Monday, August 15, 2016

Unemployment (cont.)

March 15, 2010 by · Leave a Comment 

By Howard S. Katz, GoldSeek Some questions were raised by my article on unemployment of last week and so I want to continue the same subject. Unemployment has become the central issue of our day and perfectly illustrates the genius of Ayn Rand in putting the spotlight on altruism as the central concept which is [...]

Unemployment

March 8, 2010 by · Leave a Comment 

By Howard Katz, Kitco Well, the train is pulling out of the station.  Gold has said goodbye to the $1,000 level and is off for northern climes.  It is not your last chance to get on board, but it is your last chance to get on board at these low, low prices.  The hard analysis [...]

Weekly Market Recap 10/23/09

October 24, 2009 by · Leave a Comment 

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Gold Bullion Investment

October 22, 2009 by · Leave a Comment 

It’s becoming painfully evident to more and more investors that resisting an economic trend is like trying to sweep back the ocean with a broom, and these investors are liquidating their paper assets in stocks and bonds, and converting that wealth into a gold bullion investment. You may notice that fewer and fewer so-called “economic [...]

Gold Bullion

October 17, 2009 by · Leave a Comment 

The record-setting gold trading days of the last two weeks have given all of us a working example of gold bullion’s short-term benefits, and although there has been substantial profit taking, other investors have diversified into a stronger, long-term position in rare coin. The gold spot price is currently receded to the $1058 level, and [...]

Boomers Have Their Backs Against the Wall

October 15, 2009 by · Leave a Comment 

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

Decline & Fall

October 12, 2009 by · Leave a Comment 

Bullion Vault Rome’s long decline, now repeated by the United States… WARREN BUFFETT famously says that people do not make money by betting against the US economy. But two years ago we decided to take a chance, writes Bill Bonner in his Daily Reckoning.“We are short the United States of America,” we announced from the comfort and [...]

A Deflation Story

October 10, 2009 by · Leave a Comment 

The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]

Weekly Market Recap 10/09/09

October 10, 2009 by · Leave a Comment 

This week, Gold broke through its all time high and set a new benchmark at $1,061.10 per ounce. Concerns about the weakened U.S. Dollar and a second economic downturn, along with increased risk of higher inflation, were the leading causes for the commodities boost this week. Other factors had an impact as well, such as [...]

Don’t Trust the Dollar Strength

October 9, 2009 by · Leave a Comment 

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

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