable?” Immediately, I jump to my feet to scream my guts out that, “It’s because the amount of corruption is, like it always is at the end of long booms, completely off the freaking charts, and nothing is as it seems; everybody is lying to you; everybody is trying to steal your identity and you are being ripped off every freaking day, in countless ways, by corrupt thieving morons in government who are so, so desperate at this point that they are resorting to insanity!” Full Story
By: Rick Ackerman, Rick's Picks - 18 February, 2009
We were quite bullish on gold as a new trading week began yesterday, but is there perhaps more to it than merely bullish charts would have us infer? Here’s the message that went out the night before to Rick’s Picks subscribers who may have been disappointed by gold’s quiet finish last week: “Anyone who thinks gold is about to stall out without taking on $1000 should read today's tout for Comex April. Although the futures have hesitated within 1.70 of our longstanding target [a hula number!] at 952.30, the shallow pullback so far suggests the pivot will not prove to be a serious impediment.” Full Story
By: Bill Bonner, The Daily Reckoning - 17 February, 2009
We are in a period of price discovery. Many shares, businesses, and credits are on offer. Typically, people are reluctant to make bids until they have a clearer idea of what these things are worth. What are they worth now that we’re in a post-Bubble world? No one knows. And no one seems in a hurry to find out. Full Story
By: Gary Dorsch, Editor, Global Money Trends newsletter - 17 February, 2009
For almost a decade, yields on bonds issued by different Euro-zone governments moved close together. By joining the Euro-bloc currency regime, every member state could suddenly reap the benefits of “free-riding” in the Euro-zone bond market, or borrowing at almost the same interest rates as Germany, irrespective of whether the country’s economic fundamentals justified the lower rate. Full Story
By: James West, The Midas Letter - 17 February, 2009
Ever seen what happens to a piece of meet thrown into a tank full of vicious piranhas? The water is whipped into a froth and within seconds the meatless bone sinks to the bottom. There’s virtually nothing left. The same thing is about to happen in the gold bullion market. Full Story
The long-term outlook for gold is very bullish, for to paraphrase Sir Winston Churchill’s famous remark, “never before in history have so many dollars chased so few ounces of gold (and silver)”.* The mountains of currency are rising, while the number of ounces of gold produced by gold mines is dropping. Full Story
Five trillion dollars, that’s what it’s going to cost for the good / bad bank and ballooning stimulus plans. Now that’s serious money, not too mention serious inflation by strict definition in the sense money supply has been rising, but prices have not. Full Story
That I have not heard about the Khaleeji until about a week go is surprising to me for two reasons. Firstly, the common currency for the GCC has apparently been mulled since at least 2002 by the IMF giving more than enough time for the word to spread. Secondly - and here is when it becomes interesting: speculation is about for the GCC currency to be backed by gold. And why shouldn’t it? Full Story
The Great Obama Depression is coming because the recently approved Congressional Pork Plan takes economic oats from the healthy part of economy and gives them to the infirm part. That might sound like wonderful social policy, but it is bad economic policy. Little effort exists in the Pork Plan to stimulate economic momentum. Full Story
Gold is powering up towards $1,000 an ounce, and while the odd hesitation along the way is possible it will shortly cross this boundary, hit a new all-time high and then head upwards again. Full Story
The most salient feature of the markets at this juncture is the number of interim bases that have been building in several major sectors, including copper and other economically sensitive groups. In this commentary we’ll examine the bottoms currently being established for stocks and one of the key supports for the continued recovery in the precious metals mining sector, namely copper and copper mining shares. Full Story
By: Steven Saville, Speculative Investor - 17 February, 2009
In a nutshell, there is no limit to the amount of bonds that the US government can issue to the Fed in exchange for newly-created dollars, or that any other government can issue to its central bank in exchange for newly-created currency. The only question is: what will the new money be spent on? The answer to this question gets to the heart of the biggest problem facing the economy today. Full Story
By: Dr. Ron Paul, U.S. Congressman - 17 February, 2009
