Posts Tagged ‘Gold’
I was laid out on the couch, which I remember distinctly because my wife was yelling, “If you’re going lay down on the couch instead of doing something around the house to help me out, at least take your damned shoes off!” and I was using the remote to idly flip through the channels on TV, hoping to catch something in the vein of happy mindlessness, maybe something in the Gilligan’s Island-Bewitched genre, so that I did not have to keep track of a complicated plot and/or a bewildering cast of multi-faceted characters.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:betting agains the majority, Debt and Deficit, Dollar Decline, Featured, Gold, gold investing, Greek debt crisis, IMS, Inflation, inflationary monetary policy, investing in gold, monetary policy, SFD, The Mogambo Guru, TOBFT
Here we go again. Markets have caught a chill after signs of inflation fever in China. And that’s not even the half of it. Let’s dive in…
Consumer price inflation in China hit a 16-month high in February – a 2.7% year-over-year increase. China’s National Bureau of Statistics was quick to put out a statement reassuring everyone that “price rises this year will be moderate and controllable,” but that’s not enough to calm traders looking for excuses to feel jittery.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Addison Wiggin, bailing out of gold, Chinese consumer price inflation, Chinese gold holdings, Chinese gold reserves, Chinese holding of US debt, Debt and Deficit, Dollar Decline, Featured, Gold, US budget deficit
Stocks up, gold down.
Once again yesterday, investors demonstrated their preference for paper over the shiny yellow metal. The Dow Jones Industrial Average notched a slight 3-point gain, while gold tumbled about $17 an ounce.
This divergence between stocks and gold is not enormous, but it is telling. Most investors believe the credit crisis is a mere memory, and that an economic recovery is underway.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Banking, China gold purchases, Commodities, Debt and Deficit, Dollar Decline, emerging markets, Featured, Fed-induced recovery, Gold, gold bull market, gold investing, IMF gold sales, India gold purchases, investing in gold, The Daily Reckoning
During World War II, there was a saying, that, “loose lips, sink ships”… I think Greek Prime Minister, George Papandreou, should have taken those words to heart yesterday… You see, the currencies, led by the beleaguered euro (EUR), were rallying, and the single unit was nearing 1.37, when Papandreou made a statement that sunk the rally’s ship… He said, “Greece’s debt problems could soon spread to the rest of Europe and mean a weaker euro”
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:AUD, Aussie dollar decline, currencies, currency trading, Debt and Deficit, Dollar Decline, EMF, EUR, euro price, Euro Strength, European Monetary Fund, Featured, Gold, gold price, Greece debt problems, Greek bailout, JPY, The Daily Pfennig, U.S. credit rating, US credit outlook
After a relatively quick run up in the value of gold, when’s a good time to consider taking another look? Recently, the Wall Street Journal examined the junior miners, and the good opportunities there may be for investors interested in wisely timing stock purchases of early-stage firms.
From Wall Street Journal:
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Commodities, Discovery, DR EXTRA!, early-stage firms, exploration, Featured, Gold, gold deposit, junior miners, Markets, production, rich vein of gold, Rocky Vega, U.S. Global Investors, value of gold
In a recent conversation with a fellow gold analyst, he was emphatic that the price one pays for physical gold should be ignored. “What’s far more important,” he insisted, “is how many ounces I own in relation to the total value of my assets.”
Building a core position in gold bullion is a smart goal, to be sure, and a strategy Casey Research has been advising for years. However, ignoring the price you pay for gold could be seen as foolhardy; sure, it’s insurance, but isn’t price part of the consideration when you shop for insurance?
