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Weekly Archive
By: Ty Andros, TraderView - 11 April, 2008
Wowee, things sure are unfolding quickly. Volatility is front and center as confusion reigns supreme in the broad investing public, driving them all over the place except to where they should be focusing. “Volatility is opportunity” and it is abundant, providing prepared investors with gargantuan opportunities. If you are not benefiting from it, “do more homework” or find a new advisor who does. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 11 April, 2008
-Back among the worriers…the United States is headed toward a recession, says the IMF… -A look back at a 'great' war…Lehman Bros. liquidate three of their funds… -Someone you definitely want as your next-door neighbor…the food crisis…and more! Full Story |
By: Peter Schiff, Euro Pacific Capital, Inc. - 11 April, 2008
Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic slowdown resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Full Story |
By: Adam Hamilton, Zeal Intelligence LLC - 11 April, 2008
Of all the countless investments worldwide, gold is easily the most universally recognized. From the biggest banks in premier cosmopolitan cities to the smallest vendors in this planet’s dustiest corners, everyone knows gold. This metal’s timeless intrinsic value is beyond dispute and is welcome everywhere. Full Story |
By: David Chapman, Union Securities - 11 April, 2008
On an inflation-adjusted basis, a gold basis and a euro basis, the Dow Jones Industrials has been in a bear market since 2000. Like Richard Russell says, we could see even higher prices down the road. But what inflation adjusted, gold and the Euro is telling us is that it will be merely an illusion. Full Story |
By: Adrian Ash, BullionVault - 11 April, 2008
With the Old Lady now running interest-rate policy in line with both bond-market forecasts and the government's public instructions, the net loss to cash savers only seems set to grow worse. Full Story |
By: Deepcaster - 11 April, 2008
March, 2008 saw two Major Takedowns of Gold and Silver, the apparent topping of Crude Oil, and a distinct sideways and uninspired chop for the Equities Markets. But key Fundamental, Technical and Interventional Indicators lead Deepcaster to Forecast Major Moves coming in mid or late April, 2008 in all these Markets. Full Story |
By: Gary Dorsch, Editor, Global Money Trends - 11 April, 2008
Economic events in the United States often provide a preview of what’s around the corner for the British economy. Both countries run large external trade deficits, and much like the US, the British economy has been expanding on little else than the availability of easy credit and asset price inflation in the housing market. The ties between the US and UK run even deeper. About half of the profits for FTSE companies come from overseas, and 15% from US-based affiliates. Full Story |
By: Ira Epstein - 11 April, 2008
I think gold is bottoming. In my opinion it is in the first stage of basing out once again. This time near the $900 level. There will be starts and stops, but I suspect the current low of $876.30 will hold. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 11 April, 2008
And worse yet for us alcohol-besotted worthless lushes out here, heroically keeping bartenders and comely barmaids gainfully employed year around, the price of hops, an integral ingredient in beer making, has soared from $4 a pound to $40. Full Story |
By: Rick Ackerman, Rick's Picks - 11 April, 2008
Considering how steeply the dollar has fall in recent months, we might have expected more of a bounce when the selling finally let up. Instead, since mid-March, we’ve gotten a rebound so feeble that, on the daily chart (see below), the Dollar Index has yet to exceed even a single peak recorded on the way down. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 10 April, 2008
-Entering a dangerous and troublesome period in financial history…the battle between the forces of inflation and deflation wages on… -The Liquidation War…the coming of the Greater Depression… -Cattle is no longer such a hot commodity in Argentina…what will hobble agriculture in the future?…and more! Full Story |
By: Alf Field - 10 April, 2008
Indeed, how did it happen? The onset of the world’s worst financial crisis in many decades is one of the most important factors (if not the most important factor) currently influencing investment decisions. Full Story |
By: George Cocalis, Brewer Futures Group, LLC - 10 April, 2008
