By: Peter Schiff, Euro Pacific Capital, Inc. - 12 February, 2010
Over the past three or four years a strange phenomenon has developed in the global investment markets. With some exceptions, many asset classes, in particular domestic and foreign equities, commodities, and foreign currencies have tended to move in the same direction on a day to day basis. The mega-correlation has lasted so long that most now take it for granted. This leaves investors with relatively simple choices: when to get in to the market in general and when to park assets in cash and U.S. Treasuries. Full Story
By: Jeff Clark, Editor of Casey’s Gold & Resource Report - 12 February, 2010
Many conventional U.S. brokers are relatively clueless when it comes to gold stocks. If you asked them to name one, chances are it would be a domestic producer, one with assets located primarily in North America. But that’s not where the big money will be made over the next decade. Full Story
By: Daniel Aaronson and Lee Markowitz - 12 February, 2010
Investors should not assume that U.S. equity markets are falling only in sympathy with Europe’s financial problems because the spreading sovereign credit problems in Europe are similar to those faced by municipalities, states and the U.S. Government. Full Story
By: David Coffin & Eric Coffin, HRA Advisories - 12 February, 2010
The January market dip was focused on profits taking. Good results in various sectors brought selling, but not sell-offs. It is evidence that caution still reigns at the start of the new decade and isn’t really saying much else, for now. It does indicate wealth preservation after the ‘08 Crunch is, and likely will continue to be, the focus of “Boomers” who are nearing the end of their working lives. How long they are good with clipping low interest coupons is the next question on the table. Full Story
ISN'T GREECE marvellous? Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s' Hong Kong. But public spending, however, accounts for 40% of GDP. So who financed that spending if so few people paid? Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 12 February, 2010
In recent months, the US dollar has been surging higher. This impressive strength is a radical change from last year’s relentless grind lower. Across the globe, the majority of analysts expect this run higher to persist for a variety of reasons. This prospect is troubling traders of commodities and commodities stocks. Full Story
By: The Gold Report and Siddharth Rajeev - 12 February, 2010
As investment demand for gold—including its attraction as a preservation asset—diminishes in a recovering economy, Siddharth Rajeev, vice president of research for Fundamental Research Corp., suggests the price may dip back to the $750 neighborhood by 2012. Full Story
It is too early to say when will the next top materialize, as currently much depends on the main stock indices. For now, it seems that the general stock market will consolidates for some time, which will allow PM stocks to rally along with higher PM prices. Full Story
In a recent issue of Barron’s addressed the question of silver possibly having another outperformance in the coming year. The article asks, “Will the poor man’s gold shine in 2010?” The opinion piece (“Gold Isn’t All That Glitters,” by Allen Sykora) drew attention to the other white metals, platinum and palladium, and made a case for a strong recovery in global demand for these metals along with silver in the year ahead. Full Story
Investors and Traders should take note! China’s Funds Managers are very savvy. The Chief Investment Officer, Mr. Zhu, was until recently head of hedge fund operations for U.S. financial giant PIMCO. Full Story
This is also why, from an investment standpoint, your editor is not perturbed by a near-term weakness in gold. To the degree that the gold price falls (and the dollar rises), we are witnessing a giant geopolitical chess game in progress. The endgame, when it comes, will look very different. Full Story
News junkies, currency buffs, and economists of an Austrian tilt have been having quite an entertaining few weeks. Between massive blizzards from Virginia to New England, another baseless Dollar rally, and the hilarious notion that a little Greek debt could unwind the Euro, there certainly has been plenty to talk about. Full Story
By: Trace Mayer, J.D. and John Rubino - 12 February, 2010
The stock market, especially in the U.S., has had a really nice run from the 2008 bottom. It’s up about 65% overall. Just that by itself will tell you that a correction is coming, but at the same time we’ve got a lot of big bombs waiting to off out in the world. Full Story
By: Andrew Mickey, Q1 Publishing - 12 February, 2010
Fears of a Greece debt contagion are starting to wane. At this point it looks like the cash will be handed over to Greece and in return he Greek government will make some promises to slash spending over the next three years which, of course, will never materialize. But hey, that’s long-term and this is Wall Street. Full Story
