By: Bill Bonner & Eric Fry, The Daily Reckoning - 3 February, 2006
-Addiction rises above logic...can America really "just say no" to oil? -Leave it to Dubya to come up with another campaign to improve nature...planning for the failure of the U.S. economy... -Back to Peak Oil...paper money edges toward the inevitable, irresistible conclusion...and more! Full Story
By: Rick Ackerman, Rick's Picks - 3 February, 2006
Some readers have asked why I haven’t had much to say lately about mining stocks and the precious metals complex. In a word: risk. Those of you with access to my inside pages will already know that we recently took profits on, among others, a $3,600 winner in Newmont Mining. Specifically, on January 21 we exited a tiny (i.e. 200 shares) position that we’d held for just ten weeks. Full Story
By: Bill Bonner, Eric Fry, & Thomas E. Woods Jr., The Daily Reckoning - 2 February, 2006
-Greenspan may be gone, but the punchbowl is staying full...you can't control quality and quantity simultaneously... -The Feds have crashed unabashedly through the legal debt ceiling...what barbarians will overtake the American empire? -The British newspapers howl...deciding how you can put a handicap ramp onto an 18th century building and still keep it looking original...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 2 February, 2006
This week, Alan Greenspan bids a long overdue farewell to the Federal Reserve that he chaired for eighteen years. Praise from his Washington and Wall Street beneficiaries has naturally arrived by the boatload. His monetary policies enabled reckless and seemingly consequence-free deficit spending, helping incumbent politicians repeatedly win re-election; and his expansion of money supply and credit facilitated non-productive financial transactions, all to the benefit of the bankers who arranged them. Full Story
By: Bob Chapman, The International Forecaster - 2 February, 2006
Now that the gold suppression cartel has stopped its physical sales, gold action is superb. This is the way it was in the late 1970s. We are still in phase one of this bull market. Physical is in enormous demand and it is going into strong long-term hands. You will become very rich from gold and silver. Full Story
Cheuvreux, the equity brokerage house of Credit Agricole, the huge French bank, this week distributed a 56-page report that completely endorses in detail the findings of the Gold Anti-Trust Action Committee that the price of gold has been surreptitiously suppressed by Western central banks and that those banks do not have the gold they claim to have. Full Story
By: Rick Ackerman, Rick's Picks - 2 February, 2006
We’ve been noodling around in the QQQs in recent weeks for two reasons. The first is to make money at it; the second, to gain a better feel for the way the puts and calls behave in this very heavily traded vehicle. Our approach usually begins by plugging in some numbers on the Options Calculator, based on the underlying vehicle trading at a targeted swing point. Typically, we try to buy out-of-the-money puts at projected rally peaks, and calls at swing lows. Full Story
By: Bill Bonner, Chris Gaffney, & Thomas E. Woods Jr., The Daily Reckoning - 1 February, 2006
-Checking in on the Big E's...the life span of an empire... -Fraud is creeping into every transaction in America... Bernanke slips into his new position under the radar... -Consumers are spending everything they have - and then some...feeling the pinch of high heating bills...and more! Full Story
By: Brady Willett and Todd Alway - 1 February, 2006
One of the many themes coursing through Shakespeare’s Hamlet is the Prince of Denmark’s transformation from a man of thought into a man of action. For most of the play Hamlet is building a case against Claudius (for the murder of his father) and debating his options in the form of memorable soliloquies. In the end, and after Hamlet ‘catches the conscience of the King’, an unpredictable killing spree ensues, spawned by the hand of the now murderous but once procrastinator Hamlet. Full Story
By: Richard Daughty, The MOGAMBO GURU - 1 February, 2006
I am having a hard time believing that the Federal Reserve is not expanding Total Fed Credit. In fact, it went down last week by $4 billion. Even Currency In Circulation is down. For a bunch of guys who are so hell-bent on flooding the world with money and destroying the USA with inflation, the Federal Reserve is suddenly doing a very poor job of it! Full Story
By: Rick Ackerman, Rick's Picks - 1 February, 2006
No doubt, the eggheads who espouse the efficient-market theory would say Google shares were priced “just about right” when regular-session trading ended on Tuesday afternoon. That being the case, do we regard GOOG’s so-far 65-point drop in after-hours trading as just a fluke – the kind of thing one might expect to happen, say, once in a decade? Actually, once a month would be more like it. Full Story
By: Bill Bonner, Dan Denning, & Puru Saxena, The Daily Reckoning - 31 January, 2006
-So long, farewell, auf wiedersehen, goodbye! We bid Sir Alan Greenspan adieu... -What more suitable honor could George W. Bush bestow on Alan Greenspan than to open the nation's bars and offer free drinks to everyone? -Putting America's debt in perspective... a billion seconds ago it was 1959...Empire of Debt - Easy Rider-style...and more! Full Story
By: Rick Ackerman, Rick's Picks - 31 January, 2006
In a little more than 24 hours, January will have passed without a word from these quarters concerning Sen. Ted Kennedy. Hardly a day goes by when I don’t receive some droll reflection on Massachusetts’ senior senator – aka, the last guy Mary Jo Kopechne was ever to see -- that I would not be thrilled to share with you all. But I have restrained myself, chastened by a little voice in my ear – the voice, actually, of my friend and fellow guru Chris Carolan – repeating something that a famous guru/friend once told him: Don’t mix politics and trading advice. Full Story
I recently had the good fortune of making a trip Downunder to Perth Australia. I’ve been a Gold Bug for a while now and wanted to take a trip to the umm ‘Coal’ Face to see first hand what was going on in the mining industry in Australia. What I saw was both surprising and exciting! Full Story
By: Bill Bonner, Chris Gaffney, & The Mogambo Guru, The Daily Reckoning - 30 January, 2006
-A meeting with the Good Doctor...it turns out that America's "recovery" has been all smoke and mirrors... -The economics profession has taken leave of its senses... -January's directionless choppiness...perhaps, in 2006, pigs will fly and Hell will freeze over...and more! Full Story
GoldSeek.com is pleased to announce the launch of GoldSeek.com Internet Radio (http://radio.goldseek.com) with your host, Chris Waltzek. This week's guest is Jim Rogers, The Adventure Capitalist. Full Story
By: Bill Murphy, Le Metropole Cafe, Inc. - 30 January, 2006
It’s Action Jackson Time. Gold fell $3 during Asian trading last night and gradually firmed up going into the Comex opening … a nice change of pace. The AM Fix was $559.75. However, the PM Fix came in at $561.75. At one point on Comex gold was up nearly $4. With silver up 20+ cents in the early Comex trading, it appeared both precious metals were ready to rocket. Yet, as usual, on the days when gold and silver should do the best, The Gold Cartel goes into all out attack mode. Full Story
By: John Mauldin, Millennium Wave Advisors - 29 January, 2006
The economy grew at a much slower pace last quarter, with GDP only moving forward by 1.1%. This week we look at why and see if we can mine the consumer spending data to give us clues about future growth. We are going to start a two part series inspired by a remarkable new book I am reading called "Ahead of the Curve," sub-titled "A Commonsense Guide to Forecasting Business and Market Cycles." Full Story
By: Rick Ackerman, Rick's Picks - 29 January, 2006
A while back, we went toe-to-toe here with Jim Otis on the topic of deflation. Jim holds forth at the Optimist, a Web site that, as the name implies, tries to see the sunny side of things. But it’s a bit of a stretch, we think, to find something cheery to say at all times about the direction of the economy. In our view, the U.S. economy is mortally sick, burdened with so much debt that repayment will be impossible other than via a massive, deflationary wave of bankruptcies or through hyperinflation of the money supply. Full Story
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