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Weekly Archive
By: Bill Bonner & The Daily Reckoning Crew - 5 October, 2007
-"Don't Buy Stuff You Can't Afford"…a non-existent Bible quote…the forgotten art of making ends meet…
-Mistaking Argentina for America…funny money - 300 pesos at a time…spending a lot on cows that don't exist…
-Party hats for everyone - it's a Jobs Jamboree…a real "head scratcher"…we don't care about rate cuts…and more! Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 October, 2007
When Exchange Controls were imposed in Britain in 1971 the country was caught off-guard by the speed of their imposition. That was when the gold price really took off eventually rising from $42 an ounce to $850 in the 1980’s. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 5 October, 2007
As the nights lengthen, the leaves change color, and the chill winds of autumn begin to blow, the seasons are on everyone’s mind this time of year. But it is not only these natural seasons driven by orbital mechanics that are changing. The most bullish seasonal time of the year for the precious metals and their miners is nearly upon us. Full Story |
By: Peter Schiff, Euro Pacific Capital, Inc. - 5 October, 2007
As a contrarian, it is my nature to worry when too many people start agreeing with me. Currently, many of my most vocal critics, who had previously ridiculed my warnings about the dollar, now concede that it will continue to decline. With so many people now on the bandwagon, some currency watchers have asserted that sentiment now has nowhere to go but up, and that the stage is set for a dollar rally. Although I am unnerved by the company, I take solace in the fact that the conclusions that many of these nouveau-dollar bears draw are completely off the mark. Full Story |
By: Deepcaster - 5 October, 2007
Whether one is bullish or bearish in the short-term on Gold and Crude Oil one must concede that recent highs in Gold and Crude are, at least in part, a result of U.S. Dollar weakness vis-à-vis other major currencies. Full Story |
By: Adrian Ash - 5 October, 2007
If forgery were a question of quantity as well as quality, the world's entire private banking system would be queuing up for porridge tomorrow morning Full Story |
By: Peter Degraaf - 5 October, 2007
Gold issued a buy signal today, with a number of different signs. We are faced with a choice now. By buying in at this point, we could possibly lose 5%, (in the event that gold drops back to the $700 support level), or we can double our money and more, (with gold going to $2,144.00). Full Story |
By: David Galland, Managing Director, Casey Research, LLC - 5 October, 2007
As I perused the financial news over the past week, I was increasingly puzzled as to why it is that the denizens of Wall Street and Main Street appear to be paying almost no attention to the unfolding crisis. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 5 October, 2007
Then, last Thursday, I was pretty well 'adjusted' and could barely hold my head up off the bar, when… Wham! The oil future shot up over $2.79 to $83.09! Hahaha! I was right! Absolutely correct, from an investment perspective… Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 4 October, 2007
-The idiotic insights of Irving Fisher…how do you say "Déjà vu" in Mandarin?…fiscal Chickenhawks pass the buck…
-Next generation to pay for government sandwiches…the Argentine 'Theater of the Absurd'…two steaks for the price of a Happy Meal…
-Baltimore is not immune to flippers…warnings that fell on deaf ears…one solid investment strategy…and more! Full Story |
By: Ira Epstein - 4 October, 2007
Bull Markets need constant feeding as markets don’t continue discounting the same news over and over. Rather, they require “events” to get them moving along. The next “feeding event” takes place tomorrow, around 7:30 A.M. CST and comes by way of the Unemployment Report. Today’ Factory Orders and Claims Data showed a slowing economy was still at hand. Full Story |
By: Charleston Voice - 4 October, 2007
The leverage I see here is that for every one dollar drop in the US$ Index there is a corresponding rise of $11.25 in the gold price. If this ratio holds and the US$ should achieve 45, then we'd achieve a gold price of $1,112. Personally, I feel this gold price is on the low side for several reasons. Full Story |
By: Richard Daughty, The Mogambo Guru - 4 October, 2007
