Ben Bernanke speaks and puts the lie to everything that “The Community Organizer In Chief” has been spouting in this, the beginning of the fourth year of his reelection campaign. Wouldn’t it be great if we had a President that put the country’s needs above his own? Refreshing yes, but don’t count on it, because the establishment Republicans are doing everything that they can to [...]
Oil and gold are connected and the relationship is becoming more evident every day. One is an expression of power and expansion and the other is a store of wealth. Both bring wealth to the nations that hold them as is demonstrated by the growing wealth of China as they acquire more and more physical gold, and by the wealth that Saudi Arabia has generated [...]
“QE-3 to the moon, Alice!” should be the headline of the day today, but in all likely hood, it will never grace a front page or make the evening news. The reality of what happened today is world changing. The powers that be have acknowledged that the Euro is doomed and that Germany is not strong enough, in its own right, to save the European [...]
The financial wizards of the European Union have finally come up with the solution to the Greek problem. The question now becomes, is this the solution or is it just enabling? After hearing nothing but threats about the imminent Greek default for the last three months, the European leaders were able to talk the bondholders into taking a 50% loss on their Greek debt. The [...]
It is time to pause, inhale and take a good look at what is going on with gold. The last two weeks have been a wild ride that some “pundits” have said spells the end of gold’s bull run. Those are the same uniformed “pundits” that have been calling the end of this bull run ever since gold hit $500 per ounce. You should know [...]
Everything was moving along in the right direction for gold as it was slowly becoming recognized as money that could not be printed, in other words, a real store of value amidst the turmoil of the world financial markets. Then, with very little warning, if you were not paying close attention to the charts and the mood, somebody yelled 1,2,3…GOLD PANIC! There is no doubt [...]
It seems as if no one can predict what is going to happen in the commodity markets from one day to the next. One day its a rush to gold for safety and the next it’s a rush to treasuries or stocks because risk is back in favor. Oil runs to over $100 per barrel and then drops to $82 per barrel. This is part [...]
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 [...]
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 [...]
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