Boasting of Glory

By John Browne, GoldSeek Last week, to the delight of its media cheerleaders, the government announced that economic growth had returned and the recession had ended. But before we start celebrating one quarter of modest growth, we should realize the only force driving this apparent recovery is an enormous increase in government spending. To finance [...]

Gold Touches a New Record

The Daily Reckoning “Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune. Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Well, what do you expect? The United States added $1 trillion to its monetary [...]

Is Cash-for-Clunkers Our Economic Future?

By Rick Ackerman, GoldSeek Although we had vowed to let the by-now tiresome inflation vs. deflation debate simmer for a while, it came to an unexpected boil last week after some provocative comments were posted by “Senor Cuidado” in the Rick’s Picks forum. Like us, the Senor finds it difficult to imagine how all of [...]

Is U.S. ‘cash for clunkers’ program salvaging metals prices

Since the U.S. car scrappage scheme started last month, the spot price for aluminum is up 11%. palladium has increased 5% and platinum’s up 6%. Read more….