By: Without Borders, Casey Research - 27 March, 2009
We are patriots. We have proudly served in our country's military, have extended a helping hand to its public sector, and have plowed our entrepreneurial enterprise into its once fertile soil. We love America, but these days, America does not love us back. It takes without giving and squelches free enterprise. These days, America is no longer the land of the free, especially when it comes to the market. Full Story
• Establishes three types of United States currency: standard silver coin and gold coin (restores Constitutional currency), and treasury credit-notes Full Story
The conclusion here is that I must stick with my previous position that the mad expansion of the US money supply will eventually spell out hyperinflation. While I doubt that the plutocratic manipulators can successfully bring about any overall measure of a hyper deflationary mode, it must certainly be addressed and put on the table of possibilities. But if it happens, my take is that it will be short term and see a follow up of hyperinflation and particularly as the US government will undoubtedly flood America with dollar bills. Full Story
By: David Chapman, Bullion Management Group - 27 March, 2009
The markets and the economy are in a mess. The authorities are throwing everything they can at it to try and save the financial system. But their approach is misguided; fighting a debt collapse with more debt at taxpayer expense is a plan that will ultimately fail miserably. But the rebound rally could be an opportunity to not only regain back some of the losses gleamed over the past 17 months but to raise cash and restructure, ready for the next phase of the great bear market of the first decade of the new millennium. Full Story
Now that we are at the Threshold of a Bear Market Rally, many Investors are wondering what Strategy they can employ to avoid a repeat of 2008’s catastrophic destruction of up to half of their Portfolios’ values. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 27 March, 2009
Way back in late 2000, only the very hardest-core contrarians even considered investing in gold stocks. This sector was all but obliterated after a multi-decade bear in gold. Its flagship HUI gold-stock index was languishing in the 40s, while the headline S&P 500 still traded in the 1400s. Most investors didn’t even know the tiny gold-mining sector even existed. Full Story
By: Peter Schiff, Euro Pacific Capital - 27 March, 2009
The tremors began in Beijing, where a essay from the governor of the People's Bank of China seemed to favor the creation of an IMF currency to replace the U.S. dollar as the world's reserve. In Europe, the rotating president of the European Union, outgoing Czech Prime Minister Mirek Topolanek, characterized America's plan to combat the widening global recession as the "road to hell." At same time, British Member of the European Parliament Daniel Hannan made headlines the world over with his stinging rebuke of the inflationary and debt-focused policies of the current UK government. Full Story
By: Jim Willie CB, Golden Jackass - 27 March, 2009
A crisis of global confidence in the USDollar is upon us. Foreigners have begun to lose respect for USGovt approach to problem solving, for US bank administration, and for USDollar custodial management. Foreigner creditors have suffered deep losses from fraudulent bond export, continue to sit atop mountains of US$-based debt securities, and watch current events in horror. Full Story
It’s a very similar situation to oil sands. The oil sands projects in Canada are completely worthless when oil is at $40 a barrel. After all, you can’t produce oil for $60 a barrel and sell it for $40 and stay in business very long. But when oil is at $100 or more, you make a killing. That’s why oil sands companies are highly leveraged to oil prices and significantly higher oil prices result in huge payoffs for oil sands stocks. Full Story
By: Douglas V. Gnazzo, Honest Money Gold & Silver Report - 27 March, 2009
Anything else is not according to the Constitution and will not work. You cannot pay off debt with debt. Gold’s time has come. The world needs gold. The world needs honest money. Full Story
By: Michael Nystrom, Bull Not Bull - 27 March, 2009
After recent events, it is harder than ever to take the "efficient market" hypothesis seriously, if you ever believed it at all. The serial inflation and subsequent busts of stock bubbles around the world and throughout history have shown us that markets are neither rational nor efficient. Market participants are driven by the emotional pendulum of fear and greed. Day after day the eternal battle is fought on the market floor between the bulls and bears, the optimists and the pessimists, the greedy and the fearful. Full Story
India has actually turned into a net exporter of gold because so many hoarders are cashing in their gold. India imported no gold in February and probably will not in March either, reported Reuters. Full Story