Ron Paul appeared on CNN’s American Morning this morning (2-16-09) to discuss the “atrocious” way Obama’s stimulus bill jettisoned its way through Congress. Paul tells CNN viewers that there were only 5 hard copies of the bill for each house of Congress to read beginning when the House opened at noon time. He calls it business as usual. Full Story
Gold and silver are not mere commodities but essential checks and balances in America’s political machinery. The monetary powers and disabilities, found in Article 1 Section 8 Clause 5 and Article 1 Section 10 Clause 1, protect against despotic inroads by government. They prevent confiscation through inflation which is a form of taxation without representation or due process of law. Full Story
Only gold and silver seem to have a bright future as the flight to safe havens will continue, and as soon as the bond market comes under pressure the drift into precious metals will become a flood. Perhaps we should wait for a spike in gold and silver prices to mark the bottom. Full Story
By: Richard Daughty, The MOGAMBO GURU - 17 February, 2009
Benn Steil, who is on the Council of Foreign Relations and an editor of an economics journal, is writing in the Financial Times, see, and his essay has the catchy headline “Keynes and the Triumph of Hope over Economics”, which is so terrifically profound and funny at the same time that I laughed out loud, which was unfortunate, as I had just taken a big bite of a yummy chilidog and it sprayed all over the place as a result of my mighty guffaw. Full Story
By: Rick Ackerman, Rick's Picks - 17 February, 2009
Is this so? Do voters in fact “know” what many politicians are evidently afraid to admit – that the nation is about to squander $800 billion of precious capital on the biggest piece of pork ever to work its way through Congress’s perennially irritable bowel? Our guess is that, yes, the average voter – even the voter who fervently supported Obama in the November election – is skeptical that the stimulus bill will put the economy back on track. Full Story
1st Hour: Headline news & Market Weatherman Forecast. Spotlight Stock Picks with big dividends. The International Forecaster and Host Chris Waltzek answer listeners' questions. 2nd Hour: Kal Gronvall, The Gold & Silver Exchange- Full Story
The following video presentation is one of clearest overviews on the history of money and how it is connected to where we are today. If you are confused or concerned about the bailouts, how we got here, how and why things got so bad so quickly, where it's all going and what you can do about it, this is a must see. Full Story
Another week, another data release from the CFTC proving manipulation in the silver market. The most recent Commitment of Traders Report (COT) provides additional compelling evidence that the COMEX silver market is manipulated. The new report proves manipulation so clearly, as to make it almost undeniable. In recent weeks and months, it appears that all the additional short sales of COMEX silver futures contracts are coming from one entity. If true, there could be no clearer proof of manipulation. Full Story
By: Bill Bonner, The Daily Reckoning - 16 February, 2009
Remember our dictum: the force of a correction is equal and opposite to the deception that preceded it. As we looked out over the absurd hallucinations, delusions and lies of the Bubble Years – oh, those happy days! – we warned that the coming correction “would be a doozy.” Full Story
By: Gary North, Mises on Money - 16 February, 2009
In reading any dialogue, you know in advance that the guy asking the questions is the guy who wrote the dialogue. He will win the argument. This tradition goes back to Plato, where the losers were sometimes reduced to some variation of "Tell us more." This dialogue is between two vocal advocates of limited civil government: Private Money Guy (PMG) and State Money Guy (SMG). Full Story
Here is the chart of gold from the 2001 low to Feb. 13, 2009. In the debate which is now going on in economic circles, I would like to ask: Looking at this chart, do you see prices going up or down?” Full Story
The stream of such mindless platitudes emanating from on high is solid evidence that it’s the fools at the top who got us here, and that they, for all their impressive accomplishments and credentials, are no more qualified to oversee the evolution of human economy than would be a baboon. Full Story
Paul Krugman and Robert Reich are getting a lot of air time as the public looks to these economic experts for their views from on high in its time of need. The public is looking to the learned opinions of people whose entire economic orientation (fiat money creation and associated spending) has resulted in total failure. It is the perfect illustration of the metaphor of trying to save an overdosed junkie with a mainline of pure heroin. Full Story
While gold has made progress since the last update, it has not not broken out to new highs against the dollar as expected, because the dollar has held up. Nevertheless it has made satisfactory progress and has made new highs against many other currencies. Full Story
