A gold bug is something I could never be.
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Gartman On Gold: “The beginnings of a real bear market”
Filed Under: Uncategorized Tagged With: bear market, Gold, precious metals
Jim Rogers: “Wait until 2013. We are really going to pay the price”
Filed Under: Uncategorized Tagged With: Commodities, Gold, Jim Rogers, precious metals, QE3, the Fed
Jim Rogers: “They are going to print more money”
Last week legendary investor Jim Rogers sat down with CNBC’s Larry Kudlow to discuss commodities and whether the EU will print their way out of the debt crisis.
[Read more...]Filed Under: Uncategorized Tagged With: Commodities, EU bailout, Gold, Jim Rogers, precious metals
Ron Paul on the Danger of Political and Social Upheaval
It could be just the impression of this one lonely editor, but it seems that ever since Dr. Ron Paul announced his focused quest for the presidency he’s been especially fiery in delivering his message. A recent clip shows Dr. Paul directly addressing how a time of failing confidence in the dollar is rapidly approaching and what consequences of that are likely:
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: confidence falls apart, confidence in the dollar, consumer items, consumer prices, currencies, Dollar Decline, DR EXTRA!, economics, Federal Reserve loses control, Inflation, inflation worsens, interest rates soar, Legislation, Markets, physical goods, political upheaval, Politics, precious metals, Rocky Vega, Ron Paul, Social Unrest
Are We Running Out of Silver?
Silver has been on fire for the last three years – substantially outperforming its spotlight-grabbing cousin, gold.
Because we believe this bull run is far from over, we advise investors to always maintain exposure to the precious metals markets. But the question every investor faces in a bull market is: Do I buy now, anticipating prices will continue higher – and chance getting clobbered if a correction arrives? Or do I wait for a pullback and possibly miss out on big gains?
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Commodities, Featured, Gold, investing in silver, Markets, precious metals, silver, silver demand, silver in technology, silver mine production, silver price, The Daily Reckoning
Currencies Back on the Rally Tracks Against the US Dollar
I see where the euro (EUR) – which, a week ago, was looking pretty sickly – is back on the rally tracks… Or should I say, that the dollar is back on the slippery slope, which allows the euro (the offset currency to the dollar) the ability to rise in value versus the dollar when it slides… Yes, of course I should! But, I like saying something is on the “rally tracks”! Speaking of rally tracks… The Chinese renminbi (CNY) took a giant leap forward last night, with the biggest overnight move in three weeks!
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, CAD, Chinese renminbi strength, CNY, currencies, currency rally, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, food stamps, Government Spending, Housing, Inflation, macroeconomics, Markets, NOK, precious metals, QE2, quantitative easing, strong currency, The Daily Pfennig
A 1980 copy of Playboy Predicts the Future for Silver
Last night I lay back on my couch and had a couple of glasses of red, while reading an article from 1980 about the Hunt brothers and the events that surrounded the last spike in Silver to $50.
I found the article while surfing the web for financial news so I take no responsibility for the fact the original article was found in Playboy. Everyone reads Playboy for the articles, right?
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: CBOT, Dollar Decline, Featured, financial panic, Gold, investing in silver, Investment Strategies, Markets, precious metals, price of silver, record high silver price, silver, silver futures, silver price, The Daily Reckoning
Worried Investors Rush Back Into the US Dollar
We saw the return of some pretty good volatility in the currency and metals markets yesterday with the dollar rising sharply and commodities dropping. It was definitely a ‘risk off’ kind of day with almost every currency down versus the US dollar as investors, scared by the ongoing European sovereign debt problems and a slowdown in the Chinese economy, rushed into the US dollar which is still seen as a ‘safe haven’. Yes, in spite of all of the debt and deficit problems here in the US, the US Treasury market is still seen as a risk free environment and it is where large investors hide during uncertain times. The 10-year bond, which we track in the currency roundup below, was up over 60 basis points dropping the yield back down below 3.2%.
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, BRL, CAD, CNY, Commodities, commodity prices, currencies, currency news, currency trading, Debt and Deficit, Dollar Decline, dollar rally, DR EXTRA!, Economic Recovery, Inflation, NOK, precious metals, reserve currency, The Daily Pfennig, ZAR
The “Other” Precious Meal
When you hear the term “precious metals,” you likely think of gold and silver. That’s what the Spanish conquistadors had in mind, of course, when in the 15th and 16th centuries they trekked inland from their beachheads on the sands of the New World.
But there are other metals of great value besides gold and silver. In the two centuries after Christopher Columbus landed in the New World, the Spaniards seized the gold of the Aztecs in what’s now Mexico, and took that of the Incas, as well, further south in the Andes Mountains. But this was just the beginning, because the men from Iberia had developed a bad case of gold fever. They wanted more.
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