The bearmarket rally in the broad US stockmarket is thought to have about run its course, although it could run as far as 900 on the S&P500 for reasons set out below. The rally had its origins in extremes of negative sentiment before it started, so that once it got underway it was fuelled by short covering and media hype, especially the Obama optimism effect. Full Story
There have been several news reports this past week on the upcoming G20 meeting in London on April 2d. Perhaps the Chinese and Russians have been the most noteworthy in their plans for a new world reserve currency to replace the dollar. The Russians have had a focus on a basket of currencies or regional currencies which would open the door for the Russian ruble to gain a par status with the dollar and other key currencies. Full Story
By: Bob Chapman, The International Forecaster - 26 March, 2009
While Ben Bernanke buys $300 billion in Treasuries he is contemplating another $300 billion. In fact there is an excellent chance that the $300 billion, or at least a large part of it, has already been spent. Between you and we, and the fence post, Ben will need at least $5 trillion for monetization. What is being done is to cover debt and save the financial system, not to revise the economy. At the same time, as you have gotten a taste of this week, the dollar was hit very hard. Also on the agenda is hyperinflation. We predicted this in 9/04 and here it is. Full Story
Overall, the Euro currency zone's broad M3 money supply grew by 5.9%, beating analyst forecasts of 5.5% but lagging UK growth of 19.9% and US money-supply growth of 10.1% – itself more than twice the average annualized rate of the last 20 years. Full Story
An old friend of mine stopped by the office a few weeks ago and he unwittingly reinforced my complete confidence that you can still do very well in the markets. This is saying quite a bit given the frustrating state of the markets where government decree drives nearly all of daily trading activity. Full Story
I am a concerned American citizen and an unwilling taxpayer. I’m concerned because these piecemeal government bailouts continue unabated at the citizenry’s expense. The United States government should either nationalize the banks or simply let them fail. Full Story
By: Antal E. Fekete, Professor of Money and Banking - 26 March, 2009
Note that in the past Fed purchases of long-term Treasurys have been exceedingly rare. The last time the Fed resorted to it was in 1959. But half-a-century ago it was not meant to be a permanent fixture of monetary policy. This time is different. Wednesday’s announcement is the opening salvo in a brand new game of serial interest-rate cuts in the high-end of the yield-curve now that the Fed has chewed up the low end. It has used up all its ammunition in the short-term T-bill market where the rate is only microscopically greater than zero, rendering the Fed helpless and impotent. A new bag of tricks is coming into play: the monetization of long-term government debt. The market tells it all. Full Story
By: Eric Pratt, Resource X Investor - 26 March, 2009
Yesterday after Treasury Secretary inadvertently waxed supportive of the idea that he was open to China's suggestion of moving toward a currency system linked to the International Monetary Fund's Strategic Drawing Rights. gold spiked and the dollar dove as markets reacted swiftly. Geithner soon thereafter came back to assure viewers that the U.S. Dollar was going to remain the reserve currency for “the foreseeable future”. Full Story
A draft of this week's open letter – from Bank of England governor Mervyn King to UK chancellor Alistair Darling – which BullionVault found blowing down Threadneedle Street early Tuesday... Full Story
The storm we have so long tried to help readers prepare for is upon us. We’ve been calling for crisis for years now, detailing our case for its imminence with increasing urgency over the last two years, urging people to “rig for stormy weather.” And now, as people around the world are so painfully aware, it’s here. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 25 March, 2009
Investment demand will dictate the seasons now with traditional demand taking a back seat. The volume of their buying is currently sufficient to replace traditional demand. How long will this last? For as long as the global financial system remains faltering and unable to carry through its tasks reliably. In other words, until confidence is restored once more! Full Story
“We’ve averted” the risk of a depression, Federal Reserve Chairman Ben Bernanke said this week. “Now the problem is to get the thing working properly again.”
Appearing on CBS network’s 60 Minutes, Bernanke told correspondent Scott Pelley that concerted efforts by the government likely averted a depression similar to the 1930s. He also stated the nation’s largest banks are solvent and that he doesn’t expect any of them to fail; and that the U.S. recession will come to an end “probably this year.”
