A few weeks ago Nouriel Roubini, widely regarded as one of the more pessimistic figures on Wall Street, made headlines by raising his forecasted likelihood of a "double dip recession" to a terrifying 40%. The vast majority of "mainstream" economists (although I would argue Roubini himself is part of that pack) described these predictions as far too gloomy. Full Story
By: The Gold Report and Wes Roberts - 10 September, 2010
Wes Roberts, vice president of Toronto-based HB Global Advisors, has seen just about every type of mineral deposit on the planet. There is no substitute for that kind of experience. In this exclusive interview with The Gold Report, Wes shares some of that knowledge with you to help guide your investment decisions. Full Story
Back in the glory days of 2008, the mainstream press, political pundits, and various government officials talked about the idea of the Goldilocks economy. Not too hot, not too cold, but just right. Of course the analogy ended when the bears chased Goldilocks out of the cottage. While the same outlets aren’t trotting out the fairy tale this time around, it is clear that the US has hit phase two of the Goldilocks economy and it is my guess that most folks will like this one even less than the first. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 10 September, 2010
Gold enjoyed a strong August after emerging out of its late-July seasonal lows. But interestingly last month’s bullish action was probably just the beginning of gold’s newest rally. A whole host of bullish seasonal, sentimental, and technical factors are converging that ought to catapult gold much higher in the coming months. Full Story
By: Daniel Aaronson and Lee Markowitz - 10 September, 2010
The credibility of central banks is being questioned. In the United States, media reports point to growing dissension within the Federal Reserve about future policy decisions. Additionally, the European Central Bank (ECB), while initially having success in supporting bond prices, has recently seen its massive bailout effort wasted as a number of the member nations’ bonds have resumed their declines. Full Story
The claim that several international Mega-Banks are insolvent but for Mark-to-Model (more accurately, Mark-to-Myth) Accounting, may well be true. And it certainly is true that several would have been Insolvent were it not for Taxpayer – funded multi-hundred billion dollar Bailouts. Full Story
On the MORNING of Weds 12 Sept. 2007, Northern Rock – the UK's fifth-largest mortgage bank – ran a banner advertisement across the lower front-page of Britain's best-selling broadsheet, The Daily Telegraph. Full Story
The preceding Goldsmiths CLVI and CLVII both addressed the move afoot by the US Government to force all pension plans and retirement programs to invest in US Treasuries only. The Auto IRA plan now in Congress is a step in this direction. Full Story
By: The Energy Report and Joel Musante - 10 September, 2010
C. K. Cooper Senior Analyst Joel Musante likes oily exploration and production (E&P) names in name-brand plays, especially the Bakken. In this exclusive interview with The Energy Report, Joel talks about how he reaches his conclusions. Full Story
The central banking and political world are up in arms about a planned John Maynard Keynes book burning. The burning was announced by Jeff Berwick, Chief Editor of The Dollar Vigilante, to take place on December 23, the anniversary of the Federal Reserve Act of 1913. Full Story
By: Richard Daughty, The Mogambo Guru - 10 September, 2010
I keep seeing things, scary things, terrifying things characterized as “for the first time ever,” like Tyler Durden of zerohedge.com writing that “As per the August 31 DTS statement, the US ended the month with a new all-time record of $13.45 trillion in debt, an increase of $210 billion from the beginning of the month (or $225 billion in public debt, net of intragovernmental holdings). Full Story
If you had a previously incurable genetic condition and scientists came up with a treatment for it, you’d jump at the chance to take advantage. That’s a no-brainer. But what if you had the opportunity to invest in a company deeply involved in just such cutting-edge research? Full Story
I gave President Barrack Obama six months to roll-out his doomed Keynesian policies, twelve months to discover they were flawed and eighteen months to realize that the solution to America’s problems must lie within a different economic framework. I had hoped by the end of twenty-four months to see new policies closer to an Austrian economic philosophy emerge. I was wrong. Full Story
By: Andrew Mickey, Q1 Publishing - 9 September, 2010
It’s a perfect storm for junior gold stocks. Gold prices are climbing steadily, billions of new exploration dollars are being pumped into the ground, and years of exploration work are starting to pay off in big new discoveries. Full Story
By: David Galland, Managing Editor, The Casey Report - 9 September, 2010
Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate prices have come down. Plus, in an environment with next to zero interest rates, the idea of possibly picking up some income-producing property on the cheap holds a certain appeal to some. Then there’s the fact that real estate is very much a “tangible” – and so should hold up reasonably well, should the fiat currency system come undone, as we expect it will before this crisis is over. Full Story
The precious metals sector is at an important juncture. Let’s take a look at the potential upside targets. First let’s start with Gold. Gold has formed a bullish cup and handle pattern, which is more bullish than usual due to the handle being formed at a higher level than usual. The pattern projects to $1450. Initial support is $1235-$1240 followed by $1225. Full Story
By: The Gold Report and Brien Lundin - 9 September, 2010