When psychologists evaluate human behavior, one of the most prevalent observations regarding any activity is the all too often flawed basis of perceived versus realistic outcomes that dictates our every action. As imperfect creatures, we tend to construct theories that conform with our worldview, which are subsequently reinforced by our confidence (or lack thereof) in the future. Full Story
Let’s face it, the government-bond market in the West is a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money like there is no tomorrow. Furthermore, under the guise of quantitative easing, their central banks are buying their own newly issued debt! Full Story
There are still some people around today who were devoted gold advocates back in the 1970s and 1980s. I am one of those persons and I distinctly remember how the Rothschild Cabal ripped me and many others off by manipulating the price of gold profoundly in those years. Full Story
By: Rick Ackerman, Rick's Picks - 12 February, 2010
We’ve got some explaining to do, since some readers evidently took yesterday’s commentary – “A Cautious Bernanke Finally Gets It Right” -- as a paean to the Fed chairman. In fact, we feel quite strongly that America and the rest of the world would be much better off if he’d renounce his role as a policymaker and return to Princeton, there to pursue the harmless, bumbling life of a tenured professor. Full Story
By: Charles S. Brant, Energy Correspondent, Casey Research - 11 February, 2010
The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask? Full Story
By: The Energy Report and Chris Potter - 11 February, 2010
For environmental, financial and political reasons—not to mention to satisfy an energy-hungry world—Northern Border Capital Management founder Chris Potter sees some interesting opportunities for investors in alternative fuels on the horizon. One of his picks is a company using plasma gasification technology to produce clean-burning fuels. Full Story
"GEORGE SOROS warns gold is now the 'ultimate bubble'," ran the Daily Telegraph headline. What Soros actually said was: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold." Full Story
The Dubai Multi Commodities Centre has proposed that the UAE Central Bank issue gold coins that will be legal currency for the first time in the modern history of the Middle East. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 11 February, 2010
The European experiment with a trans-sovereign currency is facing its first acid test. The flashpoint today is Greece, which looks set to default on its debt barring some outside intervention. While many commentators have been squawking about the immediate crisis as if it were the end of life on Earth, I would like to zoom out and discuss the history and longer-term outlook for the euro and its parent, the European Union. Full Story
It seems that, once again, former Fed Chief Alan Greenspan has grown tired of listening to his critics who have increasingly laid blame at his feet for the inflation of (and, more importantly, the subsequent bursting of) the nation's housing bubble a few years back that led to a credit market melt-down shortly thereafter and the ongoing global financial mess. Full Story
By: The Gold Report and Louis James - 11 February, 2010
To borrow (and stretch) his metaphor from the healthcare arena, Casey Research Senior Editor Louis James sees the patient remaining in grave condition despite massive infusions and life-support systems running full throttle. In this Gold Report exclusive, Louis goes back to Economics 101 to argue that recovery calls for accumulating capital to invest—not amassing staggering debt and attempting to spend your way out of trouble. Full Story
By: Ira Epstein, The Linn Group - 11 February, 2010
I believe that gold is moving down in an attempt to establish a new trading range. At this point in time it looks as though the April Gold Contract is trading in a range of approximately $1100 to $1050. Full Story
By: Rick Ackerman, Rick's Picks - 11 February, 2010
The stock market often swings wildly on insignificant news, but yesterday Wall Street appears finally to have taken some real news in stride, flatlining in response to one of the most delicately and judiciously worded speeches we’ve heard from Mr. Bernanke since he took office. Full Story
By: Richard Daughty, The Mogambo Guru - 10 February, 2010
I was leisurely looking out of the periscope of the Mogambo Bunker Of Paranoid Fear (MBOPF), using it not as an aiming device with which to direct a devastating firepower at enemies both real and/or imagined, but to look in pity at the faces of all the people passing by, and muttering disrespectful things to myself about each one, like, “Enjoy that new car, fatso!... Full Story
By: Bob Chapman, The International Forecaster - 10 February, 2010
The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. Full Story
The euro is the focus of attention these days. This is because of a fiscal crisis in Greece, and looming crises in Portugal and Spain. Italy could follow. What is the problem? Greece is running a huge deficit in the range of 12.7% of its Gross Domestic Product. The investment world regards a deficit of this magnitude as unsustainable. There are rumors of default. Full Story
