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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
Does China own more U.S. debt than we thought? It appears that the answer is YES. If this is true (and it will be difficult to get a clear cut answer from the Fed or the U.S. Government), it could be a real game changer that might put the U.S. back in the drivers seat [...]
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, [...]
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