Gold has finally revealed how volatile it can be by losing more than 100 points in just two days. This was a perfect example on why we took partial profit at the $937.5 level which is a number that has come into play once again as gold tries to hold and close above the $906 level as of this writing. The decline was expected, but agreed, not in such a short period of time. Full Story |
By: Bob Chapman, The International Forecaster - 10 April, 2008
We believe the demise of Bear Stearns was planned months if not years ago. The tip-off was Randal Quarles’ statements. He was formerly Under Secretary of the Treasury and it was he who led the Treasury Department’s effort in the coordination of the President’s “Working Group on Financial Markets” and is currently Managing Director of the Carlyle Group. As we explained many times before these Illuminists float from one position to another in and out of the government. Full Story |
By: Roy Martens - 10 April, 2008
Once again we have witnessed a month filled with huge volatility in all three of the equities, commodities, and bond markets. These dramatic price swings are very confusing, so much so that a lot of investors no longer know their right from their left. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 10 April, 2008
And one of the sensitive Mogambo Economic Tremor Detectors (METD) shows that the apparent slowdown in Total Fed Credit for the past few months has now been revealed as a mirage, and Federal Reserve Credit has now ballooned another $6.1 billion… Full Story |
By: Rick Ackerman, Rick's Picks - 10 April, 2008
Gold continued to claw its way higher yesterday, making steady progress since April 1 against punitive losses that had occurred, effectively, in mere hours. Look at the chart below and you’ll see the nasty downdraft that took bullion from an all-time high near $1036 in mid-March to a recent low of $876. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 9 April, 2008
-The Feds debate the 'long and short' of recession…placing bets on the Fed's next move… -Greenspan: "Non, je ne regrette rien"…the stinging reproach of a former Fed Chairman… -Dealing with future problems, today…a few worthwhile suggestions from the Philadelphia film festival…and more! Full Story |
By: Adrian Ash, BullionVault - 9 April, 2008
WELL, WHAT A BUSY WEEK for the International Monetary Fund! And it's barely half-way through (as of Wednesday). Just how busy will the IMF get when it helps host the G7 meeting of policy wonks from the world's seven richest nations in Washington this weekend? Full Story |
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 April, 2008
The South African government will give state-owned power utility, Eskom, R80 billion in funding it was announced in the annual budget on 20th February to help it boost electricity generation. Since then it is clear that Exkom will be ble to access the needed total funding of well over R300 billion [$37.5 billion] to expand capacity. Full Story |
By: David N. Vaughn, Gold Letter, Inc. - 9 April, 2008
Though many of you may find this hard to believe but I believe gold is preparing to take out new highs. Nothing has changed concerning the fundamentals and the Federal Reserve is not going to be successful in fixing the many problems at the moment. Full Story |
By: radio.GoldSeek.com - 9 April, 2008
NEW: GSR Gold Nugget with Congressman Ron Paul & Chris Waltzek Full Story |
By: Michael J. Kosares - 9 April, 2008
I cannot remember a time when the fundamentals have lined up more favorably for gold. The factors which have driven the price up over 75% over the past few years remain in place and in fact seem to be intensifying. The past, in this respect, could very well serve as prologue. Great forces, mostly benevolent, are at work in the gold market. Full Story |
By: Jim Willie CB - 9 April, 2008
The prospect of a USFed 0% rate becoming a reality has been on my mind since August when the subprime news hit. In my view, the entire mortgage bond structure would suffer massive losses in a successive of waves, beginning with subprimes, extending to primes, and concluding with commercials. Full Story |
By: Ned W. Schmidt, CFA, CEBS - 9 April, 2008
Two sets of forces work on market prices. Internal factors, or market's technical conditions, can in some periods dominate all others. The second set of forces are fundamental factors. The latter is that which is happening in the world that might influence the market. The much enjoyed rally from last summer's lows to the joyous move above US$1,000 was driven by latter. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 9 April, 2008
Half of the Fed's stash of government debt has been used up already! Yikes! And how big is the entire rest of the Fed's stash of government securities? A piddly $629 billion! Hahaha! Full Story |
