By: Bill Bonner & The Daily Reckoning Crew - 3 November, 2006
-Buckle up...there’s lots to worry about...unless you’ve got gold...in which case, you’re fine... -Hedge funds aren’t doing well...and are taking on more risky business... -Is the Mediterranean coast the Florida of Europe? One out of five Englishmen say yes... and more! Full Story
Deepcaster trusts that those who have read his Juiced Numbers series, and particularly the most recent iteration "Mega Manipulations - Juiced Numbers IV: How the Government Gets the Statistics It Wants, Markets Get Manipulated, Citizens Get Deluded and Worse" - - will have been convinced that many important markets are regularly manipulated. But being convinced of the reality of manipulation does not in itself provide one with techniques which can help one profit from an intervention, or even merely cope with it. Full Story
-War is expensive...really expensive... -Hey everybody, quit picking on Wal-Mart...they’re not so bad...in fact, they help marginal families more than the government... -A response to Justice’s claim that Exxon is going broke...Addison to be on the CBC...and more! Full Story
-Does Heaven exist?...we don’t know...but we do know that the earth is getting hotter than Hell... -Global warming is such a bummer...we’re not saying that we single-handedly jump-started the gold rally – but stranger things have happened... -Want to rule the world? You might have to make a deal with Russia...and more! Full Story
By: Bob Chapman, The International Forecaster - 1 November, 2006
This overheated demand for underlying corporate loans has led to a self-reinforcing boom in M&A, LBO’s, and stock buybacks. The greater the excess the greater the resultant asset inflation. These markets today represent a gold rush mentality. This takes us full circle. Dr. Issing is correct. All of the above are a clear and present danger to global stability. We expect it to get worse and somewhere along the way the system will snap. That is why you own gold. Full Story
By: Richard Daughty, The MOGAMBO GURU - 1 November, 2006
Things are so bizarre here lately that I spend all my time in the Bunker de la Mogambo (BDLM), nervously whining and watching various meters, dials and readouts registering unusual, and scary, seismic economic activity. With my wife out shopping us into the poorhouse, I am making good use of this sudden lack of supervision to gobble Halloween candy by the handful. Now I have a stomachache, too, and my mood is pretty sour. Fearful and sour. Full Story
These mid-term elections in the US are perhaps some of the most important ones in the last fifty years. No, it is NOT, the "same old, same old". It is imperative to understand the real issues at stake; namely, our personal freedom, the freedom of the Country at large, a cleaner environment, the world we leave our children, and the nature of the war in Iraq. Follow your conscience and please do vote. Full Story
By: Rick Ackerman, Rick's Picks - 1 November, 2006
My comments here the other day about the harsh new bankruptcy code continue to elicit interesting responses. Below is a letter I received yesterday from a mortgage lender who thinks that narrowing the escape route for profligate borrowers will have a positive benefit for the rest of us. This may be true to the extent that the costs to prudent borrowers of subsidizing deadbeats who walk away from their obligations will decrease if there are fewer bankruptcy filings. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 31 October, 2006
Remember that the only thing really sustaining our economy, our debt, our standard of living, etc. is the fact that foreigners are pumping big bucks into our economy every day. And when this stops so long girls and boys. The dollar is toast along with that brand new boat you just bought on credit. Full Story
By: James Boric & The Daily Reckoning Crew - 31 October, 2006
-The Pope is still Catholic...there are still Okies in Muskogee...and America is still “the biggest net debtor in world history”... -A long time ago in a galaxy far far away...houses weren’t expected to appreciate...but that idea is dead as a doornail... -Bonnie and Clyde are no more...but their present day counter parts put down the guns, and picked up some real estate...and more! Full Story
By: Rick Ackerman, Rick's Picks - 31 October, 2006
Yesterday’s commentary on the new bankruptcy laws elicited the very interesting response below from an insider, a New Jersey lawyer who is in the thick of it. Though less pessimistic than I about the long-term impact of the new law, he sees it nonetheless as restricting consumer spending, possible severely. He writes as follows: Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 30 October, 2006
-There are some things you can always count on: gravity and debt...every inmate deserves a home... -You can't "take out" forever - eventually, you have to put back in...if the most basic laws of economics have ceased to function - what else might be going wrong? -When the passion of the bubble is gone, the bills and regrets are toted up...the more someone wants to sell you an investment, the more you don't want to buy it...and more! Full Story
Traders have given up on precious metals… they’ve thrown in the towel.
