By: Bill Bonner & Chris Mayer, The Daily Reckoning - 10 February, 2006
-The nothing-but-paper money is doomed...we enter the decadent phase of the American Empire... -Greenspan makes himself some easy money...nothing but smoke and mirrors from Bush... -In a mood...what $600 will buy you in India...and more! Full Story
By: Rick Ackerman, Rick's Picks - 10 February, 2006
Gold has rebounded sharply in the last two days, recovering nearly two-thirds of Tuesday’s savage decline. Yesterday’s peak came within three ticks of a 570.70 hidden-pivot target I’d said would be reached if a lesser pivot at 565.90 was exceeded. And so it was. Despite this impassive show of strength, the burden of proof over the near-term will remain with the bulls, since the April contract must chew through ponderous supply ranging up to 580 in order to demonstrate convincingly that buyers are truly in command. I’d put the odds of success at no worse than even, although it’ll probably take at least three to four days of voracious buying to push past the old highs. Full Story
By: Bill Bonner, Chris Mayer & Dan Denning, The Daily Reckoning - 9 February, 2006
-Is there a money heaven?...nature's limits, penalties, and dirty tricks... -Money to burn...dragging the ball and chain of debt...resources misallocated by fraud... -Greenspan has left the building - but he has also left his mark...Bernanke doesn't realize what he has gotten himself into...and more! Full Story
By: Rick Ackerman, Rick's Picks - 9 February, 2006
So will the tens, twenties, fifties and hundreds stuffed in deflationists’ mattresses still have purchasing power? Not if the government, in the futile throes of a months-long administered hyperinflation, issues manageable piles of “new” dollars to replace mountains of old ones. Of course, it is because we cannot be sure what will occur that we have socked away not only cash, but bullion and junk silver. That last item, come hell or high water, is going to have purchasing power no matter what. Full Story
By: Bill Bonner, Chuck Butler & Steve Forbes, The Daily Reckoning - 8 February, 2006
-Sleep is getting to be increasingly difficult for many Americans...a new boom - in bankruptcy... -Who really pays when people go broke?...easy come, easy go... -Looking to the land of sultry tangos and solitary gauchos...gold takes a hit...and more! Full Story
By: David N. Vaughn, Gold Letter, Inc. - 8 February, 2006
Well, is gold ready for a major correction after this incredible rise? This is a very interesting & worth while discussion because every since gold climbed above 400 & on its way to 550 plus a vast majority have been waiting for gold to peak & head back south. There was more excitement when the gold price climbed from 300 to 400 an ounce. Full Story
You have fight wars for it. You have overthrown governments for it. You have sold your soul for it through some very strange political treaties, and associated alliances. No, it’s not that yellow, inert substance that’s listed as AU, #79 in the atomic chart. It’s smelly, very toxic when contaminated, and very black in raw form. It’s clear to honey colored in its most refined forms. In fact, it’s not even listed in the atomic chart. Yes, it’s Crude Oil or Black Gold. Oil is one of the most necessary commodities in society, being second only to food. In fact, Oil is the very basis of your civilization. Full Story
By: Richard Daughty, The MOGAMBO GURU - 8 February, 2006
We start off this week the same way we always do; take a handful of various tranquilizers, get strapped into a straightjacket, put on a crash helmet and get tied into my chair. Then I am, at last, ready to take a look at the increase in Total Fed Credit at the Federal Reserve, as this is the measure of how much more money the horrid Federal Reserve is creating out of thin air, which is, in turn, a measure of how much those arrogant, pinheaded bastards are destroying the dollar by creating so many of them. But this week I was "all dressed up but going nowhere" as the Fed only increased credit by $2.4 billion, which is still bad, but not as bad as it COULD have been, and usually is. Full Story
First of all, we have a bit of a correction underway on February 7, 2006. Gold is down about twenty bucks to the $550 level. Please, not to panic! This is a normal correction in an ongoing bull market. Sit tight. This bull is trying to buck you off because that’s his job. The bull wants to go as high as possible as long as possible with as few people on board as possible. The bear operates in exactly the opposite fashion. This holds true for all the markets but for some reason it is especially true for the gold market. Full Story
By: Bill Bonner, Eric Fry & Byron King, The Daily Reckoning - 7 February, 2006
-If things get sluggish, just open the gates a little wider...anticipating unwelcome inflation... -For some reason, in our "full employment" economy, 25,000 people have applied for a job at Wal-Mart... -Fighting diabetes by building parks...misguided idealism - or conceited delusion?...and more! Full Story
By: Dr. Ron Paul, U.S. Congressman - 7 February, 2006
All of these factors make it likely the U.S. dollar will continue to decline in value, perhaps precipitously, in the coming decade. Will it take an economic depression before the American public finally holds the political class accountable for its reckless borrowing, spending, and counterfeiting? Full Story
By: Bill Bonner, Chuck Butler & The Mogambo Guru, The Daily Reckoning - 6 February, 2006
-A trip to the old family farm...good on paper - not so good in reality... -Whatever happened to keeping your friends close - and your enemies closer?...the "safe haven metal" hits a 25-year high... -If Americans no longer save, who will have savings to lend?...a time for music, laughter and tears...and more! Full Story
A most profound philosophical truth has been thrown down the Orwellian memory hole over the past 100 years. We no longer teach our children that the classical liberal heritage of the Founders was noble and good. Yet it was this intellectual heritage of laissez-faire, in which all men were held to be self-responsible beings possessed of equal rights, that formed the cornerstones of America. This is what gave to our country its grand idealism. This is what created the mindset for early Americans to build their new nation into Earth's Eldorado. Full Story
By: Rick Ackerman, Rick's Picks - 6 February, 2006
We may get a chance on Monday to try out some of the theories espoused here the other day under the rubric “Buying Gold Without Pain.” We much prefer getting aboard when there’s weakness to exploit such as we saw on Friday. Newmont in particularly is a favorite because it is one stock that institutional investors absolutely must own if they want to show bullion assets on their books. On Friday they let NEM fall, as strong hands are wont to do when a stock they need to buy starts getting too pricey. At the final bell NEM appeared bound for a hidden-pivot support at 58.21, about a point-and-a-half below current levels. Full Story
By: John Mauldin, Millennium Wave Advisors - 6 February, 2006
Last week we started a series on a very important book by friend Joe Ellis called "Ahead of the Curve." We continue this week looking at specific indicators that Joe thinks give us a heads up when the economy is about to slow down and the stock market will being a bear market. I am then going to marry those thoughts with some work on the yield curve, especially looking at what the yield curve may be telling us today. Full Story
By: Steve Saville, Speculative Investor - 6 February, 2006
We occasionally read that deflation is inevitable because the total amount of debt in the system is so huge. The point will eventually be reached, according to those who are forecasting a deflationary outcome, when the amount of debt carried by the average person and the interest burden associated with the debt is so large relative to his/her income that he/she will be unwilling or unable to take-on additional debt; and at that time the total amount of money and credit in the system will begin to contract. That is, deflation* will occur. Full Story
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