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Weekly Archive
By: Richard Daughty, The MOGAMBO GURU - 10 August, 2007
If you look up 'expert problem' in the index, it tells you to 'see empty suit problem', which tells you everything you need to know without looking anything up, which is real handy! Full Story |
By: Short Fuse & The Daily Reckoning Crew - 10 August, 2007
-The markets will be fine - George W. Bush said so…rediscovering risk and zombie volatility…
-Backed by pension funds and bible schools…not living in Florida is better than not living in Maryland…
-America's infrastructure report card…Paulson and Bernanke eat crow…and more! Full Story |
By: Peter Schiff, Euro Pacific Capital, Inc. - 10 August, 2007
For years, Americans have been able to pay for enormous trade deficits by exchanging IOU's for imported consumer goods. Unfortunately for foreign creditors, a substantial percentage of those IOU’s have recently taken the form of mortgaged backed securities. Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2007
Sales of gold by European Central Banks are primarily for the adjustment of national reserves in terms of structure or size. They are not intended under the rules of the European Union, intended to pay the bills of the governments of Europe, so when the subject came up, after a consistent record of the Bank of Italy’s refusal to even contemplate the sale of the country’s gold reserves, everyone was surprised. The reality was suddenly the government of Italy wanted to put their hand into the country’s coffers in an exercise that would never have solved the country’s debt problems. Full Story |
By: Deepcaster - 10 August, 2007
Deterioration, and accompanying increased volatility, has begun to be manifest in several Major Markets. Gold, Crude Oil, and Equities Markets in particular, have recently become afflicted with the deterioration and volatility “disease.” But one can profit from deterioration and volatility. Full Story |
By: Ira Epstein - 10 August, 2007
Metal markets broke very hard today. The French Bank, BNP Paribas, reported today that three funds it controls were in financial straits, due to a lack of liquidity. These three funds apparently invested in Subprime Loans. The European Central Bank acted immediately on news of this by pumping liquidity in the system to calm the markets worry. However, once the announcement was made the damage was done. Full Story |
By: Jim Willie CB - 10 August, 2007
The conclusion is that the monetized MBS bond money, if and when redeemed by the US banking authorities, will not directly cause price inflation. The money will be devoted to other things to keep the system running, to protect their own individual interests. However, the entire process will become revealed. What is highly likely, more akin to a dire dark cloud, is that the the international reaction will be to lose confidence in the USFed and Dept of Treasury. Full Story |
By: Rick Ackerman, Rick's Picks - 10 August, 2007
We've harped on the theme of debt deflation many times in the past, but not recently because I had despaired of finding someone who could score any points taking the other side of the argument. Alas, now my best hope for a good debate, Fred Hapgood, has let me down. Full Story |
By: Short Fuse & The Daily Reckoning Crew - 9 August, 2007
-The untrustable two-faced market…a credit based phony boom…Eastern reality vs. Western fraud…
-It's not too late to ruin yourself…going with the flow might lead you astray…
-How does Bush define normal…water stocks chase the financial thirsties away…and more! Full Story |
By: Brady Willett - 9 August, 2007
A funny thing happened during today’s central bank bailout attempt: the markets plunged. Is it just me, or when central bankers unite and throw money at a problem isn’t that problem supposed to go away? Full Story |
By: Jordan Roy-Byrne - 9 August, 2007
The last few quarters have been difficult for investors holding gold shares. Each rally has given hope to the beginning of a new major uptrend, only to consistently fail. Rest assured, despite this seemingly terminal consolidation, the technical and fundamentals have grown stronger. It is true that manipulation and intervention can distort signals but this is mostly true in a short term sense. How else would gold and gold stocks have risen so significantly since 2001? It's called a bull market. Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 9 August, 2007
“Imagination is more important than knowledge”, the brilliant Albert Einstein used to say. Imagine for just a moment, that the Dow Jones Industrials has become a key instrument of national economic policy, and that by “actively managing” its direction, the government could impact the wealth of tens of millions of US households, and by extension, influence consumer confidence and spending. Full Story |
By: Eric Hommelberg - 9 August, 2007
The uncertainty in the equity and gold market continues to increase and many investors are throwing in the towel when it comes to gold and its shares. People are getting nervous about the true health of our current financial system and some financial heavyweights argue we do find ourselves near or even at an Armageddon type of melt-down as a result of the on-going sub-prime woes spreading like a cancer to other financial sectors. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 9 August, 2007
The last thing I remember before blanking out is that this totals to about 80% of GDP! Or more! And even now I still feel kind of woozy about it! Losses suddenly totaling 80% of GDP? Yow! Full Story |
By: Rick Ackerman, Rick's Picks - 9 August, 2007
Back from a week’s vacation in the tropics and freshly infused with sunbaked sanity, we view the stock market’s bizarre spasms in recent days as the death rattle of speculators gone criminally berserk with Other People’s Money. For how else to reckon the wild price swings of late? Full Story |
