YOU MIGHT THINK Ben Bernanke's way with words mere cant, just so much sophistry learnt from the Maestro. But words matter when we're talking about inflation – or denying it. Choosing the mot juste can prove as crucial as selecting (or denying) the right data. Full Story
As a venture capital broker, active in the resource market, I look worldwide for the best opportunities for my risk tolerant clients. One country that keeps coming to my attention is Mexico. Junior resource companies grow and create shareholder value by discovering and developing mineral deposits, ideally ones rich enough to attract the attention of acquisition-minded senior producers. Some juniors aspire to become producers by reviving historic mines or partially developed projects with near-term production potential. Many of these companies have found that Mexico is one of the best places in the world to pursue their goals. It offers many advantages — vast geological potential, a favorable investment climate, and an enduring mining tradition. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 20 April, 2007
-Up, close to the stars…and, perhaps, the gods?…sometimes, it's best to travel with no destination in mind… -Experiencing an almost cashless society…catching trout with your bare hands… -Reports from the Empire Salon…find out on Tuesday what the Oracle of Omaha had to say to us…and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 20 April, 2007
With this week's release of an apparently benign CPI report, Wall Street resembled Munchkin Land celebrating the death of the Wicked Witch of Inflation. Amidst the revelry few spared much concern that the Index actually registered a monthly gain of .6%. Since such a rise equates to an annualized inflation rate of 7.5%, how could the Wall Street Lollipop Guild be so euphoric? Full Story
In our opinion the commodities bull market is just getting started. As the general public realizes the commodities bull has been roaring ahead, they will likely jump on board and push up prices to dizzying, unsustainable heights. We think commodities are a long way from being overvalued and the time to invest in commodities is before the public becomes aware of this mega trend. We believe fortunes will be made in this bull market as early comers grow their wealth and late comers try to catch the trend, but fortunes will be lost for those who overstay their welcome. Full Story
By: Roland Watson, The Silver Analyst - 20 April, 2007
This week has been a busy week for silver as announcements of two silver ETFs were made to the media. When I read the words "silver" and "ETF" I was part hoping it was finally the silver stocks ETF I mentioned in the latest issue of my newsletter. However, it was not to be as the third silver ETF was announced by the Zurich Cantonal Bank along with their platinum and palladium ETFs. It will start trading on the 10th May. Full Story
Despite the growing number of investors joining the hunt for extreme profits with precious metals exploration stocks, arguably the best way to play the burgeoning bull market in gold and silver, the reality is that not 1 in 30 actually understands the exploration process. Full Story
By: Kevin Kerr & The Daily Reckoning Crew - 19 April, 2007
-Less hot water than a garden hose in the Maryland summer…ideal conditions for solar power… -Is the Chinese economy growing too fast? Attend the Agora Financial Investment Symposium in Vancouver and find out for yourself… -Bill might make some money on his ranch after all…and more! Full Story
There’s no denying that uranium is the flavor of the month. And that’s simply because spot prices of the energy metal continue to march relentlessly higher, increasing over 50% since the beginning of this year. Last week, Uxc.com reported a spot price of $113 per pound, fulfilling expectations that the scarce radioactive metal would break through the $100 mark this year. The latest increase significantly boosted share prices of most producers, developers, and explorers. But while the retail market clamors to buy uranium stocks, the management and directors of mid-sized and large yellowcake companies don’t seem share the same zeal. Full Story
The focus on gold and the USDollar alone lacks a crucial factor in maintaining the world currency reserve on its fragile pedestal. The PetroDollar is a term used to describe the close relationship between the USDollar and the crude oil export business dominated by Saudi Arabia, manifested in the superstructure of the global banking system. So one could say the oil world provides the pool from which the US$ exchange rate valuation is applied and enforced. Full Story
