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 [...]
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 [...]
All technical analysis starts with a graph of the price fluctuations of the particular stock that you are looking at. There are many different types of charts that represent the price fluctuations, such as line, bar and candlestick. I prefer candlestick charting because, for my money, it provides the most information in the clearest way [...]
PIMCO’S Bill Gross predicts QE3 and he is not alone. The economy is in shambles, and all of the Obama regime’s attempts at obfuscating the truth will do nothing to alter the facts. The U.S. economy is frozen between barely growing and teetering on a depression. The sad truth about this is, that it is [...]
So the Fed, in so many words, insists the economy is just facing a bump in the road. I feel much better now. It is so reassuring to have people in charge that know what is required to fix a problem and who are not afraid to take the steps to do it. Oh right, [...]
It is time for a Silvercorp Metals update! The precious metals stocks have been hammered during this latest correction for gold and silver. The price of silver has plummeted from its high of $48.58 to its current price of $36.51. Gold, on the other hand is within striking distance of $1,550 per ounce. Spot gold [...]
As the U.S. sinks further into the economic and foreign policy malaise that is the Obama administration, the rest of the world marches on and we are left to ponder what might have been, while facing a world with Russia and China united. It is shocking to see the United States shrinking economically and in [...]
We are living through a phase in history where unrest and uncertainty reign! Even in the areas where we can see clearly the direction that we are headed, we are being told by the media that all is not as we see it. Is it any wonder that the markets are in turmoil and that [...]
The dollar rally wilts gold! Not much more need be said. The U.S. Government and its complicit ally, the Fed, are trying to do everything they can in order to cobbled together a dollar rally which will put the brakes on gold and get the rating agencies off their back. The regime’s political future rests [...]
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