By: Bill Bonner & The Daily Reckoning Crew - 26 May, 2006
-Bouncing just enough to keep us on our toes...billion-dollar guesses... -Nothing but questions...the rotten fruit finally falls from the tree... -Here's a surprise: it's raining in London...Bush wishes he hadn't "brought it on"...attention D.C. commuters!...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 26 May, 2006
When higher interest rates really start to take their toll on consumer spending and home prices, the Fed will either do an about face and start cutting rates in a desperate attempt to revive the economy, or it will continue to raise them, deliberately pushing the economy deeper into recession. Both scenarios are bearish for the dollar, and it is only a matter of time before the market figures this out. Full Story
By: Susan C. Walker & The Daily Reckoning Crew - 25 May, 2006
-Testing our faith - but not our patience...the biggest spender of all time... -The frontier between two stages of a bull market...tempests are never welcome... -Gold: accepted everywhere...our cross-country trekkers feel the blow of $385 loss off a gas station lottery ticket...and more! Full Story
In my last two articles (“Bull in Bear’s Skin?” and “Ultracrepidarian Musings”) I emphasized that gold and silver analysts make a blunder when they dismiss the monetary aspect of these metals. Some of them even brag that they deliberately ignore it lest their vision be blurred by considerations other than supply and demand which alone determine price. To my criticism that supply and demand in case of a monetary metal are indeterminate because of the huge speculative following as it switches its loyalty back and forth between the long and the short side of the market, they mumble something to the effect that they have a unique ability to sort out the wheat from the chaff. Such a claim is preposterous. Full Story
I've met Clyde numerous times as a fellow panelist at the Chicago natural resources show. Clyde sent me his latest draft of his speech, which he continually revises, as he is in very high demand as a speaker. You will see why, as he has a genius for clarity of vision, as well as presentation. Full Story
By: Bill Bonner & The Daily Reckoning Crew - 24 May, 2006
-The white caps came out in the world's markets...sometimes, your only choice is to sink or swim... -In the natural world, a man cannot stir up the wind...the candid examination of this culture's carbuncles... -Slave to debt...secure your space for the Agora Financial Wealth Symposium in Vancouver July 25-28...and more! Full Story
By: Richard Daughty, The MOGAMBO GURU - 24 May, 2006
I hope that you receive this copy of the Mogambo guru newsletter, as I am in Mogambo Security Lock-Down Mode (MSLDM) at Security Level Three here at the bunker, and I am busily reviewing Mogambo Procedure Manual (MPM), trying to fix it in my mind, fix it in my mind, fix it in my mind that it is "Ask QUESTIONS first, THEN shoot", and not the other way around. Yet. Full Story
Borrowing is not bad if it is done for some productive purpose. Businessmen have borrowed and prospered throughout the history. A typical Fortune 500 company has billions in borrowings. In fact the more aggressively growing a company, the more it is likely to be fuelling its growth with borrowing, thus proving the veracity of Aristotle Onassis' words: "Behind every millionaire hides a frenzied borrower." But the same phenomenon of borrowing becomes a noose around your neck if you use the borrowed funds for giving yourself a treat, without really deserving it. And this is what is happening in the US right now. Full Story
Sometimes I’m thankful I’m not Scott Patterson, the Wall Street Journal reporter who has to explain each day why the stock market did what it did. His lead on yesterday’s market wrap-up showed promise: “A victory lap by stocks turned into a run for cover by day’s end.” But by the end of the next paragraph, he was threatening to run off the rails: “Higher most of the day, thanks in part to stock rebounds in Europe and many emerging markets, stocks tumbled in the final hour of trading, dogged by worries about rising oil prices and the instability of overseas markets.” Full Story
By: Puru Saxena & The Daily Reckoning Crew - 23 May, 2006
-What goes up must come down...waiting to find out what's next... -Markets are voting machines...more cautions - at no extra cost... -Take the contrarian stance...the foray to the belly of the beast...the purple-haired lady speaks...and more! Full Story
By: Axel Merk, Merk Hard Currency Fund - 23 May, 2006
Is the dollar at risk because of America’s enormous current account deficit? Many “experts” are spreading information that is confusing, outdated or simply not applicable. Yes, the current account deficit puts the dollar at risk; at the same time, however, a lower dollar will provide no long-term solution to the current account deficit. Full Story
Let’s face it, nobody can consistently Beat the market! It’s definitely possible to have periods of Out-Performance. I know many nimble Traders that do. But to consistently Beat the market, year-in and year-out is just NOT possible. By and large investment returns resemble the index of assets and risk class that you’re investing in. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 22 May, 2006
-American dollar should start taking notes from the Argentine peso...A voodoo economy built on magic paper money...a boom begets bust... -Fed chiefs, present and past, are covering their derrieres...a new global trend: Bankruptcy...our thoughts on buying gold... -Addison, Shortfuse and company on a wild pork chase in the District of Columbia...the secret truth about modern economists...and more! Full Story
Congressman Tom Udall discusses the energy dilemma and outlines where domestic gas prices are headed.
Gary Stroik, the author of All About Dividend Investing, shares his market experiences and why he is so bullish on gold and silver.
Trading Wizards: Bob Chapman, Gary Kaltbaum and Jack Chan return to explain the current weakness in precious metals and the stock market as well as their market forecasts. Full Story
By: Bob Chapman, The International Forecaster - 21 May, 2006
Gold owes no one anything. It has been a store of value for centuries, a safe haven in a political, economic or financial storm. It can be used as an anchor for other currencies. The gold solution is simple – a no brainer. The opposition is the elitists, central bankers and politicians. They want the ability to create fiat currency. The excuse is in today’s global economy a gold standard is too restrictive. They want leverage and gold doesn’t allow that. We have already witnessed what shambles fiat currencies have led to in our monetary systems. Central banks cannot be trusted to apply the precepts of sound money effectively. Full Story
By: John Mauldin, Millenium Wave Advisors - 21 May, 2006
This week I am in La Jolla for my annual Strategic Investment Conference. It is packed, and of course I am quite busy, so not much time to write my regular e-letter. But a few weeks ago, Rich Smith from The Motley Fool did a fairly wide-ranging interview with me that just came out this week, and I thought he did an excellent job in putting together a coherent piece from what was a long conversation covering a lot of topics. So, let's see what Rich found interesting in my musings. Full Story
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