Ben Bernanke speaks and puts the lie to everything that “The Community Organizer In Chief” has been spouting in this, the beginning of the fourth year of his reelection campaign. Wouldn’t it be great if we had a President that put the country’s needs above his own? Refreshing yes, but don’t count on it, because the establishment Republicans are doing everything that they can to [...]
“QE-3 to the moon, Alice!” should be the headline of the day today, but in all likely hood, it will never grace a front page or make the evening news. The reality of what happened today is world changing. The powers that be have acknowledged that the Euro is doomed and that Germany is not strong enough, in its own right, to save the European [...]
As I look at the gold market this week, I can’t help but think, what’s wrong with this picture? The excesses of European socialism are playing out in the European debt crisis. Greece is toast and Italy, France and Portugal may not be far behind. The question now becomes will the Euro survive? It doesn’t seem likely unless Germany throws itself onto the fires of [...]
The financial wizards of the European Union have finally come up with the solution to the Greek problem. The question now becomes, is this the solution or is it just enabling? After hearing nothing but threats about the imminent Greek default for the last three months, the European leaders were able to talk the bondholders into taking a 50% loss on their Greek debt. The [...]
It is time to pause, inhale and take a good look at what is going on with gold. The last two weeks have been a wild ride that some “pundits” have said spells the end of gold’s bull run. Those are the same uniformed “pundits” that have been calling the end of this bull run ever since gold hit $500 per ounce. You should know [...]
The week ending August 12th launched gold into a whole new phase as gold easily pushed through $1,800 per ounce. Gold closed Friday at $1,746.30 down $21.30 for the day. The usual gang of top callers were immediately out saying that gold had gone to far, too fast , was in a parabolic spike and was showing signs of entering a blow off top. Nothing [...]
It appears that while the “full faith and credit of the United States Government” is hanging in the balance, “The Community Organizer in Chief” is content to be dancing on the ceiling in order to position his opponents for defeat in the 2012 election. What ever happened to “ask not what your country can do for you; ask what you can do for your country?” [...]
The Fed Chairman testified before Congress today and gold surged on Bernanke’s testimony. Fed Chairman, Ben Bernanke told Congress that the U.S. economy is at a crossroads, and indicated that the central bank was prepared to provide further stimulus to the economy. Investors immediately sold dollars, bought stocks and pushed gold to a new all-time high of $1,588.90 in the August futures. I have been [...]
Does China own more U.S. debt than we thought? It appears that the answer is YES. If this is true (and it will be difficult to get a clear cut answer from the Fed or the U.S. Government), it could be a real game changer that might put the U.S. back in the drivers seat financially by giving the U.S. the upper hand in controlling [...]
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