By: Bill Bonner & The Daily Reckoning Crew - 23 March, 2007
-Not-so-delicious plastic apples...mushy television brains... -A small containable problem...what happened to good old-fashioned ‘justice’?... -Just like krauts and frogs...friends with you broker...bullish Indian reservations...and more! Full Story
It might take more than a few 0.25% hikes in interest rates. But if Washington were to make owning gold illegal once again – just as it did to defend the Dollar in 1933 – at least US investors now have the option of hoarding physical gold offshore...beyond the reach of their government's caprice and diktat. Full Story
We can already see the seeds of a new era being sown and sprouting. One of the major signs is the increasing awareness of the problems that our current way of living creates - socially, psychologically, economically, environmentally and spiritually. Just one such example is this article: Why Having More No Longer Makes Us Happy. Yes, this era is winding down in an endgame, but the ending is just a prelude to a new beginning. I will have much more to say about this in future installments. Full Story
Did you see that monster rally on Wednesday afternoon? The one that sent the Dow up more than 150 points in the blink of an eye? If you’re wondering what caused it, I have an answer for you … Full Story
When do I sell my silver and gold? Are there ways of determining when to sell ones investment? In our opinion the two most important questions when investing are, "when do I buy?" and "when do I sell?" Analysis of the economy, price movements, interest rates, debt levels, unemployment, supply and demand, public sentiment etc. are all intended to help us determine when to buy and when to sell an investment. In this article we briefly discuss a typical method for determining when to sell an investment and then we explain our way of answering this question. Full Story
On the eve of the next war front to explode in the Persian Gulf region, some thoughts on the energy sector seem appropriate which attempt to tie some factors together. In the last two to three years, the biggest challenge to analysts is not so much identification of certain relevant effects, as it is integration of analysis on a several simultaneous patently clear crucial factors for correlation. To friends an assessment has been often used by me, “This is five dimensional chess, and at any one time, three dimensions are dominant. All are linked increasingly and with more complexity. The challenge is to finger the most important pairs of factors.” That covers it in my opinion. Full Story
By: Kevin Kerr & The Daily Reckoning Crew - 22 March, 2007
-Winging it on a plane...the new breed of buffoonish Rough Rider... -Uniquely democratic Kaiser role... lifelike markets... -Fun with financial publishing...a technical accident in Alaska...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 22 March, 2007
By omitting a few key words from their most recent statement, the Fed led Wall Street to the premature conclusion that the next move in interest rates will be down. With the economy clearly headed for recession, there is no doubt that the Fed would like nothing more than to do just that. However, given that it wants to pretend otherwise, and considering the damage it would do to the already shaky U.S. dollar, an actually rate cut seems highly suspect. Full Story
It's not often that I would make any future Mo price projections outside of an editorial piece on Moly, but today I must as I don't have time for a lengthy editorial at present. After conversations today with one who is far more connected than I could ever hope to be w/ regards to Moly (& Uranium) players and worldwide demands going forward, I found my own past and present optimism on Moly prices being soundly confirmed. Full Story
Over the last few weeks investors have been very very surprised at the performance of virtually all of the markets with the big initial shock coming from the 9% decline in the Shanghai markets overnight. Many analysts have had some great insight into what the problems are, the effects of them and how investors should approach the markets. Unfortunately, we have many different opinions from these analysts. Full Story
The chart above quite clearly illustrates how household debt has soared to a point where it accounts for huge portion of the GDP; this monstrous debt is now equivalent to 90% of the United States GDP. This also clearly illustrates how this economy has been financed by a mountain of debt; at the end of the day nothing new has been created other then a huge pile of debt. This sort of scenario cannot last indefinitely, eventually the assets that were over inflated must deflate and this is currently what’s happening in the housing sector. Full Story