But incompetence and inflation is what a central bank is all about! According to the Inflation Calculator, it takes $21 in 2007 dollars to buy the same stuff that $1 would have bought in 1913 when the monstrous Federal Reserve was created! Full Story |
By: Bob Chapman, The International Forecaster - 4 October, 2007
What is interesting about today’s economy and financial markets is that most people believe they are normal. They think interest rates are always supposed to be low and that there should be endless money and credit available, that the Fed will back the economy no matter what and that we are always assured of a soft landing. Full Story |
By: Alex Epstein - 4 October, 2007
The Internet is one of the great bastions of freedom and innovation in our civilization. Let us keep it that way by rejecting the latest push for "net neutrality." Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 3 October, 2007
-As unpredictable as corks in the North Atlantic…inedible share certificate…for reasons that are "so 2006"…
-When the music stops coming from U.S. financial instruments…preventing Bill from laundering money…buy, buy, buy is going bye-bye…
-Where you stand depends on where you sit…U.S. dollar moves down - toward foreign takeovers…global financial disruption…and more! Full Story |
By: Jim Willie CB - 3 October, 2007
Faith and confidence in the USDollar, in management of the US banking system, in the viability of the USEconomic structure, in the image of Wall Street honesty, and in the integrity of USGovt federal finances are all at historic lows. Repair seems close to impossible. The US Congress, the current presidential Administration, the USFederal Reserve, and the US Dept of Treasury together appear to be in the center of a grotesque policy failure morass. Full Story |
By: Antal E. Fekete - 3 October, 2007
In Part Four I revealed that when it comes to owning Barrick shares, the two top Barrick executives, CEO Greg Wilkins and CFO Jamie Sokalsky have voted with their feet. In retrospect it looks more like a stampede of insiders out of Barrick shares and options. Full Story |
By: radio.goldseek.com - 3 October, 2007
NEW: GSR Preview Oct 3rd: Bill Murphy, Robert Ian, ZGB, Justice Litle, Jack Chan & Chris Waltzek Full Story |
By: Gary Dorsch, Editor, Global Money Trends newsletter - 3 October, 2007
Nowadays, traders of all different stripes are betting on more rate cuts by the Federal Reserve in the months ahead. Since mid-July, the odds of a US economic recession have been mounting, led by sliding home prices and the first loss of US jobs in four years in August. Sales of new single-family homes fell 8.3% in August to a 795,000 annual sales pace, to stand 21.3% lower from a year ago, and the glut of unsold existing US homes has swelled to the highest in 18-years. Full Story |
By: Theodore Butler - 3 October, 2007
Leaving aside concerns about manipulation for now, the buying and selling in COMEX gold and silver contracts had nothing to do with the long-term merits of each. As such, it would be a mistake to read into the resultant price moves in gold and silver as being related to any legitimate fundamentals. The $100 gold price rally was all about big traders trying to make a quick buck on a purely technical move. How it turns out will be clear in time, but don’t delude yourself that it was anything but the COTs behind this move. Full Story |
By: Sean Brodrick - 3 October, 2007
Earlier this year, uranium was on a roll, then the price swooned. Uranium mining stocks tumbled even further. What went wrong? Full Story |
By: Steven Saville, Speculative Investor - 3 October, 2007
The Commercial net-short position in COMEX gold futures was 208K contracts as at Tuesday 25th September (the cut-off date for the latest COT report), which roughly matches the all-time high reached in early October of 2005. This Commercial net-short position is, of course, balanced by an equally large speculative net-long position. Full Story |
By: David N. Vaughn, Gold Letter, Inc. - 3 October, 2007
Is not this gold bull simply amazing? Though I will share with you that there are a lot of gold investors waiting for gold to crash back down to 640. Sorry folks. Ain’t going to happen. Full Story |
By: Gary North - 3 October, 2007
The investment world assumes that central banks can always paper over and liquidity crisis in the financial markets, and will. But what if the problem is not liquidity in general but insolvency in a capital market? Full Story |
By: Jordan Roy-Byrne - 3 October, 2007