By: Short Fuse & The Daily Reckoning Crew - 8 August, 2007
-Current 'bloodbath' is more like a 'blood stream'…singling out Greenspan…for better AND for worse when the dust settles…
-Poor saps in a jam…entering the third phase of delirium…when the average turn contrarian…
-China sends a message to the U.S.: "You smear our export quality, we smear your dollar."…and more! Full Story |
By: Bob Chapman, The International Forecaster - 8 August, 2007
At the moment the stock market is in free-fall, because the cost of borrowing money is increasing, mortgage and debt markets are in disarray and earnings are a long way from what they are supposed to be. It also means the orgy of senior US companies borrowing billions to buy their stock back could be coming to an end. In the first quarter they spent $118 billion, in the second quarter $157.4 billion, which was up 58% from a year ago. It looks like the price support operation may well be over. Full Story |
By: Michael B. Clark - 8 August, 2007
The precious metals markets have been on a tear. In fact, precious metals have been the top performing asset class in recent years and with this trend looking likely to continue, many investors want exposure to these markets. But how does one go about making a precious metal investment that safely affords the investor with such exposure? Full Story |
By: Justice Litle - 8 August, 2007
Gold is supposed to the be anti-dollar and, by extension, the obvious port in a storm when credit markets go kablooey. Why, then, is gold merely doing "okay" even as Lloyd Blankfein's nightmares come true... and why have gold stocks fared so poorly? Full Story |
By: Gary North - 8 August, 2007
I see the FED as capable of monetizing everything listed on any exchange, and then some. I see no limit on fractional reserve banking’s ability to destroy the purchasing power of a nation’s currency. I believe that the crack-up boom is ahead of us, not behind us. Full Story |
By: Ned W. Schmidt, CFA, CEBS - 8 August, 2007
As U.S. mortgage market infrastructure continues in collapse, era of paper assets is fading into history. Last week's chart showed that Gold has provided higher returns than paper assets over past ten years. Today's graph places situation in a longer term perspective. Era of real assets, personified by Gold, is early in a cyclical upswing. Good part is yet to come. Plotted is ratio of US$Gold to S&P 500. Full Story |
By: Michael Nystrom, MBA - 8 August, 2007
By the time you read this, the Fed's decision - made in secret - will have already been announced. Hundreds of news articles and blogs will argue over its wording and meaning. Was it dovish or hawkish? Discussed ad nauseam will be: what the policy statement does or does not clarify, what it leaves room for in the future, what it means for the economy, housing, jobs, and the prospects for recession or recovery. Full Story |
By: Short Fuse & The Daily Reckoning Crew - 7 August, 2007
-A putrid recipe for prosperity…how the housing industry affects 2x4 manufacturers…
-A substantial leak in a big ship…getting ready for the great unwind…
-The Fed opts to sit tight - again…perhaps we should all start doing business in the Caymans…a profitable way to play ethanol mania…and more! Full Story |
By: Puru Saxena - 7 August, 2007
Over the past few days, the ongoing credit-crunch in the US has grabbed all the media attention and the capital markets have responded with sharp declines. At present, there is an ongoing debate as to whether the sub-prime debacle will sink the US into the next “Great Depression”. Not surprisingly, the bears are out of their dens again, forecasting the very end of capitalism! So, what should we make of the current situation and more importantly, how should we invest during these volatile times? Full Story |
By: Captain Hook - 7 August, 2007
To say these are interesting times is undoubtedly an understatement in my view, as I am a conservative by nature. And the dichotomies – don’t get me started on them. In the US, supposedly the exemplar of free enterprise in the world, never have so many owed so much to the state, while at the same time it appears those in power have embraced capitalism to its fullest degree, spending money here and there as long as kick-backs in the form of political contributions keep coming. What do we call this – selective capitalism? Full Story |
By: Dudley Pierce Baker - 7 August, 2007
We are of the opinion, based upon our research and the opinions of numerous analysts we respect and follow, that an incredible move to the upside in the shares of natural resources is right around the corner. We may still have some work to do from a technical and timing standpoint for the next few weeks, but we suggest investors should be preparing for this event. Full Story |
By: Clive Maund - 7 August, 2007
The outlook for gold turned decidedly more bullish last week when it broke above the confines of its “Distribution Dome” for the second time in the space of as many weeks. This breakout, which is less likely to fail than the last one did, has once again put gold in position to break strongly above last year’s highs, an event made more and more likely - some would say inevitable - by the crumbling dollar. Full Story |
By: Clive Maund - 7 August, 2007
Gold has been outperforming silver all year to date, and although this could change anytime, there is no sign of it yet. A recent example is the fact that gold has broken clear out of the restraining “Distribution Dome” shown on its chart, whereas silver has only managed a marginal breakout above its dome pattern. Full Story |
By: Steven Saville, Speculative Investor - 7 August, 2007
The surge in the HUI/gold ratio during the first three weeks of July never really made sense given that it was not accompanied by a significant improvement in the real gold price (gold relative to other commodities and investments). Interestingly, though, even while gold stocks were weakening considerably relative to gold bullion over the past fortnight the backdrop for gold stocks was becoming more bullish. Full Story |