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Commodities, Featured, Gold, gold accumulation, gold ETF investing, gold investing, gold price versus gold amount, gold purchasing, inflation hedge, Investment Strategies, The Daily Reckoning
It’s almost never a good idea to follow a crowd, but it’s certainly wise to be aware of where it’s headed. In today’s case, a Bloomberg survey has shown that some 73 percent of surveyed traders believe that sovereign debt problems in Europe may serve to boost the price of gold. More below…
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:analysts, Bloomberg survey, currencies, Debt and Deficit, DR EXTRA!, Featured, Gold, investors, Markets, price of gold, Recession, Rocky Vega, sovereign debt, traders
Okay, I will admit that we had a little accidental gunfire around here recently, but nobody was hurt, and all that really happened is that I wasted a lot of very expensive ammunition and scared the hell out of a lot of people, including myself, a commotion which instantly activated my Amazing Mogambo Reflexes (AMR), making me drop the delicious Hostess Cupcake that I was noisily eating and take cover on the floor, falling, as I did, on top of the aforesaid cupcake, smashing it all over myself, and all over the floor, which made it taste terrible after that.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:AMR, BFC, Debt and Deficit, Dollar Decline, excess borrowing, excess government spending, Featured, Gold, gold investing, Government Spending, Inflation, MM, MMS, money creation, money supply, OFY, The Mogambo Guru
Since the feds can’t grow their way out of debt…they’ll have to try to inflate their way out.
Trouble is, first…central bankers don’t have that good a grasp of inflation. They can control the amount of money in the monetary base at the Fed. But they don’t really control what happens to it next. For a long time, prices don’t necessarily react…because, in a depression, the velocity of money slows down to a crawl. The banks don’t lend; the money doesn’t get around…and it doesn’t feed into consumer prices. Then, all of a sudden, people realize that there dollars are losing value…suddenly, they are eager to send them on their way. Velocity increases – fast. It is as if they had put cash in a particle accelerator. Instead of 6% inflation, the CPI goes to 12%…or 25%…or 100%.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Bill Bonner, Commodities, Dollar Decline, Featured, Gold, gold investing, hedge against inflation, increased monetary base, Inflation, inflation hedge, investing in gold, money creation, money supply, The Daily Reckoning, U.S. inflation rate
Every crisis comes with political baggage. This morning, the US Justice Department is said to be “requesting” that certain hedge funds reveal their bets against the euro.
Under pressure from their EU counterparts, say rumors making their way around the Internet, the Department of Justice is tracking down fund managers who attended a particular dinner in February hosted by Monness, Crespi, Hardt & Co., a NYC brokerage firm. The managers there supposedly discussed taking short positions in the euro and in US banks while going long the Canadian dollar…all fantastic trading ideas, if you ask us.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Addison Wiggin, betting against the euro, buying gold as insurance, currencies, currency trading, David Einhorn speech, euro decline, Featured, Gold, gold buying, Greenlight Capital blacklist, shorting the euro, US Justice Department
There’s good news and bad news…and a lot of news in between.
Consumers spent a little more than was expected of them. And manufacturing did a little better than expected too.
On the other hand, the federal government’s tax receipts plunged in the month of February…and bank lending is still contracting. Last week it shrank $33 billion – the 7th week in a row it has contracted.
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:Bill Bonner, consumer spending, Debt and Deficit, economic expansion, economic growth period, Featured, Gold, gold investing, gold rally, Government Spending, Greek debt problems, Inflation, Recession, spending increases, The Daily Reckoning, U.S. debt obligations
Adrian Douglas of MarketForceAnalysis.com took a look at a summary of the goings-on at the Comex, and says, “the data reveals a very shocking trend. That is that the registered (dealer) inventory is being drawn down at a phenomenal rate. In silver the inventory has dropped by 24% in 6 months while in gold it has dropped an eye-popping 41% in 6 months!”
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Filed under Gold Fundamentals, Stock Market Commentary, U.S. Dollar
Tags:CME, Commodities, Dollar Decline, Excessive money Creation, Featured, Gold, gold investing, gold supply, MFN, money supply, precious metals investing, silver investing, silver supply, The Mogambo Guru, VVU, withdrawl to deposit raio
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