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 [...]
It appears that while the “full faith and credit of the United States Government” is hanging in the balance, “The Community Organizer in Chief” is content to be dancing on the ceiling in order to position his opponents for defeat in the 2012 election. What ever happened to “ask not what your country can do for you; ask what you can do for your country?” [...]
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 [...]
As the U.S. sinks further into the economic and foreign policy malaise that is the Obama administration, the rest of the world marches on and we are left to ponder what might have been, while facing a world with Russia and China united. It is shocking to see the United States shrinking economically and in world wide influence, while Russia continues to make bold alliances [...]
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 more, of your positions are now sitting on a lot [...]
There are many reasons why it’s different this time. Some are part of a larger plan based on the nature of mankind and the desire of some of the group, namely the Progressives/Marxists/Socialists, or whatever label they morph into next, to control the lives of the people around them and part are based on what the meddling of the ruling class does to the financial [...]
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 [...]
It is time to shut the government down! The sands have moved to the bottom of the hourglass and are about to drop to the bottom of the glass, one grain at a time. We have been saddled with an infantile “Community Organizer In Chief” who will stick to his Marxist/Socialist ideology, while those around him are slowly waking up to the realities that his [...]
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