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 war on the U.S. dollar. The inept government that is [...]
Now it is time for some market musings after what was a really fun week to be trading in gold and silver. Gold and silver performed well last week, but not well enough to confirm extended breakouts. It appears that, once again, gold and silver will consolidate sideways for a while. This may be the best thing for the markets at this time. Consolidation will [...]
Hu’s in charge and who’s not is certainly not a question, but rather a statement of what is happening in the world today. The “Community Organizer In Chief” would do well to shed the “deer in the headlights” look and get a grip. China owns the U.S., so quit trying to act like you and “Little Timmy Geithner” have anything to threaten Hu with while [...]
Inflation is baked into the cake, while QE-3 is waiting in the wings. It is amazing how the people who created the problem are put in charge of fixing the problem that they never saw coming in the first place. Ben Bernanke is called the foremost scholar on the history of “The Great Depression”. It is unfortunate that he did not spend any time studying [...]
We are entering a new phase of volatility in the gold market. The CME Group (Chicago Mercantile Exchange) has thrown a mini monkey wrench into the gold market that is causing the futures market to take a dive. Monday, the gold market had leveled out after Friday’s $40 plus sell off in gold. As of close of business today, gold margins will rise $336 [...]
Next week we get the long awaited Fed announcement on what, if any, “quantitative easing” it is going to implement and when. Mark Skousen, the editor of “Forecasts and Strategies”, named the Fed’s action POMO, or Ben Bernanke’s Permanent Open Market Operation, and he added that it will have an effect on the markets and on the economy, even though it will not save Obama [...]
Are we in seeing a gold mania? We are not even close to seeing a gold mania. The average investor has not gotten on board investing in gold and gold stocks. When Joe six pack starts investing in gold, then, and only then, will we see a true gold mania. This latest correction from gold’s high of $1,387 is the latest opportunity for investors to [...]
The dollar rout continues and gold is responding to every downward tic in the dollar. This rout of the dollar has been long over due and will likely continue if the dollar breaches the .77 support level. I have been calling for this decline in the dollar for some time now, so to see it breach .77 would not surprise me in the least. After [...]
The subject of gold confiscation seems to be a recurring theme. There are more and more questions about it as the price of gold rises and the freedoms in American wane. Do you buy numismatics to avoid gold confiscation, can it happen again? Did it happen in the past and what are the chances of it happening now? Today I will walk you through gold [...]
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