By: Bill Bonner & The Daily Reckoning Crew - 29 December, 2006
-Investors, commentators, and kibitzers are beginning to catch on...riding the "wave of liquidity"... -Open up the bar! It's the end of 2006 and we aim to have a good time. Damn the icebergs; full speed ahead! -Best wishes for a safe, happy and healthy New Year from your team at The Daily Reckoning! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 29 December, 2006
To quell investor concerns during the inflating dotcom bubble, Wall Street offered soothing commentaries from analysts such as Henry Blodget, Jack Grubman, and Mary Meeker, that explained why the "old economy" rules no longer applied. The latest twist on this "black is white" spin was offered by Bear Stearn’s chief economist David Malpass, who in a recent editorial in The Wall Street Journal outlined why in the new global economy borrowing and spending, rather than savings and production, are the true engines of economic strength. Just as Blodget and the gang tried to justify ridiculous valuations for profitless internet stocks, Malpass uses similar logic to justify why America’s enormous trade and current account imbalances are good for our economy. Full Story
By: Sol Palha, Tactical Investor - 29 December, 2006
One should at the very least have 20% of their money in other currencies other then the US dollar and Gold and Silver are by far the best currencies in the world. One should attempt to time Gold and Silver only after one has established a core position in one or both these metals. We advised our subscribers to take such core positions back in 2002 and early 2003 when both Gold and Silver were one of the most hated investments out there; we still have not sold our core position. Full Story
By: Doug Casey & Shannara Johnson - 29 December, 2006
I suspect that 98% of investors – and maybe more -- have little to no understanding of monetary history. Yet, failing to understand the past, in this case, leaves a black hole in your ability to understand the implications of the current tenuous condition of the U.S. dollar. While no one can easily imagine all the many ways the end of U.S. dollar hegemony might affect complex and deeply intertwined global financial markets, you can, however, better prepare for what’s coming by looking back at just one of the many examples of a fiat currency on its way into the trash bin of history. Full Story
By: Dan Amoss & The Daily Reckoning Crew - 28 December, 2006
-Crash Warning still in effect - even if people swear that the worst is behind us... -As long as the pot is getting bigger, hedge fund managers will do all right... -Why bother to make money? You editor learns the answer - and more - below... Full Story
By: David N. Vaughn, Gold Letter, Inc. - 28 December, 2006
Gold for the year is up around 20%. The Lipper Gold Mutual Fund Index is up around 33%. Not bad I think. And the serious gradual fall out for the US dollar has begun. The real estate meltdown has begun and continues to gather momentum. We have a new congress coming into office that will begin making changes that will contribute to higher long term gold prices. Full Story
By: Puru Saxena & The Daily Reckoning Crew - 27 December, 2006
-Occupational hazards of raising teenagers...James Brown not feeling so "good" any longer - RIP... -The modern economist is Mr. Fix-It - just pull this lever, tighten this knob and wa-la! Problem solved! -Making weapons of mass destruction continues to be the business to be in...and more! Full Story
By: Richard Daughty, The MOGAMBO GURU - 27 December, 2006
The alarms started ringing the instant that the figures for Total Fed Credit hit the airwaves, and in that same instant I was scurrying like a frightened rat-in-a-trap. In my panic, I must have turned on one too many self-defense systems in the Mogambo Bunker Of Mortal Dread (MBOMD), and the newly-installed Mogambo Intruder Pacification System (MIPS) did its job. Full Story
By: Bob Chapman, The International Forecaster - 27 December, 2006
In Thursday’s gold market the word is two central banks sold 25 tons of gold on 12/15. This was the reason for the $12 drop. The gold was all sold during the Comex – not at the London fixings. It’s obvious the gold was sold in this manner to make a major negative impact on the market. North Korea was one of those sellers and to have sold in that manner tells us they had to have been in collusion with the Fed. In spite of this we see gold at $750 by February. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 26 December, 2006
-Property market in the United States still a bit feverish...a $1.8 billion building? Could it be...the mark of the beast? -The real budget deficit - it's a lot higher than you think... -You don't need much money to enjoy life...and more! Full Story
Many of us have been pounded and justifiably outraged in turn by The Cartel's actions in periodically taking down the price of Gold and Silver. But the Cartel is not invincible - - one can profit from learning Cartel Tactics. Full Story
I see where the Republicrat congresscritters in Washington are pounding on their desks, insisting that the minimum wage be hiked so they can brag they've done something for the working man. Meantime, a high-profile U.S. delegation led by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke arrived in Beijing Dec. 13 for a landmark Sino-American "strategic economic dialogue, aimed at examining long-term strategic issues in bilateral trade." Full Story
By: John Mauldin, Millenium Wave Advisors - 25 December, 2006
It is Christmas, and I frankly don't feel like writing a letter about why there will be a slowdown in 2007, or that the stock markets should see a retreat. This is the season for feeling good. And looking at the forecasts of the vast majority of my fellow prognosticators, some of them are feeling very good indeed. So, no bearish thoughts this weekend. Full Story
By: Rick Ackerman, Rick's Picks - 25 December, 2006
As 2006 draws to a close, and with Wall Street’s year-end bonuses in-the-bag, we shouldn’t expect much more than meaningless noise this week. Expect sellers who ganged up on stocks in the days preceding Christmas to recede into the background, allowing the Street’s wonted OPM-driven cluelessness to work in favor of share prices for the remainder of the year. Full Story
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