We have entered the endgame for the dollar as the dominant reserve currency and most investors and policy makers are unaware of the implications – but those who are will have positioned themselves in the one asset most likely to be left standing when the dust settles – gold. Here’s why. Words: 1003
Larry Edelson’s proprietary cycle analyses suggests that we could experience declines in the Dow 30 and S&P 500 to 9,000 and 1,000, respectively, by April of 2011; a potential decline in the price of gold to as low as $1126 by August of 2011 and a decline in the price of crude oil to as low as $69 next year – before taking off to record highs. Words: 781
All is not necessarily as it seems according to market analyses on the anticipated direction of the U.S. Dollar Index, gold and the U.S. and Chinese stock markets. The direction of one sector is up when all the talk is of its demise, another sector is muddling along when all the talk is about its dramatic future prospects and the other sectors have their share of surprises too. Let’s take a look at what the charts tell us. Words: 934
If you think the dollar will decline further then it makes sense to buy commodity stocks and even if there is a global recovery that’s faster than we expect many commoditiy stocks will still outperform because supply is simply unable to meet the increasing demand for some of the commodities. [Let me tell you] which one(s) to buy[- and why]? Words: 1475
The chief institutional strategist at Canada’s biggest bank, Royal Bank of Canada (RBC), believes gold prices are probably heading the way of the NASDAQ in the 1990s and the Nikkei in the 1980s into mania territory on the road to $3,800 an ounce. Words: 647
The National Inflation Association (NIA) believes it is very unlikely that our representatives in Washington will have the political backbone and courage to implement any of the National Commission on Fiscal Responsibility and Reform’s proposed cuts in domestic and defense expenditures and increases in tax revenues. [Instead, as the NIA sees it,] the U.S. is on a path towards exploding budget deficits in the years ahead that could cause an outbreak of hyperinflation by the end of calendar year 2015. Words: 887
Yesterday, another brick was taken out of America’s dollar fundamentals. China and Russia have announced that they intend to stop using the U.S. dollar and begin to pay for trade between their two countries in renminbi and rubles, respectively, from now on. It begs the following question: Will the OPEC countries of the Middle East follow suit in abandoning the U.S. dollar? Words: 614
Gold will hit $8,000 by 2015 and if the gold:silver ratio reverts to norm silver will reach $400. Gold and silver are so cheap today you should ignore the current price and just pick one day every month and buy the precious metals. Sometimes you will get them at a lower price and sometimes you will pay more, but, over time you will accumulate the precious metals at a good average cost. Words: 1236
While gold has pulled back from its +$1,400 its bull market is far from over… Corrections are a normal and necessary part of any bull market, and man, do I see this pullback as a golden opportunity — a chance to buy great gold and silver stocks that we missed the first time around! Words: 1350
World Bank president Robert Zoellick has stirred up a hornet’s nest with his recent call for a return to a gold anchor in the global financial system. The usual suspects immediately denounced him – Keynesian Brad DeLong has [gone so far as to] anoint Zoellick the “Stupidest Man Alive” – [and I would like to add my voice to the chorus by explaining] the dangers of Zoellick’s gold proposal, and why fans of the classical gold standard should be wary. Words: 1708
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