By: The Gold Report and John Mauldin - 21 September, 2012
Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. In this exclusive Gold Report interview, Mauldin expands on his comments at the Casey Conference, "Navigating the Politicized Economy." Read more about the consequences of those choices and necessary compromises—and how he would reform the U.S. tax code. Full Story
By: Adam Hamilton, Zeal Intelligence - 21 September, 2012
Silver has certainly enjoyed an impressive run of late, catapulting nearly a third higher since mid-summer. Because this surge looks nearly vertical on short-term charts, some traders are getting nervous about this rally’s staying power. While silver may indeed be temporarily overbought, its recent strength actually looks like the vanguard of a major new upleg. Silver’s advance is likely just getting started. Full Story
That “claptrap” is just another in a series of lies, frankly, coming from those Elites – And that too is a reflection of another trend we earlier named “Disinformation to Infinity.” Going forward, Savvy Investors should expect more such Disinformation more often, and seek Independent sources of Information. Full Story
Increases in taxes and, to a lesser extent, reductions in spending, the infamous $600 billion “Fiscal Cliff” that’s looming in the new year, will reduce the US federal budget deficit by 4 - 5.1 percent of Gross Domestic Product (GDP). But at what cost? Full Story
An IRA that invests in physical gold and silver is NOT for everyone, but it may be appropriate for a portion of your retirement funds. It will probably be safer in the event of another financial meltdown, but it will be more expensive than a traditional IRA, and it is less convenient and flexible. Choose what works for you. Full Story
The weekly column I freelanced to the Sunday San Francisco Examiner in the late 1990s was as relentlessly bearish as my Rick’s Picks commentaries are today. However, the essay below, published in 1997, was a notable exception. Its thesis was that U.S. companies both large and small were perfectly positioned to benefit from the emergence of a global middle class. Full Story
The corpse of the TSX Venture Exchange (CDNX) is twitching. However, there is a long ways to go before it gets back to the levels seen in Q1 2007 just below 3,400. Indeed the CDNX is nowhere near the highs of February 2011 when it reached 2,465. At current levels, the CDNX is back where it was in late 2003. It has been a very frustrating time for participants in the junior markets. Full Story
By: Doug Hornig, Casey Research - 20 September, 2012
If you wanted to sum up the just-concluded Casey Research/Sprott Inc. Summit titled Navigating the Politicized Economy, you could say "The situation is hopeless but not serious." More than 20 speakers – many of them world-renowned financial experts and best-selling authors – gathered in Carlsbad, CA, from September 7 to 9 to ascertain exactly how hopeless, and what investors can do to protect themselves. Full Story
We recall with some nostalgia that it was last year on September 6, that gold hit an all-time high of $1,923. This of course reminds us that a month before that the credit agency Standard & Poor’s stripped the United States of its AAA rating on its bonds after partisan wrangling over raising the government's debt limit led the nation to the brink of default. And now in addition to nostalgia we get a feeling of déjà vu. Full Story
Last week the Bernanke Fed recommenced its interventionist tendencies and announced QE3. The world’s most important central bank will be able to buy its previously targeted range of securities to the tune of $40bn a month. The Fed probably felt newly empowered by the ECB’s recent promises to action, and the deliberately awe inspiring words of ‘Super’ Mario Draghi. The world’s most systemically important central banks are building their balance sheets and with it an even bigger hand in the world’s most important financial game of poker. Full Story
We are in next phase of this bull market in precious metals, and gold and silver will continue to move higher now that printing money to infinity has become official policy. It will be the miners who are still undervalued and have growth potential that will really benefit from this next round of QE and rising gold prices. Expect to hear more stories about investments coming to the mining sector and as this trend grows, so will the attention being paid to the miners. Full Story
For a while now, I have been expecting a coordinated, global central bank action that would seek to print more money out of thin air, or "QE" (quantitative easing), as it is now called. Now we have two of the most important central banks, that of the U.S. (the Federal Reserve) and in Europe (the ECB) having committed to open-ended, limitless QE. Full Story
$40 billion a month? That’s their big plan? I came in from my canoe trip to watch this? Anyone with a rudimentary understanding of how an economy actually works will realize that our economy does not suffer from a lack of liquidity. In fact, there is too much of it. The banks have so much excess cash, they don’t know what to do with it—so they just park it with the Federal Reserve. What will more liquidity do? Full Story
Is the Fed’s goal to debase the U.S. dollar? The Federal Reserve’s announcement of a third round of quantitative easing (QE3) might have been the worst kept secret, yet the dollar plunged upon the announcement. Here we share our analysis on what makes the FOMC tick, to allow investors to position themselves for what may be ahead. Full Story
A prominent symptom of the final deflationary phase of the 60-year/120-year cycle scheduled to bottom in 2014 is, ironically, asset price inflation. While this may seem contradictory at first glance, it makes perfect sense after closer scrutiny. Asset price inflation is the central bank’s response to the destructive undercurrent of economic deflation. It requires a decisive action, as the recent QE3 initiative showed. Full Story
Head of the Bundesbank, Jens Weidmann has shocked Europeans by appearing to compare the ECB’s unlimited bond buying program to a scene from the important German literary work Dr. Faust where the devil persuades an emperor of a small kingdom to print money to solve his financial problems and it ends in financial disaster. Full Story
By: Louis James and G Edward Griffin - 18 September, 2012