The average person isn’t concerned yet about inflation. They have witnessed and experienced rising costs in food, energy, healthcare and tuition while the government and media consistently proclaim inflation to be low and well contained. Do these people have an ounce of decency? Full Story |
By: Sol Palha, Tactical Investor - 3 October, 2007
Surprisingly the Dow was able to cut through the 14,000 area with relative ease; the picture of a hot knife slicing through butter comes to mind. What appears to be lacking though is the intensity in volume. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 3 October, 2007
This, then, is how the rich get richer! And the poor get poorer because they are the ones paying the 'silent tax' of higher prices (inflation in prices) caused by the inflation in the money supply, which was created to buy the bonds in the first place! Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 2 October, 2007
-The results of the Bernanke paternity test…recession be damned…time for another major switcheroo?…
-Perhaps foreigners will move to Killeen Texas…what 'ground rush' is really all about…in London, You Can't Take It With You…
-A little sad to rally on bad news…are we really out of the woods?…betting the numbers are big and scary…and more! Full Story |
By: Peter Grandich - 2 October, 2007
In my heart of hearts (which doesn’t mean any certainty, but explains how emotionally tied I am to this belief), I believe over time gold is going much, much higher. After almost 25 years in and around financial markets, you develop a sixth sense that doesn’t require standard technical or fundamental analogies. Call it gut-feelings, hunches, etc., but you just know something and it’s as clear as black and white. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 2 October, 2007
Oil exporters don't want dollars, see? They want units of buying power that they can use right now (like ordering some pizza and liquid refreshments for everybody), or to use in the future… Full Story |
By: Rick Ackerman, Rick's Picks - 2 October, 2007
Who ever said DaBoyz don’t have a sense of humor? Even those of us who were on the wrong side of the trade got a good laugh yesterday when Citi shares went bonkers on word that the subprime mortgage debacle and a few related problems had cost the banking colossus nearly $6 billion in the last quarter. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 1 October, 2007
-Silent phones at the granite countertop shop…picking up the slack…we guess 'yes' to the recession question…
-Bloomberg in Blackpool…the book business celebrity game…Bill's middle-aged, 'metrosexual' lifestyle…
-Relief from the end of the 'third quarter from Hell'…Chinese investors have to do without biofuels…and more! Full Story |
By: Adrian Ash - 1 October, 2007
What is it with leading commercial banks – first Credit Agricole...now Citigroup – and their accusations of wanton gold-price manipulation by central bankers...? Full Story |
By: Captain Hook - 1 October, 2007
That’s right – all you need do is look at the gold chart to know everything is not under control, including inflation practices. The implication here is the bailouts will just keep on coming as the crash in financials continues to take its toll. Somebody should have clued Greenspan into this brand of thinking long ago, no? Full Story |
By: Peter George - 1 October, 2007
The writer’s focus in this letter will be to demonstrate the significance of recent Central Bank interventions in the global currency and credit markets and explain why they are rapidly approaching the massive sums detailed above. Full Story |
By: Alf Field - 1 October, 2007
These factors gave rise to the forecast of an “upside catapult of at least $100 without a significant correction”, which expectation has now been achieved. The starting point of wave 3 was a PM fixing of $642.1 on 27 June 2007. Last Friday, 28 September 2007, the PM fixing was $743.0, a gain, thus far, of $100.90. The only correction since wave 3 commenced was the 3.9% decline depicted in the above chart as wave ii, finishing at $657.5. Full Story |
By: Peter Zihlmann - 1 October, 2007
While the EUR has made new all-time highs against the USD, the CHF remains below the high reached at the end of 2004, reflecting weakness of the CHF against the EUR. In times of financial turmoil, the CHF may well regain its role as a “safe haven” and make good lost ground. Full Story |
By: Merv Burak, CMT - 1 October, 2007
Gold is moving into new high ground for this generation but still over $100 shy of an all time high (not including effects of inflation). Will we get there before the next generation? Full Story |
