No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation. Words: 1111
November 5th, 2010 | Posted in Gold/Silver,Investing | Read More »
As I see it there are only two outcomes. Either the gold cartel will fail or the U.S. government will have destroyed what remains of the free market in America. I hope it is the former, but the flow of events from Washington and the actions of policymakers suggest it could be the latter. Words: 1654
February 4th, 2010 | Posted in Gold/Silver | Read More »
The next phase of the real estate disaster is upon us. It’s just shifted from subprime to Option ARM and with many economists predicting unemployment will stay in the double digits, foreclosures will only accelerate, which will add to bank losses, which will add pressure to the financial system and broader economy. Words: 547
January 19th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »