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Weekly Archive
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 November, 2007
Cast your mind back to previous currency declines in currencies other than the $, so bad that the national authorities of those nations believed they needed intervention to hold up or down exchange rates [Deutschmark – Pound – Lira etc]. These happened in the early seventies, eighties, nineties and the noughties we’re in now, so this is by no means new to the currency world. Full Story |
By: Adrian Ash - 2 November, 2007
WHAT KIND OF AN INVESTMENT is gold – and just why are private investors Buying Gold to push it higher in 10 weeks out of the last eleven? Full Story |
By: Scott Wright, Zeal Intelligence LLC - 2 November, 2007
The global commodities bull has sure been flexing its muscles in recent years. And this is a result of our growing world’s insatiable demand for the hard commodities that feed widespread industrialization and modernization. Since these commodities are finite in nature, an economic imbalance has emerged that has showcased incredible market activity. Full Story |
By: Deepcaster - 2 November, 2007
Is the foregoing just a set up? Does The Fed-led Cartel have Monetary Metals and Tangible Assets Investors long, long, long, just where they want them? Will a Major Takedown ensue? Or is that merely “conspiracy-talk nonsense?” Full Story |
By: Jim Willie CB - 2 November, 2007
Gold has shown great resilience, fighting off declines. The most important aspect of the gold market in coming months in my view will be how the gold price will rise independently of the US$ exchange rate. Expect gold to rise when the USDollar falls, the gold price to rise when the USDollar stabilizes, and possibly even the gold price to rise when the USDollar bounces. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 2 November, 2007
Oil prices will be rising higher and higher with every tick of the clock, higher and higher, month after month and year after year, until sometime after you get old and die, and then it won't matter anymore, anyway. Full Story |
By: Rick Ackerman, Rick's Picks - 2 November, 2007
Reality won a rare round on U.S. stock exchanges yesterday, but permabears should ponder the chart below before whooping it up too deliriously. Notice that on a day in which the Dow Industrials fell by a whopping 362 points, the QQQs were down less than a point, settling a hair lower than Wednesday’s bottom. In order to generate a true distress signal, creating a bearish impulse leg of daily-chart degree, the QQQs would need to plummet beneath 51.33 by Monday! Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 1 November, 2007
-They were right; we were wrong…"America's big, fat housing inventory"…an asset boom with an obvious cause… -The FT chimes in a little late…numbers - the biggest liars on the planet…pansies on a barren grave…the tragic end of Nigeria… -The true power of Superleverage…the 'i-word' is back in the equation…Ron Paul on the value of Monopoly money…and more! Full Story |
By: Peter Schiff, Euro Pacific Capital, Inc. - 1 November, 2007
Yesterday (October 31st), as the dollar fell to new record lows and oil and gold prices surged to new highs, Wall Street remained fixated on wholly meaningless government data that managed to report the lowest inflation in the last half century. Full Story |
By: Daniel R. Amerman, CFA - 1 November, 2007
What is the total cost of all United States retirement promises and expectations, and what are the implications for the dollar? In this article we are going find a startling answer to that question – approximately $2 million per able to pay household. Full Story |
By: Ira Epstein - 1 November, 2007
Going forward, I will be paying strong attention to job growth, Christmas sales and the Subprime issues. Each will play a major role in what the Fed does or doesn’t do going forward. Should Subprime issues become worse, the Fed may have no choice but to come to the rescue again by reducing interest rates in some manner. Full Story |
By: Larry Edelson - 1 November, 2007
Suddenly and inexplicably, the skeptics are gone. Suddenly, everyone is starting to talk about gold again. Only this time, they're believers. This time, they're not calling it gold; they're calling it "hard money." This time, they say, is different from past gold rallies. Full Story |
By: Darryl Robert Schoon - 1 November, 2007
We are now at an extraordinary moment in history when the excessive leverage of debt-based paper threatens the credit markets at the same time central banks find themselves for the first time without the ability to defend the value of paper money and the value of credit-based assets upon which their whole system depends. Full Story |
By: Bob Chapman, The International Forecaster - 1 November, 2007
In spite of a large one-day dollar rally the official US policy at the G7 Finance Minister and Central Bankers Meetings was abandonment of the dollar to lower levels. You don’t listen to what they say you watch what they do. Full Story |
By: Sol Palha, Tactical Investor - 1 November, 2007
The current market action reminds us of foot prints in the sand; as the tide rises it washes away these footprints and so on the next day it would appear as if no one had trodden on this beach at all. This unfortunately is the way the minds of most investors work. Full Story |
By: David Galland, managing editor of Doug Casey's International Speculator - 1 November, 2007
At the beginning of this modest treatise, I offered up the notion that the opportunity in the junior resource sector has been frozen in time. As you can see, a thaw is beginning. The time to take your positions is here and now. Waiting even a few months from today, while still not too late to profit, will be viewed with perfect hindsight as money lost. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 1 November, 2007
Those of you who comprehend economics will understand why this made my blood congeal in my veins, and the reason why he goes from the falling dollar to a call to action, namely 'Ladies and gentlemen, prepare to defend yourselves.' Full Story |
By: Rick Ackerman, Rick's Picks - 1 November, 2007
The Fed eased yesterday while admonishing investors not to expect any more. Yeah, sure. Like a spoiled kid, Wall Street has learned that it can get whatever it wants from the central bank by whining, sulking, and feigning pain. Wanna bet that by this time next month, traders will have priced in a near-certain rate cut, forcing the Fed’s hand just as they did yesterday? But what can Bernanke & Co do? Full Story |
By: Thomas Tan, CFA, MBA - 31 October, 2007
There has been a great boom for the private equity (PE) sector the last several years. And there are many discussions on what this sector as alternative investment has done to the financial market. Full Story |
By: David N. Vaughn, Gold Letter, Inc. - 31 October, 2007
We are entering a very dark night but we need not be frightened if we are prepared. We experienced a strong positive cycle between 1980 to 2005 and now we are entering an opposite cycle that will bring many dire consequences. The proper course of action is preparation. Get out of debt and increase your gold related investments. Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 31 October, 2007
As Halloween 2007 approaches, traders in the global money markets are betting that Federal Reserve chief Ben “B-52” Bernanke will sacrifice the US dollar with another rate cut, in order to cast a magic spell over Wall Street. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 31 October, 2007
And if the yuan is 40% undervalued…this means that if oil were to miraculously stay at $80 a barrel while the yuan strengthens by 40% against the dollar, then the price of imported oil will go down for the Chinese by 40%! Full Story |
By: Rick Ackerman, Rick's Picks - 31 October, 2007
Tasked with dragging the U.S. stock market higher all by itself, Google could not quite get the job done yesterday. Although the stock finished the day with a nearly $15 gain, preventing Nasdaq-based indexes from falling, the Industrial Average went its separate way, closing with a 78-point loss. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 30 October, 2007
-America the exporter…the numbers may be the same, but the cost is not…if only the Internet had been invented… -Cheap and getting cheaper…like a passenger on the Titanic…if time is money, what isn't it?… -Big gains in the wake of breathless anticipation…no way to bank on a 'sure thing'…a low not seen since Katrina…and more! Full Story |
By: Adrian Ash - 30 October, 2007
WHAT WILL IT TAKE for the mass of investors to wake up and buy gold? Are they still waiting for a new all-time high perhaps, even after watching the metal beat stocks and bonds for more than six years? Full Story |
By: Brady Willett - 30 October, 2007
As for when Mr. Inflection will enter the building, not withstanding the seemingly intractable gambles being played across the financial markets today, there is ample evidence to suggest that this moment already arrived for the global economy in July 2007. The delayed response by investors to Mr. Inflection’s arrival isn’t necessarily anti-archetype, but a product of resiliency conditioning. Full Story |
By: Theodore Butler - 30 October, 2007
In the waning days of the Cold War, the late President Ronald Reagan, in arms negotiations with the Soviets, often repeated the phrase, "Trust, but verify." Rather than insult someone by suggesting that you don’t believe him, it was a nice way of saying, we believe you, but we’d like to confirm what you say. Full Story |
By: Adrian Ash - 30 October, 2007
SPOT GOLD PRICES dipped early Tuesday, slipping to a two-day low beneath $781 per ounce as stocks, bonds and interest-rate futures also fell on a growing rumor that the US central bank may not cut Dollar rates when it meets tomorrow. Full Story |
By: Nadeem Walayat - 30 October, 2007
The Financial Sector is still coming to terms with the US Subprime Mortgages induced credit crunch, could again be in the line of fire of a new credit crunch caused by crude oil surging to $100, triggering a similar collapse of hedge funds and put the banking sector under renewed pressure as the crude oil credit crunch contagion spreads. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 30 October, 2007
As a guy who has been married and a father for a long time, and as a guy who has seen everything get continuously worse, I'm kind of getting freaked out here because 'continually worse' is a nightmare from which you never awake! Full Story |
By: Rick Ackerman, Rick's Picks - 30 October, 2007
This could turn out to be quite the week, what with Gold fixing to catapult past $800, crude oil within easy striking distance of $100/barrel, and the Fed cooking up a speedball (aka, a “Belushi”) to resuscitate credit addicts for a new round of binge buying. Full Story |
By: GoldSeek.com Radio - 29 October, 2007
GoldSeek.com Radio Gold Nugget: Bill Reid, Gold Resource Corporation [OTCBB: GORO] Full Story |
By: GoldSeek.com Radio - 29 October, 2007
1st Hour: Headline news & market forecast. Spotlight Picks with big dividends. The International Forecaster and Chris Waltzek answer listener questions.