By: Andrew Mickey, Q1 Publishing - 10 February, 2010
The correction in gold prices has clearly unnerved many of the newly-minted gold bugs. The simple fact gold is not going up $20 a day has sent the “hot money” running for the exits. Investors willing to wait out the passing storms and keep their eyes on the big prize, however, are going to do exceptionally well. Full Story
Although few have seen hyperinflation in their lifetimes, it can and does happen. In one of the most cited cases, the Continental currency of the United States was inflated into oblivion. In fact, the value was so diminished that towards the end of its short life, few merchants accepted it. Full Story
By: Rick Ackerman, Rick's Picks - 10 February, 2010
The terms of Germany’s proposed bailout of Greece were sketchy at press time, but you can bet that the sums involved will not be covered with hard cash. Rather, it is “financial guarantees” that will be used to shore up Greece’s finances, much the way the more nebulous “guarantees” of the U.S. Government have come to buttress practically every piece of worthless paper held by an American bank. Full Story
By: David Galland, The Casey Report - 9 February, 2010
The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty member himself, knows, we’re very selective with our speakers. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate. Full Story
With a bail-out of Greece apparently imminent and everyone drawing parallels between the PIGS countries and the Wall Street firms that nearly cratered the global economy in 2008, this might be a good time to ask why each year seems to bring a new set of financial basket cases requiring taxpayer cash. Full Story
Adrian Day, President of Adrian Day Asset Management, says that despite hitting yet new highs near the end of the year, there is much further to go for gold and gold stocks. In this excerpt from a recent article, Adrian reviews the resource markets and looks ahead, particularly to gold. Full Story
This so called recovery is problematic and now it is slowly entering a new dangerous phase. Bank losses have now been eclipsed as the major issue as sovereign debt emerges in a more sinister manner. This is only part of the problem and it will be overcome in the short term leading to resumed market growth. The real problem is the debt cycle and the emerging sovereign default concerns are showing us the future. Full Story
For some nine years I have been predicting that the economy is going to a recession morphing into a depression, using a purely theoretical argument. The essence of my argument is that the open market operations of the Fed cause a protracted decline in interest rates which is responsible for the hard-to-detect capital destruction affecting the financial sector no less than the productive sector. The immediate cause of the depression is the destruction of capital. The ultimate cause is the monetary policy of open market operations. The chain of causation is as follows. Full Story
Historian David Hackett Fisher describes this passing era as the period of Victorian Equilibrium. England’s Victorian Equilibrium, however, was built on banker’s credit, a foundation of sand; and like the story of Cinderella where the carriage turns into a pumpkin at midnight, the banker’s credit has now turned into defaulting debt and the fairy-tale world it built is collapsing. Full Story
By: Rick Ackerman, Rick's Picks - 9 February, 2010
With the correction in gold prices now entering its third month, bulls would do well to take the long view. Compared to the gut-wrenching grind to hell in 2008, the current consolidation has been a piece of cake. Since hitting a record high of $1229 in early December, the price of an ounce of gold has fallen $185, representing a decline of 15%. In comparison, the 2008 correction amounted to a full-blown collapse. Full Story
By: Sol Palha, Tactical Investor - 8 February, 2010
Looking further down the line (7-12 months ahead) there are going to be many opportunities in the commodity's sector as the world’s central governments are going to continue to destroy their currencies. Furthermore, supplies of many key commodities are declining across the board. The precious metals sector is certainly going to shine strongly over the long term as central bankers are creating new money at a mind numbing rate. Full Story
By: Richard Daughty, The Mogambo Guru - 8 February, 2010
Being absolutely Frightened Out Of My Mind (FOOMM) about inflation, I am always looking at how much things cost and seeing if there is any inflation, so that the next time somebody tells me that inflation is “tame, benign, absent, nothing to worry about”, I can shake my proof in their stupid little faces and say, “Oh, yeah? Then what do you call this, ya moron?” Full Story
By: Dr. Ron Paul, U.S. Congressman - 8 February, 2010
Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more than a year since the last debt limit increase, and graphs showing the debt limit over time show a steep, almost vertical trend. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 8 February, 2010