The USA Empire is the first debt based empire in the history of the world. Previous empires, like the British Empire and the Roman Empire were based on colonization, political and military domination. The unique power of the USA Empire is that once the subordinate power has been ensnared in the US dollar trap, the USA Empire gains immense control over the subordinate without having to resort to military threat. Full Story
Our people over the years have sat back and allowed a dictatorial state power to evolve in Washington without a real whimper of protest. For sure, Bellinger and the writings of this writer in 2008 are both correct about the coming dictatorial acts of our government. This tyranny could come in 2009; and if so, probably very late in the year. Yet my guess presently is that it will happen in 2010. Full Story
The USA Empire is the first debt based empire in the history of the world. Previous empires, like the British Empire and the Roman Empire were based on colonization, political and military domination. The unique power of the USA Empire is that once the subordinate power has been ensnared in the US dollar trap, the USA Empire gains immense control over the subordinate without having to resort to military threat. Full Story
By: Bob Chapman, The International Forecaster - 16 February, 2009
America has to come to grips with the fact it is bankrupt. We saw this in the early 1980s, and in the early 1990s and again in 2002-2003. Finally it is here again and moving bad assets off bank balance sheets isn’t going to work this time. This time the Illuminists have gone too far, and they are well aware of that. What we are experiencing has been done many times before in history and it has always been unsuccessful. The problem is that in the past these conspirators have been allowed to live on. This time it will be different. Full Story
"Peering through reverent fingers I watch [the Gods of the Market Place] flourish and fall. And the Gods of the Copybook Headings, I notice, outlast them all." - Rudyard Kipling Full Story
By: John Mauldin, Millennium Wave Advisors - 16 February, 2009
It is not just the US that is in recession. The world is slowing down, and rapidly. This week we quickly survey the rest of the world, and then come back to the US. We follow up with the implications for corporate earnings worldwide, and specifically address my speculations about earnings forecasts for 2009. Full Story
The closing price for silver this week is $13.70 while gold is at $941 per ounce. Precious metal prices are clearly in a rally, and a fairly gentle and sustainable one, rather than a price spike. And yet silver is out performing gold. By my approximate calculations silver has risen about four times faster than the yellow metal over the past few weeks. Full Story
China is a "Hot Topic" at the nationally and internationally recognized Center for Trade Policy at Mr. Niskanen's Cato Institute, but the research staff has been unable to find a political, diplomatic, military or economic solution to the China puzzle, because there isn't one. Full Story
By: Daniel Aaronson and Lee Markowitz - 16 February, 2009
Many people think that because the US dollar is the world’s reserve currency that people/central banks must continue to own the dollar. This is flawed. What the US dollar’s reserve currency status actually means is that people/central banks already own the US dollar. What it does not mean is that anyone, domestic or foreign, has to hold on to dollars, let alone accumulate more. Full Story
We’ve recommended sticking to the sidelines and only wading into a few select areas since the middle of last summer. Now, that’s starting to change a bit. Hope for an economic recovery is declining rapidly and we’re getting very close to the time to start moving back into the markets strategically. Full Story
By: Richard Daughty, The Mogambo Guru - 16 February, 2009
Unbelievably, the abject stupidity of protectionism, in this case the so-called “Buy American” protectionism, is now resurfacing after all these decades of everything “going global” so that now the stupidity of protectionism is even more glaringly stupid since the globe has grown into a huge, incestuous, corrupt labyrinth interwoven with... Full Story
While I try to keep things positive and always give everyone a chance, it seems as if the new president is not changing anything in regard to spending. The freshly passed stimulus and TARP II are no better than what was passed during the Bush administration and in many ways even worse. Full Story
Gold was up $27.90 to close at $942.20, giving it a weekly gain of just over 3%. The daily chart shows gold in a bullish rising price channel. RSI is showing a negative divergence and STO is in overbought territory. MACD is still showing a positive crossover, but it may be curling over. Full Story
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