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Dow Theory Letters publisher Richard Russell has issued an uncharacteristically bullish statement on gold. Russell, who is perhaps that most famous and enduring market newsletter publisher, called the bottom of the 1972-1974 bear market. He's proba
The Chinese could very well trigger a price a spike like this and if they are smart enough to be aggressively accumulating gold at current levels, they could benefit from this…Ironically this could also benefit the US…as John Burbank of Passport Capi
We know that gold is soaring.And we know the dollar is slumping. But, did you know that year-to-date, while the S&P 500 is up 18 percent—a great showing no doubt—gold is up even more.The precious metal is up 21 percent. In other words, measured in tr
old, trading at a record for a third consecutive day, will keep rising as a weaker dollar and concern that inflation will accelerate bolsters investor demand, a survey showed.
Politico.com has put out a bit of background information on Robert Fisk, the reporter who sent gold soaring and the dollar crashing as a result of his column reporting secret meetings between the Chinese, Arabs and Russians. They are supposedly meeti
Goldman Sachs and JP Morgan are leaping head-first into gold futures, do you wonder why? It should be fairly clear. If you need an explanation, feel free to get in touch. I invite any of the Evil Twin rats to comment... anonymously, of course. Come o
Trichet also stated that he trusts his US counterparts (big mistake!) as to their statement on the strong-dollar policy. “When the Secretary of the Treasury and our friend Ben Bernanke say that a strong dollar is in the interests of the US economy ”
Goes into details of where he believes the dollar will be going..Its time to abolish the Fed and its time to buy Silver!!
World's major powers including China and Russia don't want to 'finance' American military adventures anymore. That's the view of Max Keiser, finance critic and former stockbroker. He says China and Russia are interested in collapsing the US economy b
There are many proponents of financial experts and public officials who support ending the Federal Reserve System and one of these men is Celente himself who believes, "We can’t print money out of thin air, backed by nothing and producing practically
Peter Schiff, President of Euro Pacific Capital and author of "Crash Proof 2.0," recently spoke with Fox Business News about this week's surge in gold prices and foreign mining stocks.
The central banks of several Asian countries that are fearful of the impact a weak dollar will have on their exports, intervened in the markets on Thursday to buy the troubled U.S. currency.
A skillful veteran letter is sanguine about stocks — but positively gleeful about gold and other hard assets. Mary Anne and Pamela Aden’s Costa Rica-based Aden Forecast first came to fame in the last great gold bull market three decades ago.
If you missed David Malpass' great op-ed in the WSJ earlier, we suggest you read it. For those pressed for time, David summarized his thoughts on what the ongoing dollar deterioration will do to the economy in the following CNBC clip.
Crude-oil futures popped back over $70 a barrel Thursday as a weaker dollar and rising equities provided new support for prices.
Overnight, the U.S. dollar continued to fall against most Asian currencies, prompting a wave of foreign-exchange intervention by central banks. Things are really bad when the Philippines is propping up the dollar. The Philippines!
The sharp fall in the US dollar is giving ammunition to the critics of the Obama administration and fuelling broader concerns about the erosion of America’s reserve currency status.
But other extraordinary moves in the capital markets suggest we should take this threat to the dollar’s position very seriously. For example, China has $2.3 trillion in currency reserves (about 70% in dollars), and China knows how to get its way.
It appears gold mania is spreading, and if this press release by the US Mint is any indication, it has hit the broad population. As a result, the administration is taking prompt "corrective" steps:
The new order may look like the 1920s, with four or five global currencies as regional anchors – the yuan, rupee, euro, real – and the dollar first among equals but not hegemon. .
Conspiracy theories surrounding the Fed are a dime a dozen these days. They either have to do with Goldman or the New World Order or some hidden funds. But once in a while a theory pops up that is worth some consideration.
“America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
United Nations undersecretary-general for economic and social affairs, Sha Zukang, called today for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.
Gold futures hit a new high on Tuesday, lifted by weakness in the dollar after Australia hiked interest rates and after a report that Gulf-area oil producers, along with China, Russia, Japan and France, are planning to eventually end dollar-based oil
Lots of speculation today about the upcoming death of the U.S. currency, middle class, and by implication, its entire economy, as gold hits all time highs. Max Keiser joins the fray:
Crude-oil futures rose above $71 a barrel Tuesday, adding more than 2% as part of a broad commodities rally arising from the latest tumble in the dollar.
The destruction of the dollar as the international reserve currency, as I have regularly stated, could happen at anytime. New developments suggest it may happen sooner rather than later
Bass was one of the few fund managers that foresaw the subprime debacle and made billions shorting it.he thrust of the analysis boils down to this: Currency Debasement.
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
The US already has over $100 Trillion in obligations. The “stimulus” spending will not stop and cannot stop. Unemployment is still rising. Home prices are still falling. Rates must be kept low. The US wants to “re-flate” its economy.