What do politics have to do with precious metals? A lot, according to Brien Lundin, who writes Gold Newsletter. In this exclusive interview with The Gold Report, Brien reveals how the November elections will be pivotal to gold and why President Obama's policies could provide a big boost to the yellow metal. Full Story
By: Richard Daughty, The Mogambo Guru - 9 September, 2010
Even though I have been drinking so that my speech is slurred after testing some crazy idea that I could drink away my utter horror at the death and dying of the US dollar and economy, history is, on the other hand, being made crystal clear that when a country is so idiotic as to ignore its own Constitutional requirement that money be only made of silver and gold... Full Story
By: Rick Ackerman, Rick's Picks - 9 September, 2010
Like your editor, Rick’s Picks forum regular Wayne Razzi (aka “Red Will”) is a veteran floor-trader who grew up in South Jersey. When I asked him if he would like to contribute a guest commentary, I was not expecting the provocative tour de force that unfolds, step by step, below. Full Story
The Golden battle lines are drawn and the first day was a bloody one. The forward line for the bulls are drawn at $1,254, while the forward line for the bears is now $1,263. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 8 September, 2010
For the past decade, prices in Japan have been stable or fallen, in an economy where the central bank has pegged its overnight loan rate near zero-percent, and where 10-year bond yields haven’t climbed above 2-percent. Between 1991 and 1995, Tokyo spent $2.1-trillion on public works, in an economy that’s less than half the size of the United States, in order to lift its economy out of a severe downturn caused by the bursting of a real estate and stock market bubble in the early 1990’s. Full Story
Like the song says - See you in September - the ninth month has notoriously been the strongest calendar month for gold. Rather than accept this blindly as Gospel Truth, we have decided to delve into this in detail to see what factors could be used to explain this phenomenon. Full Story
By: Bob Chapman, The International Forecaster - 8 September, 2010
The American public is alarmed at what they see going on. Most of them do not understand what has been done to them. The propaganda fed to them daily has them completely confused and that is understandable. They know the financial sector has been bailed out and they somehow have to pay the bill. They have been deceived and few of them want to admit it. Full Story
In an environment with historically low interest rates, fixed income investors have been pouring money into longer-duration securities, substituting 3 and 6 month T-Bills with 10-year Treasures or bond funds. To an extent, this should not be so surprising: the Federal Reserve’s (the Fed) extraordinary monetary policies have resulted in extremely low yields at the short end of the yield curve. Full Story
What the deflationists fail to acknowledge is that in a purely fiat monetary system deflation is a choice not an inevitability. To put it in simple terms, if a government is willing to sacrifice its currency there is absolutely no way deflation can take hold in a modern monetary system. Full Story
By: Andrew Mickey, Q1 Publishing - 8 September, 2010
Recession, depression, or recovery, gold is poised to continue its run. As gold nears new all-time highs, a minority of investors is in it, more are waiting for a dip, and most will miss out on it altogether. Well, until the top when everyone will be herding into it. Full Story
Every army keeps troops in reserve. If there is a breakthrough in the defensive line by the enemy army, the commanding general needs reserves to send into the breach to keep his army from being routed. It is too risky not to have reserves. Full Story
By: The Energy Report and Ethan Bellamy - 8 September, 2010
Wunderlich Securities Senior Analyst Ethan Bellamy is another success story in a considerable line of exceptional MLP analysts. He focuses on about 15 MLP names, including a number of closed-end funds. He believes the tax advantages of the MLP structure will eventually allow MLPs to become a "stalwart" asset class. Full Story
By: Richard Daughty, The Mogambo Guru - 8 September, 2010
I was surprised when Mike Burk of Alpha Investment Management wrote that “Some of the NYSE breadth indicators look pretty good, but that is from strength in fixed income which makes up about half of the issues traded on the NYSE. Fixed income looks like a bubble.” Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 September, 2010
The’ better-than-expected’ poor employment figures of last week were generally taken as a sign that the recovery is there, but L-shaped with a slightly rising bias. The new stimuli from government will be positive and hitting where they should. Tax breaks on new equipment and infrastructural development tastes the same as digging holes and filling them in did in the 1930’s. We have to wait and see if the economy will respond. Full Story
WHATEVER'S LURKING in Andean Resource's data room – opened to suitors for two years, but now closed after GoldCorp trumped Eldorado's US$3.3bn bid – it must be pretty spectacular. Full Story
The title a quantum physics enigma likely best captures (as opposed to ‘ A Parallel Universe, etc.’) the essence of describing two things occupying the same space at the same time, as is the case with both inflation and deflation within the matrix of our sordid economies. Full Story
By: Dr. Ron Paul, U.S. Congressman - 7 September, 2010
Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no higher than 8% if their policies were followed. Not only does the administration have a funny way of ending a war, but now they claim their economic policies are successful. For whom, I wonder? Full Story
The greatest danger in markets is believing you have the situation all figured out. For many decades, the “banksters” have controlled the gold market, and many other markets. When the OTC derivatives were marked to market (a small portion of them) in 2007, the losing side of the trade said “we don’t have the money, we’re bankrupt!”. Full Story
