Good day… And a Marvelous Monday to you! Congrats to the fans of the Big Blue, NY Giants, who are the Super Bowl Champions, after a very entertaining game. It’s very foggy out this morning here in St. Louis, reminds me of the time my beautiful bride and yours truly were driving home from Des Moines to St. Louis and a very dense fog was everywhere… Not wanting to stop, I cracked the car door open and kept an eye on the white line, which would keep me on the road… Thinking back now, that probably wasn’t a very safe thing to do, eh?
[Read more...]Gold Junior Mining Stocks Poised to Rebound
February 4, 2012 By Leave a Comment
Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off.
The Gold Report: What is the consensus among Haywood analysts on what 2012 will bring for mine commodities, particularly precious metals?
The Fed’s BFF
February 4, 2012 By Leave a Comment
Cheap money was trending long before "the" Facebook lost its article and 845 million people lost the rights to their lives...
The U.S. FED'S status update last month about how it still loves cheap money always and forever was sure to work magic. Even if the pixie-dust did blow straight past output, incomes and capital formation.
U.S. January Employment Situation Shows Widespread Improvement, but Short of Full Employment Mandate
February 4, 2012 By Leave a Comment
Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009.
Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December
U.S. Non Farm Payrolls Interesting Market Divergences
February 4, 2012 By Leave a Comment
NFP printed 243K, higher than forecast. As expected markets took out all resistance's and moved to the almighty important level of 1345/50.
Key highlights from NFP report
Gold and Silver Mining Stocks Tops Might Be Just Around the Corner
February 4, 2012 By Leave a Comment
This December gold prices swooned by more than 10 per cent in their biggest monthly fall since the collapse of Lehman Brothers. For some insecure gold investors it was like a bad dream. They were happy to wake up to a bright, crisp January whose performance was more than enough to warm the heart of any gold investor. It was the metal's strongest starting month in 32 years giving a resounding answer to those who wondered if the 11-year rally in gold had ended (and they always seem to come out of the woodwork every time gold experiences a correction.)
A Crisis in Worthwhile Opinions of Capitalism
February 3, 2012 By Leave a Comment
The Financial Times has continued its series on ‘Capitalism in Crisis’ much longer than we expected. Longer than seems decent, actually. The crisis will be over before the series ends.
Each of the Davos-list celebrities to write on the subject basically ‘talks his own book.’ The politicians tell us that they can fix what is wrong with capitalism. The regulators want more regulations; do-gooders urge us to rely more on good works. The economists have their economic solutions. The entrepreneurs put their faith in can-do hustlers.
[Read more...]Banking on Your Phone
February 3, 2012 By Leave a Comment
America has lagged behind much of the world in terms of digital wallets. Elsewhere, people routinely use phones instead of credit cards. There are several reasons for this.
Partly, it is because North America saw mobile phones so early. When other regions finally rolled out mobile phones, infrastructures were more modern. The larger reason, however, is that there is so much at stake.
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How to Prolong an Inevitable Market Correction
Last week came and went. As near as we could tell, nothing was settled. The trends in motion stayed in motion… No end in sight.
On Friday, Americans were still convinced that they were never going broke. The Europeans were still squabbling about how they were going to keep from going broke And the Japanese were telling each other that going broke wouldn’t be so bad.
[Read more...]