Gold Stocks Today » Dollar Decline

Fed to Devalue Dollar by 33%?

Chuck Butler — Wed, 08 Feb 2012 17:41:56 +0000

The currencies began to get some wind in their sails yesterday midmorning, and soon an all-out rally was taking place. The currency rally was led by the euro (EUR), just like in the old days, and the euro was getting bought like dealers were giving them away for free! Rumors of the European Central Bank [...]

Fed to Devalue Dollar by 33%? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Why Gold is Money Despite Changing Conditions

Bill Bonner — Wed, 08 Feb 2012 17:26:37 +0000

The price of gold shot up yesterday. Reports said investors were betting on another round of “quantitative easing,” aka money printing. But are gold buyers making a big mistake? Is history repeating itself? The New York Times suggests it is: As it was in 1980, could it be again in 2012? The 1980 presidential election [...]

Why Gold is Money Despite Changing Conditions originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Federal Reserve and Other Crimes Against Capitalism

Eric Fry — Tue, 07 Feb 2012 21:15:15 +0000

New York Times writer, Steven M. Davidoff, recently dubbed the Federal Reserve, “the most successful hedge fund around.” After reading the article, we concluded that Mr. Davidoff is the most creative financial writer around. As such, Mr. Davidoff may be the perfect apologist for today’s dysfunctional monetary “system.” Certainly, he possesses the cerebral alacrity to [...]

The Federal Reserve and Other Crimes Against Capitalism originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Currencies Hold Ground Ahead of Jobs Jamboree

Chuck Butler — Fri, 03 Feb 2012 17:25:54 +0000

This morning, the currencies look pretty much like they did yesterday when I left the office… There’s still the Sword of Damocles hanging over the euro (EUR), in the form of Greek negotiations to obtain help from private lenders. This has dragged on now for over two weeks, and I’ve given up on it happening… [...]

Currencies Hold Ground Ahead of Jobs Jamboree originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Who’s Still OK With Deficit Spending Now?

Chuck Butler — Thu, 02 Feb 2012 17:01:36 +0000

I had to laugh yesterday when the New York traders came in and didn’t sell the currencies right away… I said to myself, “Self, maybe the ‘big boys’ read the Pfennig and now know that I’ve uncovered their ‘game,’ so they have to lay low for a while!” HA! Whatever the case, the currencies held [...]

Who’s Still OK With Deficit Spending Now? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Greece Disappoints Again!

Chuck Butler — Mon, 30 Jan 2012 18:08:35 +0000

Here we are… The last couple of days of January… So the first month of 2012 is just about over, and already, we’ve heard the Fed push their rate forecast for near zero rates out further, and the Fed laying the groundwork for another round of QE… But… When we began the month/year, everyone was [...]

Greece Disappoints Again! originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Big Ben Discusses Another Round of Quantitative Easing

Chuck Butler — Thu, 26 Jan 2012 17:07:30 +0000

Good day… And a Tub Thumpin’ Thursday to you! I wonder what I’ll talk about today…. Hmmmm… Could it be…. The Fed meeting? Oh, you are so smart! In case you missed this yesterday, because I’m sure the major media outlets couldn’t muster up enough intestinal fortitude to do it, but the Fed threw a [...]

Big Ben Discusses Another Round of Quantitative Easing originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Currency Rally Fades in Overnight Trading

Chuck Butler — Tue, 24 Jan 2012 17:27:50 +0000

The currency/risk on rally was quite strong yesterday, all day long! However, in the overnight markets, we’ve seen some profit taking, and reassessing of what they were doing, like pushing the euro to above 1.30. I say that because there’s still no agreement with Greece and the private creditors… I keep hearing and reading analysts, [...]

Currency Rally Fades in Overnight Trading originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Home Prices Keep Falling

Chuck Butler — Mon, 23 Jan 2012 16:35:32 +0000

Good day… Should be an interesting week, as the ECOFIN people meet and Greece is still working on their debt and… this will be my first full week of work in over a month, so all in all, pretty interesting! What I also found interesting on Friday was the price action of silver… I don’t [...]

Home Prices Keep Falling originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Nearest Thing to a Permanent Thing

Jeffrey Tucker — Tue, 10 Jan 2012 21:55:13 +0000

You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene. This is because if it is a good shop, you will find the whole history of modern life on exhibit, and learn more from looking than you find in a multivolume history.

The Nearest Thing to a Permanent Thing originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.