Now here’s what makes this really interesting: Instead of just taking some well-earned profits, Colorado Santa Fe is both lightening up and going short. In effect, it’s morphing from a real estate developer (which buys and operates, always on the long side), into a hedge fund, capable of going both long and short with outside investors' money. That’s a very big change in mindset, hard to pull off but exactly the right approach for what’s coming. “I’m an adept buyer,” says Marcel. “Now it’s time to become an adept seller.” Full Story
By: Gary Dorsch, Editor – Global Money Trends magazine - 9 June, 2006
And ironically, as was evident in the month of May, the only way G-7 central bankers could put a small dent in the “Commodity Super Cycle” and the gold market, was to signal tighter monetary policies and accept sharp declines in global stock markets, in order to lower inflation expectations. Weaker stock markets are portrayed by schizophrenic hedge fund traders as indications of a global economic slowdown, which in turn, could lead to weaker demand for commodities. Full Story
Part of that magnificent return was produced by the "sunshine" of money from hedge fund and other funds. Now they are withdrawing, producing a little rain on our Gold parade. That will pass, and bull market to over US$1,300+ will resume! Full Story
Taken together, the nomination of Paulson is a positive for the dollar. But we doubt it is enough to alleviate the pressures on the currency that may persist. Full Story
The Fed has been lifting short term interest rates a ¼ point at a time since early 2004. We are told this is to Slow a BOOMING economy before inflation gets out of control. Umm yeah right!
So whilst the Fed plays White Knight worried about how far our Dollar goes, the Bank of Japan (BoJ) has been playing Bad Cop via the Back Door.
The truth is credit expansion has not moderated at all. In fact it’s continued growing at ALARMING proportions - even after the Fed started tightening.
By: Peter Schiff, Euro Pacific Capital, Inc. - 8 June, 2006
Therefore, a decline in new construction and home prices will not only crush the home builders, but also the entire bubble-economy that their reckless behavior helped to artificially sustain. Full Story
Are these factors decisive? Perhaps not. No one can say for sure what will happen. But I certainly won’t be placing any bets against Bernanke and his fleet of helicopters. Full Story
By: Richard Daughty, The Angriest Guy in Economics - 7 June, 2006
****Mogambo sez: The gold and silver market manipulators are handing themselves and their friends a gift, as they know that gold and silver are going to boom any minute now, as they always have when economic conditions got like this.
If you want some, and you should, then all you have to do is walk over and pick it up! Full Story
After one of the most concerted rhetorical attacks on the threat of inflation in recent memory, Bernanke’s Fed has pushed the odds of a June rate hike above 80%. It goes without saying that stocks – which rallied last week as June rate hike expectations plunged below 50% - have been hurt this week. Full Story
Over the past ten years, I have argued that silver has been manipulated in price. One of my goals for writing publicly about silver was to terminate this manipulation. While I know that many people can’t understand my obsession with the manipulation, I make no apologies for my convictions. There is nothing more basic or important than keeping a market free of manipulation. This is the cornerstone of our market economy. Full Story
By: Todd Stein & Steven McIntyre, The Texas Hedge Report - 6 June, 2006
So Bernanke got appointed and gold bulls cheered. After all, this was the guy who threatened to fight deflation by running the printing press while dropping money out of helicopters. Gold going to four digits and never looking back was a slam dunk, right?
By: Bob Chapman, The International Forecaster - 6 June, 2006
Though the rampant printing of currency and the unbridled issuance of credit, our country is saddled with debt. Our whole future is stunted by this massive debt. It affects every facet of our lives. It affects our economy and our foreign policy. Due to the Keynesian solution, our dollar is no longer a safe haven. Maybe the Canadian dollar, the Swiss franc and the euro may be temporary substitutes but the only real quality currency is gold. Full Story
In conclusion, the commodity boom is no where near over and the current talk about a rout in the commodity sector is nothing more than the usual chatter that always surfaces whenever a market is experiencing a correction in a long term bullish trend. Full Story
At some point I believe that the gold price will decouple from base metals since reduced economic growth implies reduced demand for base metals but not reduced demand for gold. So while base metals prices will remain under pressure, there should be no such pressure in the gold market other than from short-term institutional investors who do not understand either market. Full Story
Richard Russell: brings his half century of market wisdom to the show to the delight market neophytes as well as professionals. Mr. Russell covers a broad range of investing topics focusing in on the strong case for precious metals.
Ron Brown: is concerned about the dollar dilemma and believes that silver is not only the best investment of the decade - he us convinced it is the greatest opportunity in history.
The Gold Wizards return: Bob Chapman takes a hard look at the gold and silver fundamentals. Gary Kaltbaum gives his read on the stock and precious metals markets. Jack Chan is expected to return next week. Full Story
"Remember, gold is static. Gold isn't going up, the dollar is going down. And it's going to continue until the American people demand an end to deficit spending by Congress and unrestrained creation of new dollars by the Federal Reserve and Treasury department." Full Story
Germany is there in mind at least, as is Italy. Russia is getting there and China thinks they may be too late. But when the oil/$ reserve currency crisis arrives in the market place [which could be in the next few months], the spur to make them think differently will be there, as will the support of the system to do so. Need will force them to do so, to preserve what they have left of confidence in their paper money. Full Story
Inflationomics, in popular terminology, indicates the sway of inflation thought in education and the affairs of government. It permeates political life and behavior, especially when economic policies are discussed and decided. It usually speaks well of an increase in the amount of money by a central bank and of deliberate expansion of bank credit in order to finance government deficits and stimulate economic activity. Inflationomics is a basic ideology of our time. Full Story
People from around the world keep asking me what advance warning for the collapse of our international monetary system, based as it is on irredeemable promises to pay, they should be looking for. My answer invariably is: “watch for the last contango in silver”. Full Story
By: John Mauldin, Millenium Wave Advisors - 4 June, 2006
It's All About the Data Consumers Under Pressure Housing Affordability Drops Who Stole My Job Growth? Who's Afraid of Inflation? Stratfor, Vegas, and the Mavericks Full Story
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