By: Nadeem Walayat - 9 April, 2008
UK house prices plunged by 2.5% in March (Halifax seasonally adjusted), the fall was far bigger than estimates and points to an acceleration in the pace of house price falls across the UK. Full Story |
By: Theodore Butler and Israel Friedman - 8 April, 2008
From the beginning, I have steadfastly maintained that a silver commitment should be made for the long term, after one has done sufficient investigation into the facts surrounding the commodity. Now, more than ever, I believe that to be the correct approach. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 8 April, 2008
-The return of the cattle market…have the feds saved the planet? Doesn't seem likely…. -Someone will pay for the mistakes in our economy - and it will most likely be you… -The end is neigh for ethanol…a way for America to get close to energy independence…and more! Full Story |
By: Richard Benson, SFGroup - 8 April, 2008
Memorial Day is still seven weeks away but economically the summer doldrums have already begun in many parts of the country. Over nine hundred thousand pink slips were issued over the last year, and in March alone the BLS Household Survey of Employment reported 438,000 people would begin their summer vacations much earlier than expected. Full Story |
By: Bud Conrad and Louis James - 8 April, 2008
The first question we think most readers will want to know about is this: if the U.S. is headed for recession – if not already sliding into one – do you really think we’re facing more inflation in the near future, or could falling spending power cause deflation? Full Story |
By: Puru Saxena - 8 April, 2008
It is my firm belief that we are living in a highly inflationary world where all the central banks are recklessly inflating the supply of money and credit. Without the presence of anything tangible backing the various currencies, there is no limit to the amount of “money” that can be created by simply making credit entries in bank accounts on computer screens. Full Story |
By: Chris Powell, Gold Anti-Trust Action Committee Inc. - 8 April, 2008
Tt may be hard not to wonder if the oil states have not made a deal with the United States to continue for another two or three years their cooperation with the U.S. scheme of rigging the currency and gold markets in exchange for whatever gold is to be unloaded in the name of making the IMF solvent -- hard not to wonder whether this is not all part of an orderly hedging of the oil world's dollar exposure. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 8 April, 2008
If you think that a negative lease rate for gold is weird… You are a winner! You have won the chance to choose between the two Mogambo Doors Of Mystery (MDOM) and claim the fabulous prize that is waiting there for you! Full Story |
By: Rick Ackerman, Rick's Picks - 8 April, 2008
Sometimes the new media have a way of making even savvy guys sound dumb. That may have been the case yesterday in a Wall Street Journal story that attempted to explain why a 120-point rally in the Dow completely evaporated by the final bell. Full Story |
By: Bill Bonner & The Daily Reckoning Crew - 7 April, 2008
-The real problem with the inflation/deflation battle…when your farthings aren't worth what you thought… -Which way will this tug-of-war go?…the end of a 28-year long road…the trouble with food… -Dismembering the financial sector…the loose mores of the U.S. financial system…and more! Full Story |
By: Darryl Robert Schoon - 7 April, 2008
Gold’s recent sell-off from a high of $1033 has sent once jubilant gold investors to the sidelines to reassess gold’s present malaise. Rest assured, gold is going higher, much higher. While there will be corrections along the way, gold will someday break out and explode upwards towards yet to be reached heights. Full Story |
By: James West, The Midas Letter - 7 April, 2008
Let me state at the outset the thesis of this essay: Gold remains the only standard by which the global financial system’s currencies can uniformly be measured throughout history, and is indeed the most basic and reliable benchmark of value for everything from commodities to T-bills. Full Story |
By: Captain Hook, Treasure Chests - 7 April, 2008
Applying this knowledge to the larger picture then, and to further borrow from previous work attached here, if gold is preparing to head over the $1,000 on a more permanent basis later this year, then it’s a fair assumption the Dow should correspondingly be heading south to towards the 10,000 mark at some point as well, where it’s anticipated the next significant support for the Dow / Gold Ratio will come in at approximately 10, the round number. Full Story |
