I would prefer a scenario in which rates rise slowly, and the dollar — as well as the economy — stabilize gently; while the alternative makes me wealthy, unfortunately, its actualization necessarily means I will be forced to watch everyone around me suffer – and that’s a troubling thought. Words: 1480
The Baltic Dry Index is, in my opinion, the best leading economic indicator to follow when the media is telling us the economy is looking great one week and then predicting a double dip recession the next. Let me explain. Words: 933
Tarnished by financial scandals and the influence of money in politics [dare I say corruption] over the past year the United States has dropped out of the most recent “top 20″ in a global league table of least corrupt nations according to Transparency International but there’s a bright side to our new-found notoriety. We no longer need to pretend we are a shining example of democracy, liberty, and fiscal integrity.Words: 1135
Global crude oil production has plateaued at 74 million barrels per day. However, now that economies are recovering, consumption levels are back on the rise [and] the result will be an inevitable rise in oil prices. Words: 717
Gold and silver have had a sharp move downward in response to China’s first interest rate hike last week while the stock market inched up. It raises the question of whether gold is decoupling from the stock market. Words: 897
Gold is overbought…but I will not be selling into overbought conditions, but looking to add on weakness. For the duration of this bull market, overbought conditions have led to a retest of the 200-day moving average. The 200-day currently sits at $1189, so a correction to $1250 or so is reasonable. In no way would a correction to these levels indicate the end of this bull market. Words: 725
The gold bubble is preparing to burst. Investors have endured panic for three years, and gold has rightfully gone up. Unfortunately for current gold investors, [however,] fear/panic is diminishing by the day and without that essential element, the big money will exit the trade…Those left carrying gold in their portfolios will be trying to come up with reasons to justify their holdings… [and there is considerable] confusion of rationale to [support] the precious metal’s continued rise. Words: 606
Once again the NFL is holding a regular season game outside of the USA. This time it is the hapless San Francisco 49ers playing the rudderless Denver Broncos on October 31 in what looks to be a scary match-up between two teams going south almost as fast as the marketing “gurus” at NFL headquarters. Is the NFL making a mistake in investing in England or should they look to Mexico instead? Words: 855
[What we are experiencing these days] is a race to the bottom among global currencies. Whenever any nation wants to gain a little bit more of an edge in global trade they push the value of their currency down just a little bit more so that the products and services produced by that nation will be less expensive for other nations [and, as such,] other nations will buy more of those products and services. When exports go up, employment goes up and more wealth flows into the country. Who is the winner in all of this? Well, that is easy. Gold, silver and other precious metals will continue to be the winners as fiat currencies all over the globe continue to decline in value. Words: 1430
The National Inflation Association (NIA) believes that if the Federal Reserve doesn’t reverse course immediately, we are on a direct path to all Americans becoming billionaires by the year 2020, if not much sooner. Being a billionaire in dollars won’t mean anything. The wealth of Americans later this decade will be calculated based on how much gold and silver they own. We are at the beginning stages of a massive worldwide rush out of the U.S. dollar and into gold and silver. Words: 1021
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