By: Bill Bonner & Justice Litle, The Daily Reckoning - 24 March, 2006
-Which central banker would you like to be?...we don't need no stinkin' concave bend in the nation's lending rates... -Real rates must rise again...the long tale of victory and of woe... -Addison appears on Bloomberg TV to talk about the "best investment newsletter in the industry"...and more! Full Story
The gold market has had repeated booms and busts throughout history. Since the official end of the Bretton Woods system in August, 1971 when President Nixon closed the gold window, the world has not had a gold backed currency. Many would argue this is why gold has been in such a prolonged ‘funk’. Evidence suggests otherwise. Owing to obscenely large money and credit/debt creation within the past ten years it is inconceivable why the price of gold is not dramatically higher today. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 24 March, 2006
With gold prices rising against all of the world‘s fiat currencies, some have suggested that gold now trades as if it were an alternative currency, on par with the dollar, euro, and yen. However, this observation reveals a basic lack of understanding of the difference between money and currency. Since the confusion seems to be wide-spread, I thought it would be worthwhile to try and clarify the issue. Full Story
Crude oil prices reportedly “worried” investors yesterday, perhaps because there was nothing more menacing in the news. But look at the chart below. It doesn’t take a technician to see that the current uptrend in prices is yet another gratuitous stab into the mid $60s, as likely to be followed by a $4 or $5 decline as high tide is by low. Face it, if Katrina couldn’t push spot quotes up to $100 a barrel, than what would?** But prices at the pump are another matter. Full Story
By: Bill Bonner, Justice Litle & James Kunstler, The Daily Reckoning - 23 March, 2006
-The Daily Reckoning goes positive: the grass grows greenest around the manure pile ... -All eyes on the Bank of Bernanke...has he picked up his predecessor's speaking skills? -Thoughts on the usefulness of a college education...avoiding the big-ticket items...and more! Full Story
By: John Rubino, DollarCollapse.com - 23 March, 2006
Funny how some rituals persist long after their original point is forgotten. Take the federal debt limit, that relic of a time when lawmakers were actually embarrassed about piling debt onto our kids. Nothing embarrasses these guys any more, of course, and the annual process of raising the limit has devolved from tragedy to farce, with Treasury threatening to bounce Social Security checks (secure in the knowledge that it will never have to) and legislators pontificating on fiscal responsibility (certain that their pork won’t be touched), followed by a quiet vote to raise the bar by another half-trillion. Full Story
By: Bill Bonner, Justice Litle & Dan Denning, The Daily Reckoning - 22 March, 2006
-Bogus Fed numbers...Bernanke triggers a rise for the dollar... -Dollars, dollars everywhere, but not a drop of real liquidity...Buffett's bet against the dollar... -History, that coy tease, continues her grind...two out of three Americans now think the war against Iraq was a mistake...and more! Full Story
By: Richard Daughty, The MOGAMBO GURU - 22 March, 2006
I am sitting, alone, in the Impenetrable Mogambo Bunker Of Ultimate Defensive Posture (IMBOUDP), and voices that insist they are my "family" are begging me to open the blast-proof door and at least give them back the TV remote control. So I decide to ask them an easy question to find out if they are really my family or, as I suspect, nefarious imposters. Full Story
I am fortunate to have as a pen-pal a guy who has tracked the global bird-flu menace closely enough to understand it in ways that the news media evidently do not. He got my serious attention a while back with some interesting (and so far, profitable) thoughts concerning which stocks to short ahead of an all-but-inevitable bird-flu panic. Is it possible for one guy to know more than all of the newspapers and magazines that have been covering the story? Full Story
By: Dudley Baker and Lorimer Wilson - 21 March, 2006
We have compiled a remarkable summary of the ominous warnings, dire predictions and perceived devastating consequences that the vast majority of economists, financial analysts, economic research firms and financial commentators are saying about our current economic situation and what is most likely to unfold in the months and years ahead. It is a must read to more clearly understand and appreciate the financial state of the union, the impact it will likely have on various investments, and how better to allocate ones assets. Full Story
By: Bill Bonner, Eric Fry & Justice Litle, The Daily Reckoning - 21 March, 2006
-History hesitates. History feints. History even seems to pause. But, history never stops... -Cost of living continues to rise...thank you, Alan Greenspan... -Addison makes his C-SPAN debut...pictures from Paris...and more! Full Story
By: David N. Vaughn, Gold Letter, Inc. - 21 March, 2006
You don’t believe yet that gold is making a few investors incredibly rich? In the past few years we have witnessed gold ascending from around 252 dollars an ounce to a top so far around 580 dollars an ounce. And have you been paying attention to many of the silver & gold junior resource & exploration companies? Full Story
There was more tension on the geopolitical front this month, and there are few signs this is going to end soon. That’s especially true in the Middle East where one event after another has been making headlines. The situation is intensifying and this will continue to affect the markets, particularly gold and oil. Full Story
Will the Dow Industrials surpass 11350, a threshold that I’ve characterized as crucial to the bullish case for the intermediate term? If Monday’s turgid action is any indication, the Indoos will get there eventually, but probably later rather than sooner, one mincing step at a time. Usually the opening minutes of a new week provide Da Boyz with an excellent opportunity to mount a short squeeze. Yesterday, though, their tried-and-true ruse failed just 15 minutes into the session, presumably frustrating all of those who thrill to pay top dollar for whatever someone else might be selling. Full Story
By: Bill Bonner, Chuck Butler & The Mogambo Guru, The Daily Reckoning - 20 March, 2006
-The third anniversary of the war in Iraq...squandering borrowed money on a war no one really understands... -"If you are going to be a benevolent hegemon, you had better be good at it..." -Surprise, surprise, Americans are falling behind on their mortgage payments...investors' short memories...and more! Full Story
Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Full Story
By: John Mauldin, Millenium Wave Advisors - 19 March, 2006
Today we look at some of the data which continues to suggest a slowing of the housing market, and thus the economy, is in our future. This will in turn suggest that consumer spending will be under pressure. This in turn suggests that as growth in consumer spending slows a bear market in equities is a high probability outcome. We have a lot of data to sort through, but I think you will find it interesting. Full Story
Although I believe we are in a multi-year bull market in metals. This past month witnessed the worst gold mining share retreat in 23 months. February was a very bad month for the mining stocks, the XAU (Philadelphia Gold and Silver Index) was down 13.4% and gold was also down. So far in March, there has been more downside pressure as well and now the miners are holding their own in a nervous market. Full Story
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