The U.S. dollar was up last week against the euro out of fear of how debt problems in Greece and elsewhere in Europe will be resolved, and as a result gold had a tough week. The dollar’s rally appears to be a short-term safe haven move, rather than a response to improving economic conditions in the U.S. Full Story
Major stock market indices put in outside weekly reversals last week, which is a bearish technical indication the intermediate-term trend may have finally rejoined the primary forces that would see prices far lower were it not for official intervention. And although this intervention is now getting talked about in the press in a more intelligent fashion, even if only on a very limited basis, it should be understood most remain oblivious to what makes the stock market world go round. Full Story
We are currently seeking a full time webmaster and server administrator to provide website support services. This will include server and database management, software maintenance along with site monitoring and development support. Full Story
Needless to say, Thursday was nothing short of an orgasmic day for Gold bears and Dollar bulls. The precious metals complex crumbled along with the Euro, while the greenback was higher. In fact, it was such a bad day that Gold officially lost its safe-haven status, according to CNBC[1]. This was also noted by Elliot Wave[2] and The Business Insider[3]. All proclaimed that Gold was no safe haven. Full Story
Gold’s action was scary last week – for all those who focus only on the short term. But these are precisely the people who cannot see the big picture. And because they cannot see the big picture they cannot predict the big move. And the big money, I remind you, is made in the big move. Full Story
The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective economies, leading to record deficits. Now everyone appears surprised that weaker countries are having difficulty financing their largesse. Full Story
Having read all of the Berkshire Hathaway Chairmen’s letters I can attest that there are many pearls of investing wisdom contained therein. I prefer to keep my capital safe and not dependent on insolvent banks, which are barbarous relics compared to digital gold currency, in order for my checks to clear. Just look at the FDIC failed institution list. Nevertheless, the Great Credit Contraction grinds on and it appears the next round is imminent; a Laboon is coming. Full Story
By: Rick Ackerman, Rick's Picks - 8 February, 2010
The stock market’s miraculous recovery in the final two hours of Friday’s session could have made one lose sight of why stocks were down in the first place. Come to think of it, why were they down? Investors began the the day supposedly concerned about whether Greece might have to hock the Acropolis to buy time from creditors. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and listener's questions. 2nd Hour: -Steve Forbes, How Capital Will Save Us & Forbes.com -Robert Prechter, Conquer The Crash -Peter Eliades, Stockmarketcycles.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 February, 2010
The gold market has fallen dramatically in the last few days. Where will the gold price go now? You will have a large amount of Technical commentary at hand to tell you and the bulk of this will point downwards. Is that enough to make the market follow their predictions? Full Story
Public and private debt will be printed up out of thin air and used to replace the bad private and public debt plaguing the financial world. As the insanity progresses, more and more will turn to Gold. Whether we are headed for an implosion that is deflationary, inflationary, or both, confidence in our current financial system will become mortally wounded. Full Story
By: Bob Chapman, The International Forecaster - 7 February, 2010
As we have been forecasting for the last two years, the second wave of mortgage defaults and foreclosures will hit the economy this year. Not only will we have failure in prime loans and option-arm loans, but we are faced with a new crop of subprime and ALT-A loans put into motion by Fannie Mae, Freddie Mac, Ginnie Mae and FHA. In addition, we find it of great interest that the FHA is changing the rules to purchase homes. That, of course, means less homes will be purchased. Full Story
By: John Mauldin, Millennium Wave Advisors - 7 February, 2010
Should Greenspan and Bernanke have seen the bubble in housing and other assets and acted, or should we accept their defense that you can't know whether there is a bubble until after the fact? We will look at research that suggests they should have known, and, at the least, policy makers should no longer be allowed to say, "How could I have known?" Full Story
It was intriguing to watch the Feng Shui masters talking financial markets on CNBC, leaving aside the guy who first said markets looked bad for 2010 and at the end of the interview said with equal conviction that markets looked good. Full Story
The information revealed this past week suggests that the US’s problems are slowing and possibly about to take a turn for the better. At least that’s what the establishment would have you believe. Full Story
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