Happy holidays wishes to all, with a special season’s greetings to the permanent gold skeptics.
The decade that ends Thursday is on track to be the worst in recorded history for the U.S. stock market – worse than all of the many boom-and-bust cycles of the 19th century, worse than the Great Depression-era 1930s, worse than the recession-plagued 1970s. Full Story
However, if we can confess our sins, and vow to reform our ways, perhaps this will merely be a decade in purgatory. Perhaps we can turn it into the decade of hope, hard work, individual liberty, savings, production, investment, sound money, de-regulation, exports, budget surpluses, capitalism, limited government, and respect for the Constitution. These traits will harden us to withstand the fallout from our reckless past.
As of yet, our troubles continue to snowball - and I don't like a snowball's chances if we have a real decade from hell. Full Story
By: Mary Anne & Pamela Aden, Aden Research - 30 December, 2009
The year is drawing to a close. And what a year it’s been, filled with twists and turns, some surprises, thrills, excitement, history and some disappointments too, all topped off with gold skyrocketing in its biggest monthly rise in a decade. Full Story
On December 29, 2009 The New York Post [josh.kosman@nypost.com] published an article titled, Deep in derivatives, where scribe Josh Kosman ‘took-a-shot’ at explaining the ABSURDITY of the bind boggling derivatives positions amassed by financial behemoths such as J.P. Morgan Chase and Goldman Sachs. In an attempt to explain how dangerously systemically-interconnected derivatives makes ALL banks, Kosman began...
Now that 2009 has come to a close, investors are looking forward to the happenings of 2010. One of the most important events is the issuance of nearly $2.2 trillion in Treasury bonds to fund government spending. Although $2.2 trillion seems relatively small compared to a federal debt just over $12 trillion, the size is magnified when you consider its impact on the markets. Full Story
With similar disingenuousness, the spinmeisters supposedly tweaked the definition of manufacturing a few years back so that Starbucks and Burger King instantly became “manufacturers.” Both “assemble” food, or so the bureaucratic thinking goes, and that is why the contribution of sandwiches and lattes to the country’s economic output is grouped in the same category as jet aircraft, concrete and roller bearings. We were unable to verify this at press time, but even if Burger King et al. are not in fact classified as manufacturers, we’d bet dollars to donuts that there are dozens of equally farfetched businesses that are. Full Story
Gold touches $1,500 per oz. in 2010, representing about a 50% gain from the current level. Silver goes up in sympathy, reaching $25 per oz. HUI passes $600 with many junior gold/silver miners doubling and tripling. Gold would be treated as the only solid asset sought by both ordinary people and foreign central banks with further deterioration of fiat money. Full Story
The herd is slowly aligning and gathering at the opposite end of last year’s dynamic. Investment professionals speak of “the bull market”, the Investors Intelligence newsletter writers are all-in and the majority’s assumptions are becoming ripe for disappointment. Full Story
What if the Comex data is falsified every day? How would anybody know? Does the public have access to the Comex's internal documentation for contract figures? Does the public have access to the Comex's warehouses so the metal there may be inspected and audited? What if nothing is really there? Full Story
By: Andrew Mickey, Q1 Publishing - 29 December, 2009
As contrarians we have already learned that not all rock-bottom buys will work out. However, when you invest consistently into opportunities where the potential reward is far greater than the risk, they all don’t need to work out to make an absolute fortune. Full Story
Did they prevent the US housing market crash or the banking crisis or the stock market crash? And how solid is the recovery in 2009 if it rests on a Ponzi scheme? It is certainly a good argument for cautious diversification in asset allocation for 2010. Full Story
With recent reports of a resurgence in manufacturing and employment, the mirage of “green shoots” conjured up by Obama’s spinmeisters and hyped by a credulous news media has mutated into full-blown hallucination. Full Story
By: John Rubino, Dollar Collapse - 28 December, 2009
Right now the dollar is holding up pretty well, so the Feds will almost certainly step in with more aid for local governments in 2010. This will prevent wholesale cuts in public employment and pension plans, but once again at the cost of bigger problems down the road. Full Story
Think isolation. Think monetization. Think trapped. Think Catch-22, no remotely viable option. Think motive for propaganda. Think end of the road in a gigantic USTreasury bubble, in the process of discredit. Think last resort of monetization, due to the absence of bidders at USTreasury auctions. Think pressure like a vise. The USGovt is in a great big bind and chooses not to discuss it. Full Story
Did they prevent the US housing market crash or the banking crisis or the stock market crash? And how solid is the recovery in 2009 if it rests on a Ponzi scheme? It is certainly a good argument for cautious diversification in asset allocation for 2010. Full Story
The powers behind the Comex are humans without judgement... operating their casino with pride and arrogance... it takes willful ignorance to deny their existence. Full Story
By: Adam Hamilton, Zeal Intelligence - 28 December, 2009
Year-end is always a time of reflection, a rare opportunity where the usual psychological boundaries of time crumble. For a couple weeks, the tyranny of the present yields to a heightened consideration of the past and the future. This rift in our everyday thought patterns leads many investors to ponder the composition of their portfolios, making this time of year the primary season for portfolio rebalancing. Full Story
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