Sunday, July 28, 2013

Beware Fortune’s Gold Warning

October 8, 2009 by · Leave a Comment 

It was hardly a surprise to see a Wall Street mouthpiece come out with an anti-gold attack on the day that gold reached a new, nominal record-high. What is a surprise is how utterly pathetic was this counter-attack. For those that missed it, Fortune magazine put out a piece yesterday titled “Beware the Gold Bubble”. [...]

Red October

October 3, 2009 by · Leave a Comment 

The Daily Reckoning Uh oh…maybe it will be a Red October after all… Two important things happened yesterday, both of which cast a crimson light on things. First, the Dow dropped again; it has only gone up one of the last 7 days. It went down 203 points. Could be nothing. Could be something big…the [...]

Precious Metals: where “buy and hold” is NOT dead

October 2, 2009 by · Leave a Comment 

It’s not surprising that investors who are interested in precious metals are continually looking for commentators who will provide them with short-term “calls” on the prices for precious metals. I generally resist playing that “game” – for that is precisely what it is. No one knows what precious metals markets are going to do over [...]

Inflation is Our Future

September 30, 2009 by · Leave a Comment 

The Daily Reckoning On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention [...]

Gold is a "happening" investment choice

September 30, 2009 by · Leave a Comment 

Gold is soon to be the investment of choice, thanks to a series of factors, it has been claimed. A variety of international occurrences have made the precious metal the next "asset bubble", according to a report from Gold Investing News.The news feeds on this site are independently provided by Adfero Limited © and do [...]

What Causes a Depression?

September 29, 2009 by · Leave a Comment 

The Daily Reckoning It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How [...]

In Search of a One-Armed Economist

September 29, 2009 by · Leave a Comment 

The Daily Reckoning How are we doing? Our Trade of the Decade, that is? Yesterday, gold took a big dip down – minus $15. It closed under the $1,000 level. Now we’ll find out if the Chinese are supporting it at $1,000…or not. If so, it should soon bounce back. If not…well, who knows? But [...]

Thank the Fed For Your Lack of Purchasing Power

September 23, 2009 by · Leave a Comment 

By The Mogambo Guru In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why Doug Noland, in his Credit Bubble Bulletin, asks “what about an exit strategy? Well, I see a ‘No Exit’ sign. These distortions have been going on for too many [...]

The Government-Based Economy

September 15, 2009 by · Leave a Comment 

By The Mogambo Guru I really got a laugh out of the report from Bloomberg that the Democratic Party of Japan (known in the parlance as DP) won an historic victory in the recent elections, coming to power for the first time in decades with “a pledge to support households battered by two decades of [...]

Debt for Dividends

September 15, 2009 by · Leave a Comment 

By The Mogambo Guru In another episode where the comics page eerily mirrors real life, a recent “Garfield” cartoon has Garfield confronting a resident rat who has been taking cheese, but leaving IOUs, from the “cheese drawer” of the refrigerator. Garfield threateningly says to the rat “Stop with the IOUs” and the rat calmly holds [...]

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