By: Michael J. Kosares - 7 August, 2007
From time to time I update this short study - the nuts and bolts of which first appeared nearly ten years ago in my book, The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold. You might think it odd that I would update the same study on a regular basis, but the fact of the matter is that the message (and its value as a primer) hasn't changed since the book was first written. Full Story |
By: Ira Epstein - 7 August, 2007
As readers of this report know, for the better part of this summer I have been Bearish on both gold and silver. I am now leaving that thought stance and beginning to focus being Bullish in both. The question for you is: Do you wait for the markets to turn Bullish or do you get in before they do, by using Options on Futures? Full Story |
By: Short Fuse & The Daily Reckoning Crew - 6 August, 2007
-Hoping for rain at the World Series…Horton hears a first quarter loss…
-U.S. consumers are turning Japanese…the cure to deflation is worse than the disease…
-America's new resource 'miracle'…what happens when the parties over?…prime examples of late, degenerate capitalism…and more! Full Story |
By: Brady Willett - 6 August, 2007
With all of this said, it would be naive to think that Fed will stand idly by if the financial markets continue to tank. As much as Bernanke wants to be regarded as an inflation fighter there does come a point when failing to provide a timely injection of liquidity could have a devastating impact on investor confidence and the U.S. economy. Full Story |
By: David N. Vaughn, Gold Letter, Inc. - 6 August, 2007
Take a look below at gold’s Friday price action. Gold is so much like a spring. Every time it finds itself being pushed down it jumps right up again. What you are looking at below is the evidence of a true bull market in action. Full Story |
By: Greg Silberman CA(SA), CFA - 6 August, 2007
There is an old market adage which says every Bull market contains the seeds of the next Bear market. Not only is that true but we would extend it to read every correction brings into being the next up leg and here I am referring to the Gold market. Full Story |
By: radio.goldseek.com - 5 August, 2007
This Weeks Guests & Highlights:
Ross Hansen, Northwest Territorial Mint.
Jim Cramer says: "Walk away from your home!" (Youtube)
3 Spotlight Picks with big dividends! Full Story |
By: Dr. Clive Roffey - 5 August, 2007
Panic in global markets as interest rate worries hit Wall St. causing a sell off that knocked the Hedge Funds hard prompting two failures and cautionary notices being issued. According to the doomsters it’s all over bar the shouting. Global markets have topped and its time to take a back seat. Not on my work!! Full Story |
By: Ned W. Schmidt,CFA,CEBS - 5 August, 2007
On Friday, the markets took control of the markets. The Federal Reserve lost control of the financial markets that day. When you woke on Friday, the 30 year fixed rate mortgage, assuming you could qualify, was at 6.7/8%. At lunch time, that rate was at 8%. In the afternoon, they began executing the remaining live part of the U.S. housing market. The markets are ignoring the Fed. Full Story |
By: Michael Nystrom - 5 August, 2007
Ben is in a bind - one that I certainly don't envy him for. He won't want to jeopardize his budding reputation as an inflation hawk by lowering rates. On the other hand, he doesn't want to cause a credit collapse, either. A severe collapse might herald the long awaited global cascading chain of cross defaults, followed by pervasive deflation, and the start of the second great depression. The irony would not be lost that the expert on the first great depression inadvertently wound up causing the second. Full Story |
By: Bob Chapman, The International Forecaster - 5 August, 2007
Make no mistake the beginnings of the credit crunch that you are witnessing could bring the world financial system to a halt. We can look forward to contracting credit, higher interest rates, the ultimate end of leveraged buyouts, the collapse not only of the CDO market, but that of junk bonds as well. We will soon see almost all 30-year fixed rate mortgages with 20% down and 700 FOIC’s for those who want to be homeowners. They will be assisted by lower home prices. Full Story |
By: Jack Chan - 5 August, 2007
Since being stopped out two weeks ago, we remain neutral and in cash until further set ups. Volatility can be sharp this coming week due to the FOMC decision on rates. As always, to enter the markets, we need signals, set ups, and stops. Full Story |
By: John Mauldin, Millenium Wave Advisors - 5 August, 2007
With the economy increasingly looking like it will slow down materially in the last half of the year, there is a drum beat for the Federal Reserve to cut rates. But how likely is a rate cut this year? We take a very different look at inflation to see if there is any room for the Fed to give a boost to the economy. We look over our shoulder at Japan and the yen carry trade and ask a heretical question: does the Fed cutting rates make any difference? Full Story |
By: Peter Degraaf - 5 August, 2007
Did you hear about the woodsman who, when asked by a friend how long it had been since he had his axe sharpened replied: “I just don’t have the time for that”. No matter how good a trader we may have become, we’re still not perfect. Yet, perfection must always be our aim, and we must never be too busy to improve. Full Story |
By: Nadeem Walayat - 5 August, 2007
The 2001 Foot and Mouth Outbreak saw the FTSE 100 index fall from 6100 to a low of 4200 or 45%. Whilst obviously the entire fall cannot be attributed to Foot and Mouth as the FTSE was in a bear market at the time. It was a contributory factor in the reinforcement of the overall negative sentiment. Full Story |
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