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 [...]
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, [...]
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 [...]
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 [...]
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