What’s wrong with Kinross, KGC? Let’s start with the present, 2011 and work backwards. Kinross is projected to produce in the range of 2.5–2.6 million ounces of gold at an average cost in gold equivalent of $565 to $610 per ounce. At this Friday’s close of $1,542.40 per ounce, that equates to a profit [...]
Without a doubt, the next stop: QE-3. There is no question, after today’s economic numbers, that QE-3 is already in the works. The US economy will choke under higher interest rates and the housing market will crater, from where it is now, by 50% if interest rates rise. The Case Shiller Index shows the housing [...]
The Fed is stuck between ” rock and a hard place” because inflation is picking up. Jim Sinclair has often said, “An economy not accelerating at an accelerating rate is declining at an accelerating rate.” No truer words have ever been spoken. Despite what the media is trying to promote in order to prop up [...]
It is time that we all acknowledge the coming gold standard. I have said on numerous occasions that the price of gold is all about the dollar. I may have spoken too quickly and in so doing given little shrift to the other fiat currencies around the world that are playing the foil for [...]
With the gold and silver markets working through a correction, it’s time to take a look at Gabelli Funds: GGN. Those of you that follow me know that it was time to take profits a couple of weeks ago as the precious metals markets started this correction. Those of you that sold a third, or [...]
What is going on in the precious metals: boom or bust? The answer may not be that complex. It appears that the market is going through a normal consolidation that will strengthen the next move up. Markets do not go up in a straight line, but rather they proceed in the direction of the primary [...]
There are many reasons why it’s different this time. Some are part of a larger plan based on the nature of mankind and the desire of some of the group, namely the Progressives/Marxists/Socialists, or whatever label they morph into next, to control the lives of the people around them and part are based on what [...]
S & P downgrades the U.S. dollar and the DOW takes a dive on the news. Standard & Poor’s maintained the country’s top AAA rating, but downgraded the U.S. credit outlook, saying “authorities have not made clear how they will tackle long-term fiscal pressures.” This is just the opening salvo in what will become as [...]
It is time to shut the government down! The sands have moved to the bottom of the hourglass and are about to drop to the bottom of the glass, one grain at a time. We have been saddled with an infantile “Community Organizer In Chief” who will stick to his Marxist/Socialist ideology, while those around [...]
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