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 [...]
Monday should be a really interesting day for the general equities markets and gold for that matter as we wait and see what the results of the downgrade dust up will be. For the first time in its history, the U.S. has been downgraded from Triple A to Double A+ by Standard & Poor’s, which puts the U.S. on a level with Belgium while Canada, [...]
If there is one question that comes to mind this week it is this: Why are gold stocks going down while spot gold is going up? “Pravda”, aka the U.S. press, has manged to misdirect the markets into thinking that the “debt ceiling” is the story, while totally ignoring the real problem, which is the U.S. debt. The two are totally different. The debt ceiling [...]
Are we witnessing a reoccurring pattern? I think we are and it is a disturbing pattern at best. It seems quite obvious , as I have stated “ad nauseam”, that the Obama regime is in way over its head when it comes to the U.S. Constitution and the free market economy. We are living through the reign of the first ideologically unbending Marxist/Socialist president that [...]
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 [...]
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 by design. You cannot tell me that “smartest man to [...]
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, this is Bernanke and the Obama regime. For a second [...]
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 even the most solid of investments, gold has been cast [...]
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 solely on the economy turning around before the 2012 election [...]
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