2nd Hour: Bill Reid, Gold Resource Corp. [OTCBB: GORO] Axel Merk, Merk Fund Full Story |
By: Captain Hook - 29 October, 2007
Gold is set to move higher over the next few days towards $800 in a blow-off of the larger sequence since summer. This could send some precious metals stocks far higher than may be contemplated by some, where corrections would only take complex components back to current proximities. Full Story |
By: Alf Field - 29 October, 2007
There is often a moment in a major market move where public perceptions of the item suddenly change and the feeling is something like: “Yup, this REALLY is a bull market!” or “Yup, this REALLY is a bear market!” This is sometime called the “Point of Recognition”. Full Story |
By: Roland Watson, The Silver Analyst - 29 October, 2007
As of last Friday, gold closed at $783.50 and silver at $14.17. Gold is now more than 9% above its last major high of $717.10 of the 11th May 2006 but silver was still 4% below its closing high of $14.78 of the same day in 2006. Full Story |
By: Gary Tanashian - 29 October, 2007
If there was any doubt about the true nature of this market and this financial system, there should be none now. The market reversed higher on rumors that the Fed planned a rate cut and then zoomed even higher on Mister Softie's quarterly results and some happy talk by Countrywide Financial. Full Story |
By: Clif Droke - 29 October, 2007
Can there ever be a bubble in the truest sense of the word in the broad market for major stocks and commodities? No, because there will always be a baseline demand for them regardless of the vagaries of investor sentiment and despite the occasional manias that may develop. Full Story |
By: Nadeem Walayat - 29 October, 2007
The Market Oracle expectations are for the UK housing market to fall by 15% over the next two years. However this decline is not expected to be a gradual trend but rather periods of stagnation punctuated by sharp falls which could be of more than 5% in a single quarter! Therefore this article looks at the primary driving forces that could lead to sharp falls in the UK housing market. Full Story |
By: Merv Burak, CMT - 29 October, 2007
Wow! what a week. It starts with a plunge and ends with a zoom. Which, oh which is the REAL direction of least resistance? Full Story |
By: Douglas V. Gnazzo - 29 October, 2007
Gold had a good week gaining $17 to close at $785.40 – a +2.21% gain and a new 27 year high. Not bad for a barbarous relic. Full Story |
By: Bob Chapman, The International Forecaster - 28 October, 2007
Friday, gold and resource stocks set every imaginable record short of the all-time highs for spot gold and gold futures. Spot gold blasted off to a new 27-year intra-day high of 785.85 and a new 27-year closing high of 783.50, up an astonishing 16.50, well on its way to 800 and beyond next week. Gold futures did likewise, setting a new 27-year intra-day high of 789.50 and a new 27-year closing high of 787.50, also up 16.50 on the December contract. Full Story |
By: Peter Degraaf - 28 October, 2007
Margin calls hurt, but when margin calls run into the millions of dollars, they really hurt! The commercial traders have been shorting gold since the market last dipped, with gold at 660.00. Imagine covering margin calls when the price has run 15% against you! Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 October, 2007
Most of us are still of a mindset to believe that the Fed has full control of U.S. interest rates. If the move out of the $ is not just a reaction to the U.S. banking crisis but a long-term trend, then the sales of Treasuries will of itself lead to higher interest rates, leaving the $ surplus holders of Asia in control of U.S. interest rates. The Fed will be left to react but not control. Full Story |
By: John Mauldin, Millenium Wave Advisors - 28 October, 2007
As the World Turns is a popular soap opera playing on American TV. It focuses, as do most soaps, on the lives and foibles of its characters, with plenty of dramatic flair. We are watching a different type of soap opera today which we could call "As the Subprime Turns. And the world is watching. It has plenty of drama, lots of flawed characters, a plot that is hard to understand, everyone saying it was the other guys fault and the world (literally) paying for the sins of exuberance in the US. Full Story |
By: Gary North - 28 October, 2007
The U.S. housing market is down – on paper – by over a trillion dollars, CBS News reports. But who knows how much? The report cited one forecast that says it will be down by another $3 trillion in a year. I think this estimate is plausible. Full Story |
By: Rick Ackerman, Rick's Picks - 28 October, 2007
We’ve long assumed that a collapsing dollar would take the global economy with it, but perhaps we were being too pessimistic? After all, the Dollar Index has fallen by 45 percent since 2002, but life goes on. Moreover, when the greenback slipped to historical new lows on Friday, hardly anyone seems to have noticed. Full Story |
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