This is actually what I want to see. To me, this gives us a great opportunity to hop in and buy precious metals now. This really could be the beginning of the second major leg up in what we see as a bull market in commodities that could last another ten years. Full Story
After a review of this weeks business headlines, Bob Chapman and I take a few listeners questions in the first hour. Bob thinks the gold and silver markets have seen their lows. Next, Jack Chan discusses his short term buy on the precious metals and energy sectors. He thinks its too late to buy tech shares at these levels. Plus, Gary Kaltbaum is impressed with the stock market rally and says investors should stay with the trend until the market loses momentum. The first hour wraps up with a new stock picking segment, the Goldseek Radio spotlight pick of the week. This weeks spotlight focuses on the primary bull market trends in the energy sector.
In the second hour, Justice Litle takes time away from the Texas No Limits Hold'em table in Reno, to share his thoughts on crude oil and precious metals. Justice is "all in" with the energy sector, expecting to double up from this point. In fact, he thinks oil will climb into the triple digits as soon as next year. He's holding two aces and just flopped another, but we'll have to wait for the river card... Next, Gata's Bill Murphy stops by with his update on the gold and silver markets. He thinks the current pullback is the result of market manipulation which in turn is creating a buying opportunity for investors. If you are an accredited investor, you'll want to direct your browser to: commentary.goldseek.com for a new ipo opportunity brought to you by Peter Spina. The minimum investment is 10k and the company currently plans to go public at 40 cents per share. Full Story
In the past two months we have presented seven papers – one on each of the seven monetary clauses within the Constitution; and one article on Legal Tender as it warranted further elaboration. This will be the final article in the series: a summary and conclusions. Full Story
But no matter how bright the economic outlook may be, the international prosperity is exposed to a looming risk, which has even grown in recent months. The war in Iraq and the skirmishes in Afghanistan are an ever-present danger that may destabilize the Middle East and spread the conflict to more countries. The Islamic republic of Iran, which does not hesitate to confront American interests and concerns, may upend the peace at any time. But the greatest concern of many economists is the global economic imbalance which is clearly visible in the huge balance-of-payments deficits of the United States and in the corresponding surpluses of the creditor countries. Full Story
By: Bob Chapman, The International Forecaster - 29 October, 2006
On Thursday, the cartel did its best all day to bash the quality gold stocks trying to stop the gold and silver rally. We are sure they will return tomorrow. What is incredible is that everyone in Congress knows the market is being manipulated, but absolutely nothing is done about it. It’s the markets, Wall Street, the banks, corporate America, our government and even our courts and our Justice Department. Nobody wants to know. Worse yet, are the market professionals and in the case of gold and silver, the company management refuses to speak out. Full Story
By: John Mauldin, Millenium Wave Advisors - 29 October, 2006
There is an arcane debate going on in economic circles. How fast can the economy grow without inflation becoming a problem? The answer may be, not as fast as we thought. And the answer matters because the people who have their fingers on the interest-rate trigger take this arcane stuff seriously. How you answer the question also has implications for the unemployment rate. Yes, there are people who worry about it getting too low. Plus, we look at the Dow. Full Story
By: Rick Ackerman, Rick's Picks - 29 October, 2006
In the months before the new law was enacted, and as we might have expected, there was a wave of bankruptcy filings by people trying to get in under the wire. As a result, lenders weathered more than their share of abuse, at least for a while. This was on top of heavy Chapter 7 filings following the dot-com crash a few years earlier. No surprise here. Because it was relatively easy for deadbeats to walk away from their debts, many did. Full Story
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