Author G Edward Griffin was pilloried from all sides when his book The Creature from Jekyll Island was first published in 1994. 18 years later, when prediction after prediction has come true, and Griffins claim that we are in the middle of enormous changes to society that will affect your lifestyle, your livelihood and your financial wellbeing are playing out every day, people are taking notice. Full Story
Hera Research is pleased to present a sobering interview with Neil Barofsky, Senior Research Scholar, Senior Fellow and Adjunct Professor of Law at the New York University School of Law. From December 2008 until March 2011 Mr. Barofsky served as the Special Inspector General for the $700 billion U.S. Troubled Asset Relief Program (TARP) that bailed out the U.S. banking system in 2008. Full Story
Markets rarely provide “total satisfaction” to investors, and when they do, it’s usually not for long. The gold and silver markets are overbought on short term charts, but they refuse to sell-off very much. This situation is frustrating, especially for people who want to enter the market on the buy side after a “decent correction”. Full Story
Ben Bernanke and Mario Draghi must be absolutely terrified. These two men, in the last two weeks, have both initiated open-ended bond buying programs. The purpose of these programs, aside from keeping insolvent banks in business, was to scare the markets into believing that no matter what happens, the Central Banks will be able to step in and support the financial system. Full Story
By: Steve Saville, The Speculative Investor - 18 September, 2012
So, the Fed has done what we thought it would have enough sense not to do at this time. The US now has "QE3". The Fed has said it will purchase $40B per month of mortgage-backed securities, indefinitely. This is being done to "put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative." Interest rates are at generational lows, but the Fed believes that what the US economy really needs right now are lower interest rates. Full Story
Stagflation’s appearance in the 1970s was like an outbreak of three-headed children. It wasn’t supposed to happen. Prevailing wisdom—an oxymoron among economists—held that high employment and rising prices were economic handmaidens; and that, conversely, slowing economies and inflation were mutually exclusive. Full Story
In the run up to Thursday’s FOMC announcement of open ended ‘asset’ (mortgage debt) purchases, ZIRP extension and Twist continuation, NFTRH had been using the average US presidential election cycle, sentiment backdrop and of course technical analysis to stay bullish (with associated rising risk profile). We had incorrectly minimized the potential for QE right here and now in the interest of not running with an increasingly over bullish herd and with respect to risk management. Full Story
With another syringe of quantitative easing being injected into the U.S. economy’s bloodstream, Ben Bernanke is giving the markets their liquidity fix. The Federal Reserve’s action reaffirmed my stance I’ve reiterated on several occasions that the governments across developed markets have no fiscal discipline, opting for ultra-easy monetary policies to stimulate growth instead. Full Story
Last week was a momentous one when the financial world passed the point of no return. Right after a German court cleared the way for massive European QE to get underway, steamrollering opposition from German politicians and the German public in the process, the Fed announced not just QE3, which was expected, but open-ended and unlimited QE and suppression of interest rates over a longer timeframe. Full Story
Protect yourself from the politicians and from our inflationary economic system. Economically speaking, nothing substantive will change for the better as a result of this election. Buy gold, silver, and your favorite inflation hedges. Full Story
The US Republican Party recently announced its intention to set up a "gold commission", to examine the feasability or not of returning to a gold standard. This raises important questions, cutting across the neoclassical economic consensus, so is bound to be controversial. If the commission is appointed, it members will have to re-learn how gold works as money, take on board the consequences of its reintroduction, and understand the reasons why mixing un-backed paper and gold is a flawed compromise. Full Story
But wait - if it’s true government takes things out of the pot without putting anything in, why would so many people be afraid of a reduction in government outlays? If the “pot” represents a snapshot of a society’s total wealth, with net revenue streams feeding it, wouldn’t it make sense to slap government’s hands for scooping up whatever it wants? Yes, it would if the dominant economic theories were free market instead of Keynesianism. Full Story
By: John Mauldin, Millennium Wave Advisors - 17 September, 2012
We are often told that the current election is the most important in recent history. I think I have heard that in about ten presidential cycles, ever since I first voted, for McGovern, as a young man. And looking back, only about one of those elections actually qualified on that score. I think this election does have the potential to be one of those rare times, at least in terms of economic outcomes. Full Story
I was confident that the Fed had already begun printing. That seemed quite evident by the overall action in the commodity markets, the dollar, and the fact that stocks were unable to correct in the normal timing band for a daily cycle low. However, I didn’t really expect Ben would come out and publicly admit it. That one took me by surprise Thursday. I guess Bernanke wants to get full value for his attack on the dollar and make sure that markets are rising into the election. Full Story
By: Richard Daughty, The Mogambo Guru - 17 September, 2012
I was immediately intrigued with a particular email I recently received when I noticed that it was, for a pleasant change of pace, not venom-spewing hate mail or a death threat, like, for example, this other one from this morning. Full Story
We recently raised our forecast for the Dow Industrials to 14969, a target derived from Hidden Pivot Analysis that lies 10% above Friday’s close. We note that it would take but a 4.2% leap from current levels to eclipse October 2007’s all-time high of 14198. Make no mistake, we are not bullish on the economy. Far from it. Because the recently announced QE3 stimulus will do little or nothing to create jobs or strengthen America’s competitive position in the global economy, it can only end badly for investors. Full Story
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