By: Bill Bonner & The Daily Reckoning Crew - 26 January, 2007
-The hottest game in the big casino…providing all the money shufflers in the industry some work… -A "Tortilla Crisis" update…home sales saw biggest drop in 17 years for '06… -Mirror, mirror on the wall, who is greatest world improver of them all?…and more! Full Story
It has been a few weeks since I've written on the subject of deflation, and in the meantime Mish has had a couple of good articles (here and here) on deflation that have answered just about every question anyone could ask on the subject. But after mulling all this over, I've got another more fundamental question that I'm looking for an answer to: Does the Fed really want to prevent deflation? Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 26 January, 2007
When I last commented on the bond market (December 5th's What’s really going on with bonds), bond prices were inexplicably rallying, sending yields on ten year Treasury bonds to 4.4%. At the time, Wall Street was offering a variety of half-baked explanations as to why the market had moved beyond the cause and effect stimuli that had ruled for generations. My advice to investors was simply to sell into the rally and ask questions later. Since then, bonds have reversed course, with ten year treasury yields hitting 4.9% (a five-month high). Just as Wall Street’s explanation for falling rates was way off base then, so too is their explanation for rising rates now. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 26 January, 2007
Gold is hanging right on in there. So is President George Bush. Geopolitical tensions continue to rise. Bush is getting severe criticism for wanting a troop buildup in Iraq. A second carrier battle group is on its way to the Persian Gulf. What gives? I really feel in my bones that circumstances are coming soon to a nasty conclusion – or beginning. Full Story
By: Rick Ackerman, Rick's Picks - 26 January, 2007
The latest news from our bird flu correspondent, Erich Simon, is grim. Across Asia, and in parts of Europe, most recently in Hungary, birds are literally dropping from the sky. This is a strain of virus that kills with such alarming speed that Erich has inferred it must have come from a laboratory. He attributes the drop in the U.S. stock market yesterday to growing unease about the possibility of a global bird flu panic. I’m not so sure myself. Full Story
By: Brian Durrant & The Daily Reckoning Crew - 25 January, 2007
-Money of last resort…essential math (more or less)… -Instinct is often a better judge of the facts than reason…a possible salvation from housing market hell… -You don't need a groom to have a good reception…Veteran drinker is asked to prove it…and more! Full Story
For many years now, a number of people in the financial arena have been alleging that there is an active conspiracy to suppress the price of gold. Some see it as a sinister backroom affair. Others claim that it’s just the way the world works, and that it happens right out in the open, if only you know where to look. Among the latter is the Gold Anti-Trust Action Committee (GATA), the source of much of the material that has been written on the subject in recent years. In order to get their take, we sent our own Doug Hornig to interview Chris Powell, co-founder and secretary/treasurer of GATA. Full Story
How Trading Options Lets You Take Less Risk, Put Less Money on the Line . . . and Still Get Rich
Sound impossible? It’s not. In his new book, Lee Lowell presents the tricks of the trade he learned as a market maker and explains how to use them to generate wealth. Full Story
By: Rick Ackerman, Rick's Picks - 25 January, 2007
After-hours trading Wednesday evening was providing a breath of spring – Spring 2000, that is, for all who can recall the ominous, early rumblings of the dot-com bust. With the Nasdaq index leading the broad market higher, eBay is up nearly 7% at the moment, Netflix a tad more. And how about those ashen comets from the past, Rambus and Qualcomm. Full Story
By: Chris Mayer & The Daily Reckoning Crew - 24 January, 2007
-Lottery tickets and flying moolah…retirees up to their ears in debt… -Something fishy in the water in Washington…the state of the unicorn… -President Alcibiades W. Bush sees ratings as low as Nixon's around the time of Watergate…and more! Full Story
By: Bob Chapman, The International Forecaster - 24 January, 2007
This is called inflationism, a particularly decreased element of Keynesianism. It is like elixir that cures all ills. Raise rates and increase money and credit simultaneously. You have seen them in action when they are really needed. They cut rates and provide the needed credit. They can solve anything economic or financial. Do not sacrifice and save, spend to your heart’s content. Why not our banks are doing the same thing. Will it stop–of course not? It is now the only way the system can function. Full Story
By: Richard Daughty, The MOGAMBO GURU - 24 January, 2007
A lot of worried people ("I'm worried that gold and silver are not exploding to the upside even as we speak and that I won't be rich soon enough to suit me!") and a lot of angry people ("And I blame it all on you, you Stupid Mogambo Moron (SMM) and now I'm going to kill you!") are asking, in essence, "Why aren't precious metals moving up lately?" Full Story
