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 [...]
Gold has bounced off the bottom of this latest correction and is moving higher in an orderly fashion as it readies for the push through $2,000 to $2,100 later this year. There are strong indications that gold will launch a new move soon. Many factors would have to come together at exactly the same time to keep gold held down past this spring. I am [...]
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 [...]
We have had the “Arab Spring” and now it looks like we are about to enter the “The Russian Winter”. Make no mistake about it, there are no similarities to these movements. The aforementioned “Arab Spring” was touted by the media as democracy sprouting in the Arab nations, when in reality it was the Muslim Brotherhood employing their “useful idiots” to seize power and unify [...]
“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 [...]
As I look at the gold market this week, I can’t help but think, what’s wrong with this picture? The excesses of European socialism are playing out in the European debt crisis. Greece is toast and Italy, France and Portugal may not be far behind. The question now becomes will the Euro survive? It doesn’t seem likely unless Germany throws itself onto the fires of [...]
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 [...]
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