By: Bill Bonner & The Daily Reckoning Crew - 24 November, 2006
-Watch the dollar...it’s falling again... -Markets always do what they are supposed to do - just when you aren’t expecting it... -Diversifying a stock portfolio into commodities can significantly reduce your risk...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 24 November, 2006
Don’t make the mistake of thinking that this is somehow a problem for foreigners. It is Americans who will feel the losses the greatest, as it will result in substantial increases in both consumer prices and interest rates, and in declining assets prices, particularly for residential real estate. In the other words, what we own will be worth a lot less and what we need to buy will cost a lot more. Full Story
By: Gary North, Mises on Money - 24 November, 2006
To see which cause is dominant – inflation or deflation – you must look at the money supply figures. They are important for revealing which phase of the economy we are in. Falling short-term rates do not tell us. Falling rates in general do whisper "recession ahead," and long-term T-bond rates that are below short-term T-bill rates are not whispering. They are raising their collective voices. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 24 November, 2006
-It’s a holiday in the Homeland...but we continue our vigil before the great Public Spectacle nonetheless... -How does the ‘investor’ know there will be a bandwagon? What makes him think he can make money by buying bits of inanimate trash? -What makes commodities risky is that same thing that makes them attractive...father knows best...and a Happy Thanksgiving! Full Story
By: Jim Rogers & The Daily Reckoning Crew - 22 November, 2006
-Google...rising stock, or ridiculous verb?...the problem with technology is that there is always new and improved technology right behind it... -Don’t mistake a correction for the end...the commodities boom is nowhere near ending... -The Left and the Right try to predict the future...but don’t expect it to be much more effective than a Magic-8 Ball...and more! Full Story
By: Bob Chapman, The International Forecaster - 22 November, 2006
At best the Dow will test 7,268 and if it’s as bad as we believe it could be we could go to 4,000 to 6,000. That as well will turn pensions upside down. Once the fed stops increasing money and credit, deflation will set in – a depression. That is when all your liquid assets go into gold bullion coins and be sure you are very well armed and have provisioned yourself adequately. Once that deflation begins commodities will fall. If you have to diversify try Swiss franc Treasuries. In 1981, the 30-year Treasury traded at a yield of 14.7%. For those with lots of money capturing high yields in the world’s strongest currency would be a masterstroke. If you capture a high yield and events eventually bring lower yields, you will capture capital gains. Read this again it will save your financial life. Full Story
By: Richard Daughty, The MOGAMBO GURU - 22 November, 2006
These days I am paralyzed, consumed with dread at the unfolding economic drama, although I am somewhat mollified by the news that Total Fed Credit was down by a microscopic $400 million last week. So the Fed, I am somewhat relieved to note, is not going crazy with creating new excesses of money and credit with this particular method. Full Story
The last audit of our gold reserves was in 2005, just one year ago. Nevertheless, many citizens are concerned that a thorough audit of our gold reserves has not been properly performed, and consequently, warrants attention. Some individuals claim that a complete physical audit has not been done since 1954. Full Story
In this commentary, Mr. Gnazzo argues that the gold and silver reserves held at the U.S. Mint, presumable mostly at Fort Knox, have not been audited since 1954 and that the "audits" performed by the U.S. government are not really audits because the gold and silver are not physically counted. I don't know what Mr. Gnazzo's background is, but mine involves over 8 years of audit experience. I am intimately familiar with the terms "Government Auditing Standards", "Generally Accepted Accounting Principles" ("GAAP") and the like. Full Story
By: Puru Saxena & The Daily Reckoning Crew - 21 November, 2006
-When is a stock like a taxi?...homebuilders face grumpy “walls of worry”... -Don’t like your house anymore? That’s okay...just divorce it... -Sense is not what it makes...and more! Full Story
*Back by popular demand this week, Goldseek Radio's gold stock guru, Peter Spina. Peter has identified what appears to be another great stock for his subscribers. In fact, this pick has soared more than fifty percent since he first announced the opportunity, typical for Peter's gems. But this could be just the opening salvo - he expects the stock to move much higher from these levels. Next up, Bob Chapman distills the market fundamentals down to the basic components. Jack Chan and Gary Kaltbaum are expected to return next week. The first hour wraps up with Goldseek Radios spotlight pick of the week.
*Alternative energy expert, Jeff Siegel joins me in the second hour. Jeff says the true price of domestic gasoline is not reflected at the pump. That government subsidies and military supremacy are hidden costs that consumers ignore when they fill up the tank. When you add up the true costs, gas is approaching seven dollars a gallon in the US. How can investors get on board the alternative energy bull market? Be sure to listen to the second hour as Jeff presents his favorite stock picks in the alternative energy sector. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 20 November, 2006
-The calm before the storm...the beginning of the end for your house...maybe... -An unregistered pink car at the G-20 summit breeds party poopers... -Doing dishes in an Alcatraz-like bathroom...and more! Full Story
By: David N. Vaughn, Gold Letter, Inc. - 20 November, 2006
The world is changing and you better get on board and at least recognize and acknowledge these subtle changes occurring around us. The time is coming when the open door will slam shut and those still hanging around outside smoking a cigarette and taking a break will be left out in the cold and the door will be shut and locked barring their return. An invisible noose quietly continues to position itself around the US of A and that noose is one made of too much debt. That noose continues to tighten a little more each day but no one notices or pays it any attention. Full Story
By: Bob Chapman, The International Forecaster - 19 November, 2006
Just think what the last five years would have been like without the real estate boom. Forty-five percent of US economic activity would never have occurred. We would have never seen the $20 trillion bubble that kept our economy afloat. Without the Fed induced liquidity binge we would at best had a serious recession. As we can see the affects of that monetary madness is coming to an end, and we will resume our decent into recession, which we entered almost a year ago. The stratospheric real estate prices are dwindling – the bubble has burst. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 19 November, 2006
As new statistics confirm the extent of the real estate market collapse, many wishful thinkers now herald bad data as positive omens. For example today’s release of dismal October housing start figures convinced many naive economists that the market was on the mend. They argued that the 14% decline in housing starts from September (the lowest activity in six years) and the lowest number of building permits for the last nine years would solve the problem of oversupply, thereby restoring balance to the market. Talk about lemonade from lemons. Full Story
By: John Mauldin, Millenium Wave Advisors - 19 November, 2006
I arranged for good friend Gary Shilling to condense his 40 page letter on the housing market for you. While this letter will print long (for those of you who print the letter out), it is mostly charts, which Gary excels in. Gary argues that housing prices are not in for just a small decline but a material drop. I have argued that it is housing that will be one of the main causes of the next recession sometime next year. So without adding too much more copy, let's jump right into Gary's analysis. Full Story
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