By: Douglas V. Gnazzo - 1 October, 2007
With the rate cut by the Fed most markets seem to be chugging along, however, many markets are also overbought: commodities in general with wheat, oil, and precious metals in particular; the Dow is near its recent new highs as are the biotech’s and consumer staples. Full Story |
By: Larry LaBorde - 1 October, 2007
My grown children have from time to time accused me of being a bit too negative. While some of my writing may have come across that way I actually feel quite the contrary. Even though the bulk of my writing has been on monetary history (sometimes pretty dull stuff), I occasionally dabble in political writing (even worse). I have even been accused of being unpatriotic at times concerning my writing about the South. Let me attempt to set the record straight. Full Story |
By: Clive Roffey - 1 October, 2007
The fallout from the sub-prime debacle appears to have cooled off. Decisive action by central bankers has shown their resolve to unblock the flow of inter bank lending. But has it left an indelible scar on the confidence of investors? Full Story |
By: Clive Maund - 1 October, 2007
We now have an extraordinarily bullish setup for the broad stockmarket, which as we will soon see is considerably amplified by the latest Commitment of Traders data, that is unprecedented in the writer’s experience, and startling. Full Story |
By: radio.goldseek.com - 30 September, 2007
1st Hour:
Headline news & market forecast.
Spotlight Picks with big dividends.
The International Forecaster and Chris Waltzek answer listener questions.
2nd Hour:
Congressman Ron Paul
Curtis Faith Full Story |
By: Clive Maund - 30 September, 2007
The way to be popular in this business it to tell people what they want to hear, which is that gold and silver are going up, up, up. However, if your priority is to assist people in making money or at least avoid losing it, then being popular has to be a secondary consideration. Full Story |
By: Clive Maund - 30 September, 2007
Even though recent action in silver has been very positive, with it finally breaking free from the shackles of its “Distribution Dome”, short-term it looks set to react significantly in sympathy with gold, a scenario that is made a lot more likely by last week’s sharp increase in the Commercials’ short positions. The long-term outlook remains strongly bullish, so if the expected short-term reaction occurs it will be viewed as presenting another buying opportunity. Full Story |
By: Bob Chapman, The International Forecaster - 30 September, 2007
The USDX set an all-time low, while gold set new 27-year highs! That, in a nutshell, describes this week’s action. The failure of the Fed to support the dollar has set in motion a worldwide chain reaction, a literal stampede out of the dollar, sending the USDX, which had already broken downward past the 79 handle last week, to a new all-time low, plummeting once again this time past the 78 handle, to close at 77.698 (spot) and 77.625 (lead), down a mind-blowing .619 and .635, respectively, with stunning intra day lows of 77.666 and 77.580, respectively. Full Story |
By: John Mauldin, Millenium Wave Advisors - 30 September, 2007
The dollar reaches new lows. The housing market shows no sign of a bottom. Oil almost touches $84 before backing off. Interest rates go up after the Fed cuts. So naturally the stock market keeps climbing. But then, consumer spending came in strong, employment looks like it may be ok, inflation (at least by one measure) came in below 2%. This week we look at the question of whether you could have a continued bull market and a recession. (Maybe.) We look at the bigger picture for the dollar and interest rates and examine the ugly data from the housing sector. Inflation or deflation? Full Story |
By: Rick Ackerman, Rick's Picks - 30 September, 2007
The silence that has greeted the dollar’s collapse is eerie. You don’t have to be an old-timer to remember when such an event would have been news. Not any more, though. Maybe it’s because no one really understands what a falling dollar means, other than that a hotel breakfast of juice, toast and eggs now costs upwards of fifty dollars in London and Paris. Full Story |
By: Ruben T. Varela - 30 September, 2007
In his recent testimony to Congress, Ben Bernanke actually had the nerve to say that inflation is running at 2%! What planet is he living on? Full Story |
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