Is this finally the light at the end of the tunnel for the U.S. economy? Full Story
Gold has been one of the best investments in what is increasingly looking like a "lost decade" for most asset classes, yet, despite its steady, workmanlike gains - an average annual increases of 16 percent since 2001 - many gold investors are extremely disappointed with its recent performance. Full Story
By: Bob Chapman, The International Forecaster - 25 March, 2009
The Swiss National Bank has no plans to change its gold holdings, directorate member Thomas Jordan said Thursday.
We have a firm stock of 1,040 tons of gold and there are no plans to change anything," Jordan said at the Swiss central bank's annual money market event. Full Story
Timothy Geithner's plan to save the big banks will be a success. This success will come at a cost. The plan will hurt taxpayers, and it will lead to severe price inflation. It will not revive the faltering economy in 2009. It will not restore the housing market. Family wealth will continue to decline. Full Story
The speech given in June 2005 to a conference at the Bank for International Settlements in Basel, Switzerland, by the head of the bank's monetary and economic department, William S. White, who said that a major purpose of international central bank cooperation is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful." Full Story
For some time now, some readers have come to believe that the Goldsmiths series is the most pessimistic of all in terms of the US economy and future. But I discovered another source recently which also seems similarly pessimistic; but in a considerably different way than the Goldsmiths. This one is the Market Ticker. Its article of Mar 5, 2009 on “What’s Dead (Short Answer: All of It)” offered some predictions worth noting. Full Story
As bad as things are—and they are going to get worse—the market goes up and the market goes down. You never want to confuse investing with stroking your own ego. I love gold; I hate the dollar. I hate the stock market, too, but sometimes you have to look at opportunities. That mid-month rally in the Dow was very predictable because it was way oversold. The crash in the dollar was very predictable, too, because it was way overbought. A 10% decline in gold also was very predictable. So ignoring your feelings, if you invest on a consensus, whatever the market is doing, you want to do exactly the opposite. Full Story
“All Hell is smaller than one pebble of your earthly world: but it is smaller than one atom of this world, the Real World.” The Great Credit Contraction continues to grind while the illusions evaporate making many organizations and institutions increasingly irrelevant. Hopefully these soon to be worthless entities that are gluttonous parasites on the global economy will become at the most footnotes in the annals of history. Full Story
America and the world-at-large might be a better place to live if American monetary and political elites would quit trying to become more omnipotent and – for a change - simply execute their existing mandates. Full Story
The ability of the United States Federal Reserve and the United States Department of the Treasury to administer the national currency and bank account is being severely undermined by policy moves that erode the faith of international holders of U.S. debt. The situation is exacerbated by the disingenuous attempts by these same offices to obscure the severity of the dilutive effects of unbridled money fabrication in press release language that is blatantly dissembling. Full Story
Now to expound upon last weeks missive, reflation isn’t always so advantageous for the precious metals and especially gold. That holds true for both the economy and markets. With stocks and commodities now recovering, money is to be put to work in those markets and also potentially diverted away from gold. We aren’t expecting a full-blown correction in Gold but rather a consolidation that, for a matter of time diverts attention (like an idling engine) away from itself as it prepares for major liftoff. Full Story
By: Richard J. Greene, Thunder Capital Management - 24 March, 2009
Whatever you do, gold and silver investors; don’t ever forget how they claimed gold and silver were mere trinkets, not worthy of consideration as backing for money. Keep this one point firmly etched front and center for all to see. Never let it go out of sight for even one moment. For if the politicians, the bankers, the Treasury officials, various spokesmen for the Fed, or the money powers ever go back on that claim, you will have all the proof you will ever need that their claim was nothing but a longstanding hoax perpetrated to rob blind the uninformed and unconcerned “sheople”. Let’s just make sure they stay with that viewpoint and take it to their grave. If not they will clearly be coming after your gold and silver in an attempt to make it theirs. They may even be so bold to use the well worn line, “I am from the government and I am here to help you.” Full Story
By: Mary Anne & Pamela Aden, Aden Research - 24 March, 2009
