By: Bill Bonner & The Daily Reckoning Crew - 8 December, 2006
-Apparently Horatio Alger moved to India...East meets West and takes his job... -Housing...you’ve got some regressing to do... -A far cry from ‘freedom fries’...were the French right?...and more! Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 8 December, 2006
Given that foreigners are the primary purchasers of US Treasury bonds (snapping up 56% of inventory in the last auction), a declining dollar is supposed to be a major drag on bond prices. But the market has shrugged of the recent dollar slump without so much as a hiccup. What gives? If foreigners are selling their dollars, why are they simultaneously buying dollar denominated bonds? From an investor’s perspective, the only thing worse than owning current dollars is owning receipts for future dollars. If ever there was a true conundrum, the bond market is it. Full Story
By: Rick Ackerman, Rick's Picks - 8 December, 2006
Hard to believe stocks went all wobbly yesterday in nervous anticipation of payroll numbers due out this morning. With Ford and GM drifting steadily toward bankruptcy, and what remains of America’s manufacturing economy dying from the economic equivalent of pancreatic cancer, what sort of “numbers” could Wall Street possibly be looking for? Full Story
-What’s one third of one percent? Apparently about 20 million... -If the yuan rises in the east, the dollar sets in the west...the gold-to-oil ratio... -One study group that isn’t meeting after school for milk and cookies...‘luxury’ and ‘exclusive’ top the list of most popular adjectives in Bombay...and more! Full Story
By: Chris Mayer & The Daily Reckoning Crew - 6 December, 2006
-We've decided to go and see for ourselves what this India-buzz is all about... -The dollar caught a break yesterday - but this may be the worst comeback in history... -Things aren't looking too great for the homebuilders...letting the spirit Fraternite grab hold of us...and more! Full Story
The money power is the most dominant force in the world, even greater than military power, for without funding there can be no military power. He who holds the purse strings has control over whatever entity they are financing; consequently, the money changers are often the dominant force behind all such elite groups. Full Story
By: Bob Chapman, The International Forecaster - 6 December, 2006
We are told that gold is being considered again as a reserve asset by a number of central banks. They see trouble with the dollar and it could lead to the dollar no longer being the world’s reserve currency. It could be that a number of smaller central banks are bidders for gold at these levels along with China, Russia and India. Gold is acting very strong. This is surprising because gold lease rates are back down to .04%. This happens when the major central banks want to suppress prices. We will have to wait and see. Full Story
By: Richard Daughty, The MOGAMBO GURU - 6 December, 2006
With the economic tension at a breaking point, it was obviously time for a Loud Mogambo Harangue (LMH), and I am helpfully yelling out of the window at the neighbors that the Federal Reserve has destroyed their money by the over-issuance of money and credit, and I was casually mentioning in a very loud voice how I am happy that they are going to be destroyed as a result, because I hate them for their stupidity in voting the way they have for the last 60 years, and for being so stupid that they are not buying gold even when faced with the stark reality of the inevitable consequences of their execrable actions... Full Story
By: Rick Ackerman, Rick's Picks - 6 December, 2006
Shares of bellwether IBM are on the move once again, beckoning the broad averages to get back in bullish gear. We died holding IBM November 95 calls last month, but with the stock now pushing against that strike with eight trading days to go before December expiration, we’ll be looking for the rally to reach the century mark, and soon. In percentage terms, a similar move by the Dow Industrials would bring the blue chip average almost precisely to the 13045 target first flagged here quite some time ago. Full Story
-If a dollar falls in the market, is it bad for the U.S. economy?...the artificial intelligence of Nancy Pelosi... -Who is more fiscally irresponsible? 21st century America versus 16th century Spain? -Spending...war...the Friedman disease continues to consume America...and more! Full Story
By: Rick Ackerman, Rick's Picks - 5 December, 2006
It’s beginning to look a lot like Christmas on Wall Street, with stocks acting nutty enough to suggest that my 13045 target for the Dow isn’t so nutty after all. At Monday’s highs, our surreal target lay a little more than 700 points above. That’s about two weeks’ worth of upside in a blow-off scenario, which is what I’ve been looking for all along. Putting aside this almost unfathomably bullish target, we’ll continue to look for signs that the stock market is starting to crack. Full Story
*Part one kicks off with a review of the markets and this weeks spotlight pick. Bob Chapman reveals his latest price forecasts for gold and silver and we discuss the most likely outcome for precious metal given the current technical picture. Next, we listen to the market headlines, including the Fed. Chairman's latest speech. Ben Bernanke remains concerned over inflation despite two years of Fed rate hikes. Jack Chan and Gary Kaltbaum return to the show with glad tidings for precious metals investors. If you'd like to be added to the Spotlight Pick e-mail list for each weeks ticker symbols and related information, send a message to: goldseekradio@hughes.net
*In the second half, we listen to part one of the made for TV movie, Oil Storm. The documentary was surprisingly accurate in its crude oil predictions last year and may provide clues to future. Next, this weeks featured guest Andre Eggelletion thinks the once mighty housing market is responsible for half of all domestic economic activity. Andre says inflated home prices have lead to excess borrowing against home equity which is now threatening the entire economy, as the housing cycle turns downward. Subsequently, an economic retrenchment is inevitable in 2007, as a result of higher rates and the impending housing bust. Stay tuned for Andre's investment recommendations. Full Story
By: The Mogambo Guru & The Daily Reckoning Crew - 4 December, 2006
-You’re as cold as ice...the economy is in danger of freezing over...and the dollar is vulnerable... -Getting richer is like eating more calories when you’re already fat...it might feel good, but it is completely unnecessary... -Today is much different than yesterday...delicious foie gras...and more! Full Story
By: Bob Chapman, The International Forecaster - 3 December, 2006
Then there is the prospects for the economy. It would be great to be able to rely on government statistics, but we cannot. They are simply a fraud. This week the Commerce Department restated 3rd quarter GDP from 1.6% growth to 2.2%. They must think we all live in a pumpkin patch. Even those false figures are not promising. By all measures the US economy is weakening in spite of the sea of money and credit available. The housing market is an example. The bubble really hasn’t even been broken yet. Wait until you see what the next few years bring. Full Story
By: John Mauldin, Millenium Wave Advisors - 3 December, 2006
One of my favorite cartoons of all time is that of a very scrawny mouse caught out in an open field with a rather large hawk swooping down on it. There is no place to run, no place to hide. All the mouse can do is face the hawk and give him the bird, so to speak. The caption runs something like, "In the face of total disaster the only appropriate response is utter defiance." Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