The world is coming to realize that the Federal Reserve and its Enforcement Administrator, the US Treasury, have no place to hide. Do they "rescue" the dollar now with higher interest rates, or see to it their political co-conspirators are re-elected? Either way it doesn't matter to the banking cartel. They make money for their private banking cartel no matter what the direction. Can the dollar have enough juice left to even be jump-started by their banking allies around the world? Full Story
My advice to permabears is to go with the flow for now, since it is not only the inexorable rise of stocks that you will be fighting, but a bullish stampede in the bond markets as well. No doubt, the hedgies are already gearing up for yet one more blissful avalanche of free money. When you’re in the business of borrowing short (“Hello, Japan!”) and lending long, nothing could sound sweeter than the tacit promise of a Federal Funds rate about to come down, down, down Full Story
Webcasts All Times Eastern 10:00 AM David Morgan - Silver Investor 10:30 AM Endeavour Silver 11:00 AM Dia Bras 11:30 AM Jason Hommel - Silver Stock Report 12:00 PM Silvermex Resources 12:30 PM SilverCrest Mines 13:00 PM Julian Phillips - Silver Forecaster Full Story
By: Mike "Mish" Shedlock & The Daily Reckoning Crew - 21 March, 2007
-We're still not sure about global warming - but the lush, green forests of today's credit expansion are surely going to go brown... -Economic ecosystems...super-size my subprime McMansion... - Nervous Spanish agents...sticking to what you know...and more! Full Story
By: Bob Chapman, The International Forecaster - 21 March, 2007
What has happened in the past six years is extraordinary. The debt that has been accumulated will be with most of the borrowers for the rest of their lives. They have become debt slaves to the banks and tax slaves to our government. There are those in our society that will remain in perpetual debt. A debt that is almost impossible to pay off. Their debt game is how our society is being controlled and destroyed. Full Story
By: Richard Daughty, The MOGAMBO GURU - 21 March, 2007
Watching the economic idiocy all around me, and the impending collapse of the housing bubble which has been dubbed by some as The Biggest Speculative Bubble In Freaking History, my days are now spent almost exclusively in fear and frenzied activity, mostly in angrily stockpiling gold, silver, oil, ammo, and these terrific little frozen pizzas that score a bulls-eye with those of us whose tastes run to yummy pork products. Full Story
As we recently reported to our readers, Gold, Silver and Gold stocks gave a number of important buy signals in the last week or so. Since then, prices have moved higher. If your portfolio or 401-k is void of these investments, early retirement is not likely in your future. On price weakness, add Gold, Silver and GDX to your portfolio. In any event, diversification is always a positive. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 21 March, 2007
I know you are tempted to feel sorry for gold and maybe even offer it a helping hand. Don’t bother. It doesn’t need your helping hand, but thank you anyway. I receive so many emails from folks who are so worried because gold does not travel in a single uninterrupted straight line trajectory to the stratosphere. Give me a break people and use your common sense and observe very carefully that gold is staying above 600 and staying quite nicely around 650. Gold is definitely in a bull market regardless of your individual worries. Full Story
The global sell off of the past week was in part simply the profits taking that happens this time of year, and in part a number of our running themes being confirmed during this year’s shortest month. These are the US housing market, concerns about overall US debt levels, and the fact that East Asia will increasingly steer markets. We continue to believe we are moving towards a broader audience for the resource sector. Full Story
While no one can say exactly when this bull market, now in its 25th year, will finally succumb to gravity, it is still possible to get short whenever we please, and with relatively little risk. Take yesterday, for instance. In the Touts section of Rick’s Picks we recommended shorting two especially juicy targets, Goldman Sachs Group (GS) and Time Warner (TWX). Full Story
By: Dr. Kurt Richebacher & The Daily Reckoning Crew - 20 March, 2007
-Time wounds all heels...remember when it was as simple as a 'Coke and a Smile'?... -Investing in the Rim of Fire...Mesopotamian Dixie Democrats...purple fingers for democracy... -Old campaign buttons...syrupy rich sauce...unhappy People's...and more! Full Story
Liberty Dollar filed suit against the U.S. Mint on Tuesday, March 20 in U.S. District Court in Evansville, Indiana. The organization -- which promotes and distributes the new gold and silver currency -- asked the court to declare that the use of the Liberty Dollar is not a "federal crime," as claimed by the U.S. Mint. And the organization further asked the court to enter a permanent injunction against the U.S. Mint requiring it to remove any reference that the use of Liberty Dollars is a federal crime from its website. Full Story