It’s not going to happen from one day to the next, but that’s the underlying foundation pushing gold’s bull market higher, and it’s not going away any time soon. So stay with your gold. It’s your best, and probably only solid bet looking out to the years ahead. Full Story
By: Steven Saville, Speculative Investor - 24 March, 2009
However, on a long-term basis the gold price generally does what it should do based on our understanding of its most important fundamental drivers, which is why we rarely devote any space at TSI to gold market manipulation. We'll use the following long-term chart of the gold/CRB ratio (gold relative to a basket of commodities) to illustrate what we mean. Full Story
THE SPOT PRICE of gold slipped to a four-session low beneath $920 an ounce early Tuesday – up more than 6% for 2009 to date, but 8% south of the $1,000 top hit 5 weeks ago – as world stock markets failed to extend Monday's strong gains. Full Story
By: Ted Butler and Israel Friedman - 23 March, 2009
The dream of the gold investor is to have a gold standard, but I tell you before we have a gold standard, we will have a silver standard. That will come when people all over the world recognize that based upon rarity and supply/demand, silver has more value than gold. Full Story
By: Dr. Ron Paul, U.S. Congressman - 23 March, 2009
When a company makes a profit, it is a signal that it is taking resources and increasing their value while controlling costs. When a company operates at a loss, it is a signal that it is decreasing the value of its resources or letting out-of-control costs outstrip any value it has created. A company operating at a loss is therefore an engine of wealth destruction. Bankruptcies are a net positive for the economy because more productive competitors are rewarded by opportunities to buy up remaining assets at bargain prices to strengthen their operations. In an economy that allows this kind of growth and change, any jobs lost by bankruptcy are soon replaced by new ones as the most efficiently managed businesses gain access to more assets and expand. Full Story
Once the money supply has tripled, the average price level in the U.S. will triple as well. This is a basic application of the law of supply and demand which was proven by Adam Smith at the very beginning of the science of economics. The supply of goods is what it is. It represents the result of everybody in the country working as hard as he is reasonably able, and it is not realistic to think that it is going to change in any major way. The demand for goods is money, and if money triples, then the demand for goods triples, and goods have to rise in price until demand and supply are back in balance. Full Story
Last week’s surprise move by the Federal Reserve to buy $300 billion in long-dated bonds and effectively start printing money brought a sharp fall in the US dollar, and a strong bounce in oil and gold prices. Full Story
The world economy is experiencing a severe recession or depression. This has been preceded by a steep inflation in nominal stocks of money across the entire world. Central banks control these money stocks or money supplies. They engineered a global credit boom by inflating their local currencies. Full Story
1st Hour: Headline news & Market Weatherman Forecast. Spotlight Stock Picks with big dividends. The International Forecaster and Host Chris Waltzek answer listeners' questions. 2nd Hour: -Bill Murphy, Gold Anti-Trust Association Full Story
By: The Gold Report and Barry Allan - 22 March, 2009
Consistently ranked as one of the top-10 gold and precious metals mining analysts in Canada, Capital Research's Senior Vice President and Director Barry Allan offers a well-rounded perspective on the mining sector that combines geological fieldwork, equity research and finance. Now, after more than 16 years in the industry, he remains bullish on both gold and silver. Full Story
I’m about to ask you to think about something 99% of investors refuse to. I want you to put aside the old rules which have held up over the past 27-year bull market. Forget about the elegant and simple “buy low, sell high” rationale for the moment. I want to talk about short selling. Full Story
Readers of the Goldsmiths have been exposed to the vast amount of manipulation and control present in the futures markets and particularly in the gold and silver markets. Suggestions have also been leveled at the question of options since they are being sold in the markets by the big banks involved in manipulating the markets. Accordingly, this Goldsmiths will broach the question of manipulating the sale of options. Full Story
By: Richard Daughty, The Mogambo Guru - 22 March, 2009
The most popular question that I get asked these days is still the perennial favorite, “Is there something wrong with you that makes you sound stupid?” (Answer: yes), but the second most popular question is, “What’s next?” to which I reply, “Time for dessert! And if not, then time for a snack of high sugar and low nutritional value of some sort! And ditto a beverage!” Full Story
By: John Mauldin, Millennium Wave Investments - 22 March, 2009
Solving the Housing Crisis Housing Could Drop Another 20% in Pricing Buy A Home, Get a Green Card A Real Stimulus Package Las Vegas, La Jolla, and the OC Full Story
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