By: Congressman Ron Paul & The Daily Reckoning Crew - 23 January, 2007
-Roger Dodgers in the Age of Mammon…eating cake with the hired help… -Forget bread, we need more money… seducing heavy hairdressers… -A soaring stock of humility…learning to keep quiet…and more! Full Story
Silver is an investment opportunity that sounds too good to be true. In fact, the silver story is so good that, when you first hear it, you are inclined not to believe it. How could it be possible that an item that has been right in front of us all along holds potentially spectacular investment promise? How could such a universally known commodity be overlooked for so many years by the investment establishment? These are legitimate questions that deserve an answer. I think the answer has to do with self-interest. Full Story
We have to pay our dues in knowledge, patience, and time. Every gold bull market appears to have to jump through the same hoops and in the end, it is the final six months or the "blow off" stage where fortunes are made. It is necessary to be positioned well in advance in order to take advantage of that last six months! Full Story
By: Rick Ackerman, Rick's Picks - 23 January, 2007
Speaking as a permabear who sees no chance whatsoever that the U.S. economy will be able to avert a deflationary collapse within the next few years, you can probably imagine what a delightful diversion it has been for me to have had reason to tout an extravagantly bullish, 13045 target for the Dow Industrial Average. The target is a compelling Hidden Pivot that comes from the long-term charts, and I first promoted it late last summer under the headline, “Is Dow Staging/For a Moon Shot?” Full Story
1st Hour: * This weeks top market headlines. * Goldseek Radio's Spotlight Pick. If you'd like to be added to Chris's e-mail list, for each weeks ticker symbols and related information, please send a message to: goldseekradio@hughes.net * Bob Chapman and Chris Waltzek discuss the top news items affecting the markets and answer listeners questions. * Market technicians Jack Singer & Jack Chan. 2nd Hour: * 1st featured guest: Dan Solin. * 2nd featured guest: Peter Grandich. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 22 January, 2007
-Complacency: the self-denying prophecy… the economy has been financialized and the financializers are getting rich… -No surprise yet - but the longer it waits, the worse it will be…sharecropper society… -The higher property values go - the taller the buildings get…the day will come when you wished you had bought gold…and more! Full Story
Theories of periodicity (cycles) in the stock market are as intriguing as they are controversial. The subject of equity market cycles has been discussed at length over the past 60 years with precious little in the way of agreement among cyclists as to what exactly constitutes a cycle, let alone which cycles are key. Full Story
By: Bob Chapman, The International Forecaster - 21 January, 2007
We certainly do not buy a soft landing for the economy and the housing market. Although the fall can be prolonged by dropping interest rates ¾% this year, but the flip side is higher inflation and gold and silver prices and a much lower dollar. That is a test of $1.3666 euros and 78.33 to 80 on the dollar index. The intermediate to long-term direction is set no matter what the elitists do. Full Story
Given the rising price of gold and the fact that federal spending is totally out of control, the prospect of gold confiscation and criminalizing the private ownership of gold by federal authorities inevitably rears its ugly head. There are few things that federal big spenders hate more than gold. Why? Because they know that, historically, gold has provided the best means by which people could protect themselves against the ravages of a rapidly depreciating currency. Full Story
By: John Mauldin, Millenium Wave Advisors - 21 January, 2007
Are we overbought and overvalued? Maybe. Is inflation coming under control? Maybe not. Did housing construction rebound last month? No. The only rebound was in the statistics. (I know readers will be shocked to learn that some statistics just may not actually be what the headline says.) We look at all this and more as we ponder a world awash in liquidity. Full Story
By: Rick Ackerman, Rick's Picks - 21 January, 2007
Citi shares have been out of favor in recent weeks, but there were signs on Friday that the stock may soon be ready to lead the broad averages higher once again. We have always maintained that as long as the bank stocks continue to advance, bull-mania on Wall Street would keep chugging along. It seems logical that such stocks would tend to outperform most others in an economic environment that allows purveyors of smoke and mirrors to thrive almost effortlessly. How can they lose, given that a bank’s cost of goods (aka “money”), thanks to the yen carry trade and other financial legerdemain, is practically zero? Full Story
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