In simple terms, I am of the opinion that the structural silver deficit of the past 60 years is over, because that which enabled the deficit to last so long, the accumulated inventory of thousands of years has been effectively exhausted. In other words, I am not saying the world is suddenly producing silver in surplus amounts, I am saying we have just about run out of available inventories to sustain a continued long-term deficit. Full Story
The Securities and Exchange Commission has proposed to raise its "accredited investor" wealth requirement--which is necessary to invest in hedge funds, private equity, and other investments--from $1 million net worth to $2.5 million. Full Story
By: Dr. Ron Paul, U.S. Congressman - 20 March, 2007
The U.S. housing market, long considered vulnerable by many economists, is now on the verge of suffering a serious collapse in many regions. Commodities guru and hedge fund manager Jim Rogers warns that real estate in expensive bubble areas will drop 40 or 50%. Mainstream media outlets like the New York Times are reporting breathlessly about the possibility of widespread defaults on subprime mortgages. Full Story
What is always fascinating is psychology of markets. Even when it is obvious that a pullback has to happen, people get sucked into the direction of the market. For example, if you look at the market’s climb from last June to February of this year, it is apparent that the climb was not the norm. Never before had the market moved so slow and steady. There wasn’t as much as a 3% pullback, which is unheard of for any 6 month period in the stock market. Full Story
A round of applause for globetrotting guru Jim Rogers, who has forsaken the nurturing bosom of respectability to join the wild-eyed crazies in the housing-bust camp. "Real estate prices will go down 40-50 percent in bubble areas;” he recently told Reuters. “There will be massive defaults. This time it'll be worse because we haven't had this kind of speculative buying in U.S. history." Full Story
In our world of tiny to negative real interest rates, you'd have to be an idiot to keep your wealth in notes and coins. And only a fool would think he (or she) was getting ahead by keeping cash in the bank...rather than bidding up bricks-n-mortar...stocks and shares...junk bonds in emerging markets...or gold bullion owned outright. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 19 March, 2007
-Bad news for minorities…double the interest or a smashed face… -Not all pain is bad…get grain while the getting's good… -Shorter distances on discount airlines…a fondness for the absence of oddities…and more! Full Story
Jim Puplava. Warren Buffet. (replay) Gold & Silver add to last weeks gains. 98% chance that the Fed. holds rates steady next week. Subprime worries rattle stock markets. Dollar plunges to lowest point this year. Spotlight Pick with a 9% dividend. Full Story
By: Bob Chapman, The International Forecaster - 18 March, 2007
Fresh from Goldman Sachs, Robert Steel, the Treasury Undersecretary for domestic finance, tells us the government is monitoring the distress in the subprime mortgage industry and believes the current situation is manageable. From his lips to God’s ears. The excess of the past four years have blown up in the middle of the financial sector and the losses will be larger than the 1980’s Savings & Loan disaster that almost took down the financial system. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 18 March, 2007
-Pizza-men skimming off the top…if a shot of whisky made you sober… -Looking ready to shimmy and shake…scrambling up the rungs to smell the 'flation… -The olden-days of mortgage lending…slow moving Portuguese brothers…and more! Full Story
By: John Mauldin, Millenium Wave Advisors - 18 March, 2007
This week we look at the yen carry trade, delve deeper into the mortgage lending world, and see if we can find a possible connection between them and the economy in general through something called complexity theory. As I have written for many months, I think the subprime mortgage problems are going to be the catalyst for a recession. We look at some ways that the contagion in this small part of the housing market could spread. Full Story
Are Atlantic City’s casino headed for hard times? That’s the story I get from a childhood friend of mine who’s lived in the resort all his life, has owned some nightclubs there, and is pretty plugged into the local scene. He even thinks there’s a chance that The Donald, who has actually run a casino into bankruptcy, will bail out at some point. Full Story
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