America’s Real Estate Burden Ensures Inflation

The Obama administration and the US Congress have together made inflation the real monetary policy of the United States. While pundits and talking heads focus on the bailouts and loan packages, they're missing the bigger picture. It isn't what the US government outright purchased (stock, debt, and real estate paper), but it's what the US government is guaranteeing that will make all the difference. (more...)

Gold & Silver Daily: Pool Accounts: Why You Should Get Physical Gold – Mar 12, 2010

Pool Accounts: Why You Should 'Get Physical' Instead I wouldn't read a thing into Thursday's trading activity in the gold market anywhere on planet earth yesterday. The high of the day, if you wish to dignify it with that name, occurred shortly before 10:00 a.m. in Hong Kong yesterday morning. The price was around $1,112 spot. There were some reasonably wild gyrations in the gold price starting at 8:30 a.m. in New York... but, if you check the dollar chart further down, you'll see that this action was almost entirely dollar related. Gold's low for Thursday [$1,099.50 spot] was at the London p.m. gold fix which occurred around 10:00 a.m. Eastern time [3:00 p.m. in London]. Then, from the London p.m. fix onward, gold gained back about $10 as the dollar drifted gently lower. (more...)

How Rich Investors Buy Insurance

[FONT=Verdana, Geneva, sans-serif][SIZE=2][B]By Matt Badiali, editor, S&A Resource Report [/B][/SIZE][/FONT] Friday, March 12, 2010 In July 2007, I was sitting in the Fairmont Hotel in Vancouver, British Columbia, talking to Rick Rule, founder of Global Resource Investments. Rick is one of the most important resource financiers in the world... and he has an extraordinary eye for value and investment safety. (more...)

American Investors Shun Stocks?.. Elite Retreat? McCain Drops Diet Bill

American Investors Shun Stocks? Friday, March 12, 2010 - by Staff Report Investors often flee the stock market and then jump back in, but too late for their own good. The evidence of the past year fits the pattern: New money coming to stock mutual funds has been negligible even as returns have been among the best on record. An influx into stocks in the coming months would suggest investors once again waited too long. They have reasons to be cautious, of course, While the market is up almost 70% in the past 12 months, many mutual funds are still below their pre-crisis peak. "There's still some sensitivity to how much was lost [in the bear market] – investors are still opening their 401(k) statements and seeing losses," said Todd Rosenbluth, mutual-fund analyst at Standard & Poor's. The question is whether the losses were so big that they scared investors away from stocks not just for the next few months, but also for years. "I don't know if we're seeing ...

LGMR: Gold Up, Dollar Down as Paulson & George “Bubble” Soros Further Extend Exposure

London Gold Market Report from Adrian Ash BullionVault 09:05 EST, Fri 12 March Gold Up, Dollar Down as Paulson & George "Bubble" Soros Further Extend Exposure THE PRICE OF GOLD rose versus a falling US Dollar Friday morning in London, recovering one-third of the week's earlier 3% drop as world stock markets crept towards new multi-month highs. (more...)

Stocks Are on the Fence Waiting for Inflation and / or Earnings

This technical analysis video of the Dow Jones Industrial Average suggests that the stock market doesn’t know exactly what it wants to do, and is poised to make a substantive move in one direction or the other. How’s that for a commitment? Welcome to the wonderful world of charts, graphs, and moving averages! (more...)

European Debt Crisis Politicians Blaming the Short Selling Messengers

Okay, stop me if you’ve heard this one … You have an entity that took on too much debt. It cooked its books. It failed to get its fiscal house in order. Its “executives” repeatedly refused to take the necessary steps to rein in risk.

Lehman’s Collapse: Executives and Accountants Faulted

An article by Francesco Guerrera, Nicole Bullock and Henny Sender at ft.com discusses a report by the court-appointed examiner Anton Valukas looking into the collapse of Lehman Brothers (LEHMQ.PK) in September of 2008. The article says: [INDENT]The hard-hitting report found evidence that Mr Fuld and Christopher O’Meara, Erin Callan and Ian Lowitt, who were chief financial officers of Lehman during its last days, failed to disclose the use of an accounting device that enabled the bank to hold $50bn off its balance sheet in both the first and second quarter of 2008. [/INDENT]Citigroup (C) and JP Morgan Chase (JPM) are also reported to have contributed to the collapse by pressuring Lehman for collateral in the final months. (more...)

The Economic Stimulus Scam

Antony P. Mueller writes: The recent improvement of the global economy, with particularly high economic-growth numbers for the United States, is just one more deception in a long series of deceptions that have plagued policy makers and investors. While official statistics register a rising gross domestic product, the long-term production potential of many economies around the world is actually contracting. The present economic expansion is brought about by massive stimulus policies. This kind of economic expansion does not constitute genuine economic growth.

Continental Minerals Buy Recommendation

The following is automatically syndicated from Grandich's blog. You can view the original post here March 12, 2010 07:00 AM Stay up to date on Grandich's MODEL PORTFOLIO. He is constantly updating it! BI Research has been around for decades. KMK management has forwarded me this comment by BI Research on KMK. (more...)

What The Lehman Report Proves: Financial Insolvency

Market Ticker - Karl Denninger View original article March 12, 2010 05:21 AM The Lehman Report on which I wrote last night regarding deeply troubling issues surrounding the Lehman Bankruptcy, has laid bare some very ugly facts relating to our financial system, corporate governance, and our government's active complicity not only in the Lehman collapse, but in ongoing balance sheet shenanigans and the current investment picture. (more...)

Gold Up, Dollar Down, as George Soros Buys More Gold

THE PRICE OF GOLD rose versus a falling US Dollar Friday morning in London, recovering one-third of the week's earlier 3% drop as world stock markets crept towards new multi-month highs. Crude oil also rose, pushing above $82 per barrel after the International Energy Agency called January's jump in China's energy demand – up by 28% – "astonishing".