Sunday, August 14, 2016


May 31, 2010 by · Leave a Comment 

By Howard S. Katz, The Gold Speculator All gold bugs have fond memories of the year 1979.  In that year, the price of gold rose from $250/oz. to $600/oz.  The reason was not hard to find.  Prices in the U.S. that year rose by 13.3%.  The newspapers were screaming, “Double Digit Inflation.”  Gold was going [...]

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

October 21, 2009 by · Leave a Comment 

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]


October 12, 2009 by · Leave a Comment 

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

Gold Soars to an All-Time High

October 8, 2009 by · Leave a Comment 

The Daily Reckoning What a day for gold, yesterday! WOW! In case you were trapped in a cave and didn’t hear the news… Gold, which I said yesterday morning looked like it was going to take out its all-time high, did take out its all-time high, and not just take it out! Gold pushed past [...]

September Job Losses Soar

October 5, 2009 by · Leave a Comment 

The Daily Reckoning Well… Friday’s Jobs Jamboree disappointed as I had the feeling it would, with 263,000 jobs lost in September. The unemployment rate also rose to 9.8%… Now we all know that when all the people who are truly unemployed are counted, the unemployment rate goes to 16%, but the Bureau of Labor Statistics [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

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 [...]

Trichet Says Strong Dollar Is ‘Extremely Important’

September 29, 2009 by · 1 Comment 

By Gabi Thesing and Christian Vits Sept. 28 (Bloomberg) — European Central Bank President Jean-Claude Trichet said a strong dollar is “extremely important” for the world economy and it’s too early for the ECB to unwind emergency stimulus measures. “In the present situation it is extremely important that we can have in the framework at [...]

Pimco Says Dollar to Weaken as Reserve Status Erodes

August 19, 2009 by · Leave a Comment 

By Garfield Reynolds and Wes Goodman Aug. 19 (Bloomberg) — Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy. The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in [...]

Budget deficit tops $1 trillion for first time

July 14, 2009 by · Leave a Comment 

Federal budget deficit tops $1 trillion for first time, could reach $2 trillion by fall By Martin Crutsinger, AP Economics Writer On Monday July 13, 2009, 9:18 pm EDT WASHINGTON — The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears [...]