By: Richard Daughty, The MOGAMBO GURU - 19 April, 2007
"So you invested a whole pizza, 'made a profit' in nominal (non-inflation adjusted) terms, paid taxes on the gain, and yet you got back less than 9/10's of a pizza? Hahaha! Nice investing there, dude!" Full Story
In 2004 the US borrowed the equivalent of 5% of its GDP; by the third quarter of 2006 this amount had soared to 6.5% of its GDP for a total of 860 billion dollars. If the current trend is maintained and there is no reason to see why it won’t be, then the US is on course to reach the 1 trillion mark in the very near future. The main question then is how long will this outrageous all you can eat buffet last? Full Story
The “Zimbabwe Effect” continued to rule yesterday on Wall Street, setting up the Dow Industrial Average for an almost certain push to new all-time highs in the coming days. Recall that Zimbabwe’s stock market reportedly has been the hottest in the world, notwithstanding the fact that the nation itself is one of the worst basket cases on the African continent. The U.S. economy is not a basket case, at least not yet, but certain factors that could conceivably make it so, including a looming housing bust of epic proportions, are so palpable that one can only infer that buyers of U.S. stocks at these rarefied levels must be in the grip of some Zimbabwean-like madness. Full Story
By: Bob Chapman, The International Forecaster - 18 April, 2007
The dollar broke 82.41 and then broke 82 this past week. 80 to 80.60 is the next stop. If 80 is broken it’s 78.33, then 78.19. If that is broken look out below. The dollar is finally reflecting all of America’s problems. America is a country in decline because our Illuminist elites want us to be financially and economically humbled so we will be forced to accept world government. As the dollar goes so goes the US economy and whether they want to believe it or not, the world economy. The dollar index at 80 has been tested five times since 1978. This time it will break 80 decisively. Full Story
By: James Howard Kunstler & The Daily Reckoning Crew - 18 April, 2007
-The wacky world of economics…even the experts don't know what's around the corner… -The Fed should 'sort of' pay attention to inflationary fears…gold still on its way up… -Get your Mogambo fix later on today…Bill reaches the Fortress…and more! Full Story
NOT CONTENT with abolishing the economic cycle, the world's central bankers and finance ministers – led by Gordon Brown and ordained by Pope Al Gore the First – now plan a 'New World Order' to fight global warming. A wealth of tax-funded humbug is certain to follow. So it comes as no surprise to find Wall Street and the City of London urging us all to "go green" as well. Full Story
You think the fact that uranium prices have more than doubled in the past 12 months is something? Just wait! I hope you have your safety belt on, because this could be the ride of your life. Here's why … Full Story
By: David N. Vaughn, Gold Letter, Inc. - 18 April, 2007
Gold continues to stretch its legs closer to the magic number, 700. But even 700 will not be the final destination. For gold to rise as high as it did adjusted for inflation back in 1980 we will have to see a gold price around 2,500 dollars an ounce. And look at Monday’s chart below as gold hits the 690s. Full Story
In keeping with a recent theme of publicly responding to reader e-mails, I’d like to address the topic that garners more questions than any other issue, as well it should. The questions revolve around the manipulation that I allege exists in silver. While I try to write about all aspects of the silver market, with a goal of correctly analyzing silver as an investment, it has long been obvious to me that the price of silver has been artificially depressed below what free market forces would dictate. If my allegation that silver is a manipulated market is correct, then it is the most important factor, by far, as nothing could possibly matter more than if a market is free or not. Full Story
By: Byron King & The Daily Reckoning Crew - 17 April, 2007
-Black Tuesday?...flashbacks to 1992...the pound tops $2 for the first time in 15 years... -Turns out all that hate mail was for nothing...a commodity that you take for granted could make you major profits... -The biggest investment for the 21st century...Bill visits "The Fortress"...and more! Full Story
By: Andrew Mickey, Editor, BreakAway Investor - 17 April, 2007
By now, you’ve seen uranium down right soar. But any savvy uranium investor will realize that demand hasn’t really increased at all. Despite estimates for the construction of as many as 200 new nuclear reactors to be built over the next 20 years, there have been no new reactors actually come on line. Full Story