By: Howard S. Katz - 7 April, 2008
The argument for gold now is the same as it was in the early 1970s. Gold, and other commodities, are coming off a giant oversold condition. Over the ‘70s, gold multiplied by a factor of 25 times. What will happen during this swing of the pendulum cannot, as yet, be predicted. But it is likely to be quite similar. Full Story |
By: David Galland, Managing Director, Casey Research, LLC - 7 April, 2008
This week finds me writing from Room 2218 of the infamous Jekyll Island Club. The hotel’s adjective comes from a secret meeting held here in 1910 involving some of America’s most powerful men. Here’s an official history of that seminal event… Full Story |
By: Boris Sobolev, Resource Stock Guide - 7 April, 2008
The cyclical bear market in equities, which is around 6 months old, is still far from being over. Problems caused by the real estate bubble, which are now permeating throughout the entire US economy, cannot be solved quickly. Full Story |
By: Clive Maund - 7 April, 2008
Even though gold may react back to the $830 - $850 area in coming weeks or over the next month or two to complete its corrective phase, the underlying forces driving its bull market remain intact, the primary one being the general massive expansion in the money supply, not just in the US but worldwide, fuelled in the US by the need to service careening deficit spending and bailout banks etc and overseas by competitive devaluation, whether officially acknowledged or not. Full Story |
By: Jason Hommel, Silver Stock Report - 7 April, 2008
Life is unfair. We are all being tested, all the time, on things that "are not on the curriculum" that nobody may have taught us. How unfair! Often we are tested on things that we have no way of knowing! Scary, but true. But the sooner we realize those facts of life, the better off we will be! Full Story |
By: Thomas Tan, CFA, MBA - 7 April, 2008
Barron’s at last weekend’s issue has a cover article talking about a commodity bubble. Don’t get too scared by it. First of all, a cover article like this saying three is a bubble usually means it is not a bubble yet, from a contrarian perspective. Full Story |
By: Clif Droke - 7 April, 2008
I’ve purposely kept my comments concerning the credit crisis at a minimum since it began dominating the daily news headline. My reasoning for this is because I knew the crisis was overblown and overstated in the press and that there had to be a very good reason for it. The only problem is I didn’t know exactly what the reason was. Full Story |
By: radio.GoldSeek.com - 6 April, 2008
1st Hour: Headline news & market forecast. Spotlight Picks with big dividends. The International Forecaster and Chris Waltzek answer listener questions. 2nd Hour: -Bill Murphy of GATA & LeMetropole Cafe -Byron King of Outstanding Investments Full Story |
By: Jason Hommel, Silver Stock Report - 6 April, 2008
That's the trouble with futures and options; you are trying to invest and control what you don't own. You are not taking dominion over what you have, you are trying to take dominion over what another has. Full Story |
By: John Mauldin, Millennium Wave Advisors - 6 April, 2008
There is so much that is happening each and every day as the Continuing Crisis moves slowly into month 8, so much news to follow, so many details that need to be followed up that it can get a little overwhelming. Where to begin? Full Story |
By: Dan Stinson - 6 April, 2008
The action has been very corrective for the USD and Crude indicating that a brief new high for Crude and a brief new low for the USD is expected. We can confirm that a triangle pattern is in play if we see a bounce off the trendlines at the wave (D) intercepts. Full Story |
By: Douglas V. Gnazzo - 6 April, 2008
Gold was down -1.77% for the week, with GLD closing at 90.25, down -1.63 points. Price is sitting on top of its lower trend line, and appears to be getting ready to break below. Full Story |
By: Richard Daughty, The MOGAMBO GURU - 6 April, 2008
In short, apparently these countries need the price of oil to stay high to pay for their welfare expenses…which means that they will necessarily be raising oil prices again pretty soon… Full Story |
By: Rick Ackerman, Rick's Picks - 6 April, 2008
We expect home prices to fall by at least 70 percent before the “subprime mess” has run its course in perhaps 7-8 years, so Wall Street’s recent show of exuberance would appear to be premature. Case-Shiller estimates that home values have fallen 11 percent in the last 12 months, but that would imply prices have only barely begun their slide. Full Story |
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