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Home » June 30th, 2010

June 2010

My ‘Taxi Driver Indicator’ Says: “Don’t Buy Gold Just Yet”

Gold may be going to the moon if not Pluto, but we need to see a few taxi crashes and dinner party pregnant pauses when gold is mentioned before we really take off. Words: 421

June 30th, 2010 | Posted in Gold/Silver,Investing | Read More »

Richard Russell: The Dow at 400 is Nolonger an Absurd Joke – Got Gold?

My old friend, Bob Prechter, is talking about Dow 400. I used to think this was an absurd joke. I no longer think it’s a joke. The ultimate result will be a primary bear market shocking in duration and extent. Words: 524

June 25th, 2010 | Posted in Economy,Gold/Silver,Investing,Stock Indices | Read More »

Robert Reich: This Economic ‘Recovery’ is Nothing But a Mirage

What happens when the stimulus is over and the Fed begins to tighten again? Where will demand come from to get Main Street back, create jobs, raise middle class wages? Not from big businesses. Certainly not from Wall Street. Not from exports. Not from government. So, where? That question is the big unknown hanging over the U.S. economy. Until there’s an answer, an economic “recovery” for anyone other than big corporations, Wall Street, and the wealthy is a mirage. Words: 1279

June 24th, 2010 | Posted in Economic Overview,Economy | Read More »

Robert Prechter: Grams of Gold are the Best Currency But…

Have you ever traveled abroad and taken a look at the local currency and wondered how the citizens of that country could take seriously what looks like “Monopoly money?” I’ve got news for you: You’re using the same stuff. Monopoly money is the money over which some government has a monopoly. It is the currency of the realm only because the state makes it illegal to use any other type. Words: 633

June 24th, 2010 | Posted in Gold/Silver | Read More »

David Goldman: Major Spike in Gold Price Unlikely Anytime Soon

The central banks are so much larger than the gold market that they avoid actions which might cause price spikes.

June 23rd, 2010 | Posted in Gold/Silver | Read More »

Why Many Analysts See Gold Going As High As $10,000

My first reaction when I read an article* on this site by Arnold Bock – articulating why gold would go to $10,000 – by 2012 no less – was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Words: 2097

June 23rd, 2010 | Posted in Economy,Gold/Silver,Investing | Read More »

Nouriel Roubini: How to Avoid a Double-Dip Global Recession

There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression. Germany and the European Central Bank are pushing aggressively for early fiscal austerity; the United States is worried about the risks of excessively early fiscal consolidation. Words: 957

June 23rd, 2010 | Posted in Economy | Read More »

While the Economy Fizzles – Gold Sizzles!

Don’t be waylaid by the clueless conformists. Talk of a gold bubble is coming from those who made the same assertions when gold broke $400 an ounce. Except for its justifiable 4X price rise over the previous decade, there is no evidence of the typical bubble characteristics attached to gold yet. Words: 846

June 23rd, 2010 | Posted in Economy | Read More »

Embry: 17 Reasons Why Gold Will Increase By Several Multiples of Current Price

The fundamentals for gold are impeccable, the long term technical picture is exceptional and gold remains very inexpensive when compared to almost every other alternative. [I have 17 reasons why] I expect gold to trade at several multiples of the current price before this bull market breathes its last breath. Words: 2101

June 23rd, 2010 | Posted in Gold/Silver,Investing | Read More »

Will We or Won’t We Have Another Recession Soon – The Case For and Against a Second Dip

I am worried about the possibility of a second dip – of a new recession beginning sometime in the next year or so – before the current recovery has had a chance to produce much improvement. Verbally-intuitively, the case for a second dip still seems pretty overwhelming to me. I take comfort in the knowledge that I tend to have a pessimistic bias, and in the fact that sophisticated quantitative models are generally putting the odds of a second dip quite low. On the other hand, successfully forecasting recessions has not been a strong point of quantitative models. Words: 1433

June 21st, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »

 

WHAT'S HOT

  1. “Will That Be Cash or Gold Bullion?”
  2. Here It Is: The Latest Resource Investment “Fad”
  3. Interested in Buying Gold or Silver Mining Company Warrants? Here’s How
  4. Gold Bugs: Here’s How to Make the Most of the Continuing Bull Market in Gold!
  5. Crude Oil Supply, Demand and Price Projections are Flawed – Here’s Why
  6. Current U.S. Economic Woes Result of Major Structural Shifts in Economy
  7. Housing Collapse Coming to Canada? House Price-to-Rent Ratios vs. America’s At Peak Suggest So
  8. Slicing & Dicing Consumer Price Index Data of the Past 11 Years
  9. A Look at Inflation Specifics Over the Past 5 Months
  10. Addiction to Borrowing Causing Another Bubble – Take a Look
  11. Currency Collapse Coming: Go Get Gold NOW!
  12. Hyperinflation in the U.S. is Possible But Unlikely – Here’s Why
  13. Monumental Change is Coming for Most Americans – Here’s Why
  14. John Embry: Worldwide Debt Saturation Ensures Much Higher Gold and Silver Prices
  15. Sinclair: Gold Will Win Out and Rocket Up in Price by 2015
  16. The 5 Stages of Collapse: Where Are We Currently?
  17. Charles Nenner’s Cycle Analysis Predicts Dow to Peak in 2012 and Then Decline to 5,000 – and Much More!
  18. Richard Russell: The Last Currency Standing Will Be Gold
  19. This “Recovery” Won’t Last! Here’s Why (Part 1)
  20. US “Recovery” Needs More Fiat Money Steriods to Continue! Here’s Why
  1. alternative investments: Subsequent to the most recent financial crisis, portfolio diversification is now a...
  2. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
  3. taluis: A punitive Sales or Capital Gains Tax on the sale of gold in an economic collapse (or similar situation) is...
  4. steviebee: But….if gold is going to $10,000, why should I only have “7 to 15% in Precious Metals”...
  5. GoldRate: it will be interesting to see if this triangle breaks up or down. We’ve had big volatility this week....


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