By: Steven Saville, Speculative Investor - 17 April, 2007
A writer desiring to paint a bearish picture of US economic prospects and the US$ could choose to highlight the huge US current account deficit, because the word "deficit" has negative connotations. However, the huge current account deficit necessarily goes hand-in-hand with a capital account surplus of equal size; and "surplus" is a word with positive connotations. A writer desiring to paint a rosier picture could therefore choose to highlight the huge US capital account surplus. Full Story
Toward the end of 2004, when the Dow Industrials touched a bullish tripwire at 10542, we raised our long-term target to 13045. This very important Hidden Pivot resistance has always seemed as good a place as any for bears to get short aggressively and dig in their heels. But when the blue chip average dove in early March after hitting record highs 250 points shy of our target, we thought the opportunity had expired. Now we’re not so sure, since the Indoos have once again wafted into thin air and are within easy striking distance of new all-time highs. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 16 April, 2007
-The Hualfines last stand...Bonner in the Andes...homemade jam and applesauce...a dead cow is hard to move...the cost of a ‘ranch’ in Ocean City, MD? -The dreaded "R-word" rearing its gnarly head...oil, oil, everywhere...fancy new camouflage...and other reasons to go to war... -The Great Mogambo Lives...and now you can commune with him directly!...and so much more! Full Story
Harry Schultz Antonia Juhasz Ellen Augustine Jim Cramer A special gold market discussion with: Justice Litle. Arch Crawford. Gold & Silver move higher for 6th week. Gold Stocks reach top of range. US - China trade war. Mortgage market woes continue. 3 Spotlight Picks with 7, 8 & 9% dividends! Full Story
In short, Gordon Brown might have been an idiot, but he wasn't alone in being an idiot. Even before the Swiss began working to sell their gold in 1997, in fact, concerted and regular gold sales were being undertaken by the central banks of Argentina, Austria, Australia, Belgium, Canada, Luxembourg, the Czech Republic and India. In Washington, people began to discuss the possibility of gold sales by the International Monetary Fund (IMF). Just this weekend, Japan's finance minister raised the idea again. Full Story
By: Louis Paquette, Publisher, EGS - 16 April, 2007
No, I’m not referring to the latest pop-psychology fad making the rounds on the day time talk show circuit (this feel-good DVD called “The Secret”) but an amazingly brilliant method of forecasting the long term direction of the economy and markets. Some would say you shouldn’t try to time the market. But I’m sure most subscribers would agree that getting the big picture right, the major secular trend - is half the battle of investing. Full Story
By: Bob Chapman, The International Forecaster - 15 April, 2007
Real estate and equity price inflation have driven two-thirds of the increase in household net worth over the past ten years. They now are even more important today than ever. Since 1980, household leverage as a percentage of GDP has doubled, after remaining relatively constant in the prior quarter century. This leveraging of household real estate assets has been the method to continued net worth acceleration and GDP growth dependent household consumption patterns. If households stopped leveraging their balance sheets, both real estate and consumption would fall. This brings us to the current state of real estate and consumption. Will the contraction in lending in real estate due to the excess in the subprime area lead to a change of direction? The answer is yes. Full Story
By: John Mauldin, Millenium Wave Advisors - 15 April, 2007
This weekend I am in La Jolla at good friend Rob Arnott's conference. Princeton Professor Burton Malkiel, of Random Walk fame, will be one of the luminaries at the annual Research Affiliates Advisory Panel. So, with that thought in mind, this week we take a seemingly random walk through the data to see if we can discern a trend. How much debt does it take to grow GDP? You probably missed it, but the Bureau of Labor Statistics gives us data that contradicts the recent labor numbers. Why is consumer sentiment so moribund? And that recession I predicted for 2007? I have a few thoughts on that as well. It should make for an interesting letter with a lot of great charts and graphs. Full Story
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