When younger, Alan Greenspan wondered if he could have prevented the Great Depression had he been Fed chairman during the 1920s. Fate, however, was to give Greenspan a far different future than he expected; instead of preventing a depression, he would cause one. Full Story
By: Richard Daughty, The Mogambo Guru - 7 September, 2010
Bloomberg.com had the headline “Bank of Korea ‘Under Pressure’ to Boost Gold Holdings, Shinhan’s Oh Says,” which was perfectly understandable, although I have no idea what “Shinhan’s Oh Says” means. Full Story
By: Rick Ackerman and Oliver Fuchs - 7 September, 2010
From reader and paid-up subscriber Oliver Fuchs of Munich, we have a very interesting metaphor to explain the seemingly anomalous economic boom now going on in Germany. Is it merely the final, spectacular tipping of a ship about to slide into the deep? Oliver explains why this may be so. Full Story
Gold continues to climb. It’s not exuberant and it’s not exciting but it keeps on climbing. It’s at a point where one would expect a serious reaction or a new explosion on the up side. Which will it be? Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and answer listener's questions. 2nd Hour: Peter Eliades, Stockmarket Cycles John Williams, Shadow Stats Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 September, 2010
We always have to remember that the Chinese are inscrutable. The Chinese government is very careful not to say any more than is necessary on anything. It’s also very useful to have people, supposedly close to government makes statements that may appear to be government policy. Many of the statements come from people helping to lay a smokescreen for the true picture, or to get a reaction, like tossing a stone into a bush to see what flies out. Full Story
Fanaticism has been defined as the policy of repeating the same actions while expecting a different result. If that is the case, then we live in a society of fanatics, and it is absolutely essential to know this if one is to succeed in the financial markets. Full Story
Although they have grown in importance to become part of our everyday lives, the term "rare earth element" rarely comes up in our daily conversations. Yet rare earth elements — the 17 chemical elements that include scandium, yttrium and the 15 lanthanides — are a crucial component in such things as high-tech electronic gadgets, hybrid automobiles, wind turbines and the catalysts used in oil refining. They also have a wide range of military applications. Full Story
By: John Mauldin, Millennium Wave Advisors - 6 September, 2010
This week you will get a kind of preview as this week's letter. I am desperately trying to finish the first draft of my book and am one chapter away from having that draft. I have promised my editor (Debra Englander) that she would see a rough draft next week, and the final version will be delivered on the last day of September. More on that process for those interested at the end of the letter. But this week's letter will be part of what will probably be the 4th or 5th chapter, where we look at the rules of economics. Full Story
As our socialist progressive leaders in the developed world murder wealth creation, the middle class and our economies under the guise of saving them. Capitalism is now dead in the lands of its birth because there are NO REWARDS for saving, investing, starting a business, hiring an employee, taking a risk or working your ass off to get ahead. Full Story
By: Bob Chapman, The International Forecaster - 6 September, 2010
In a futile attempt to keep the economic and financial system afloat, QE2 is underway. It began in early June as banks changed the rules for awarding loans. There efforts over the past few months have only met with moderate success. Banks had cut back lending by some 25% over the past 16 months mainly to small and medium-sized companies. Full Story
Economically, at least on the surface, things seem to be looking up for Europe. But keep in mind that economies can be like icebergs with lethal, unseen parts below the surface, like one common currency for very different economies. We fear that the Eurozone will arrive at the same juncture again in about three years when they must pay interest on their current debt plus the one trillion in bailout dollars and repay the maturing debt. Full Story
On April 30th of this year I wrote an article entitled “Today’s Most Important Price Points in Gold.” This is a follow up to that article. Before presenting an updated version, there are a few key points worth review. Feel free to Google the report or check this websites archives: (At some sites it was called “The most important price point in gold.” Full Story
By: Llewellyn H. Rockwell, Jr. - 6 September, 2010
As a culture, we like our reality on television, but seem to oppose it in economics. For more than two years now, and even longer depending on your dating scheme, the federal government has waged war on the reality of the incredible Fed-fueled bubble that developed in housing with spillover effects on the rest of economic life. Full Story
By: Richard Daughty, The Mogambo Guru - 6 September, 2010
Ellen Kelleher, writing for The Financial Times, opens her article with how Baird & Co., in their warehouses in London, purify gold by heating it to molten form to make “medallions, bars, and rings,” which sounds like a lot of heavy, hot, back-breaking, dangerous work to me, as if the word “work” was not bad enough by itself with the terrifying adjectives. Full Story
Ahhh, the curves life throws at you sometimes still amaze me! I’d worked all summer in anticipation of taking a two week vacation...now. I was set to sail through the fabled Northwest Passage on a luxury icebreaker but six hours to the northern “port, if you can call it that, of Kugluktuk the ship ran aground on a large uncharted rock. Full Story
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