 Commentary Archive |
 Marc Faber | Archive |
By Marc Faber
GloomBoomDoom.com
Sunday, Jauary 3, 2010
The only near-term factor in support of the US dollar is the fact that bearish sentiment is widespread, and that other paper currencies are also subject to their central banks’ printing machines, which on renewed economic weakness would also go into overdrive. As a result, my favourite currency remains gold, whose supply is extremely limited.
|
|
|
James West | Archive |
By James West
MidasLetter.com
Monday, December 28, 2009
As 2009 lurches to a close, the Christmas break, for as long as it lasts, generally provides an ideal opportunity to contemplate sundry performances of the past year in preparation for the development of the generally futile New Years Resolution.
|
|
|
Phillip Davis | Archive |
By Phillip Davis
PhilStockWorld.com
Thursday, November 12, 2009
$2.5 Trillion - That’s the size of the global oil scam. It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in "Madoff Units" ($50Bn rip-offs).
|
|
|
James West | Archive |
By James West
MidasLetter.com
Wednesday, November 4, 2009
The price performance of gold recently has all sorts of armchair economists waxing philosophical on the idea that this is the advent of a price “bubble”. While certainly everyone has and is entitled to their opinion, there are other features of humanity that we all possess, and much like many opinions, are best obscured from view.
|
|
|
Nouriel Roubini | Archive |
By Nouriel Roubini
RGE Monitor
Wednesday, November 4, 2009
Although the G20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September meeting, there is no consensus yet among regulators, lawmakers and academics on how best to proceed.
|
|
|
Lawrence Tout | Archive |
By Lawrence Tout
MidasLetter.com
Tuesday, November 3, 2009
It is ironic that mainstream economists and politicians are barking about the end of the recession and the beginnings of an economic recovery, when the hidden reality is that the underlying health of the economic system not much better (and some would argue worse) than one year ago when panic reigned in the markets.
|
|
|
James West | Archive |
By James West
MidasLetter.com
Thursday, October 13, 2009
It's fascinating how many economists and bankers argue against the re-establishment of gold as an official monetary standard. An analysis of its price performance over time relative to G7 currencies demonstrates that, as a barometer of national currency health, there is nothing more reliable.
|
|
|
James West | Archive |
By James West
MidasLetter.com
Tuesday, October 6, 2009
The breaking of the old record high price for gold today is no surprise to long-time critics of American and thus global financial policy. Regardless of how much spin you can generate from a compromised media, the laws of supply and demand re-assert themselves inevitably.
|
|
|
James West | Archive |
By James West
MidasLetter.com
Thursday, October 1, 2009
Those who read the contrarian and alternative financial commentators may well be forgiven for wondering why the financial doomsday oft predicted hasn’t quite materialized.
|
|
|
Gene Arensberg | Archive |
By Gene Arensberg
Got Gold Report
Monday, September 7th, 2009
ATLANTA – Bam! Gold breaks out of its huge consolidation triangle, Wednesday, September 2. What are we going to do now? Why, for the short-term trading portion of the ammo pile, we are going to execute trading strategy and let the strategy do the trading of course. More about that below.
|
|
|
|
|
Gene Arensberg | Archive |
By Gene Arensberg
MidasLetter.com
Monday, July 20th, 2009
ATLANTA – With any major market reversal trade it is essential to first develop confidence in the trade. Confidence enough to deploy capital in a suitable investment vehicle (and in enough size) to make it worthwhile.
|
|
By Keith Schaefer
OilandGas-Investments.com
Thursday, April 30, 2009
There is a lot of confusion amongst investors - both retail and sophisticated institutional investors - about what the average break-even price is for natural gas producers in North America.
|
CrimeoftheCenturyMovie.com
By Eric Pratt
Wednesday, April 29, 2009
I woke up in the middle of the night with sweat soaking my sheets. I had this crazy nightmare that I was sitting in a room at a table with my hands and legs shackled, and on the other side of the table were the leaders of the world’s G7 governments. Obama, Brown, Harper, Wen Jiabao and the rest of them.
|
By Judy Shelton
New York Times
Monday, April 27, 2009
The International Monetary Fund (IMF) deserves credit, figuratively speaking, for cleverly manipulating the financial troubles of emerging and low-income nations to procure a fresh infusion of capital for itself. But its tactics at this month's G-20 summit in London -- where President Barack Obama signed off on tripling the IMF's lending resources -- should not hoodwink anyone, least of all American taxpayers who pay the largest share of IMF expenses.
|
By Keith Schaefer
OilandGas-Investments.com
Monday, April 20, 2009
Natural Gas Prices are setting new lows almost every week - and everyone expects them to continue lower for some time. But natural gas stocks are going up.
|
By Andy Hoffman
MidasLetter.com
Saturday, April 18th, 2009
The financial market madness we are currently witnessing is difficult to put into words. So much so, that for the first time in years, I find myself at times speechless.
|
By James West
MidasLetter.com
Saturday, April 18th, 2009
It’s normal for the CEO of a public company to speak glowingly of its products and prospects in complete contradiction to whatever reality might be showing. Have you ever heard of a company president saying, 'Well things don’t look that great for us, and our future isn’t very exciting either.'?
|
By Andy Hoffman
MidasLetter.com
Thursday, April 9th, 2009
Wednesday morning, Central Fund of Canada completed an overnight stock offering of a whopping $200 million, dramatically larger than any deal ever done by the Company and particularly impressive given that it occurred amidst yet another vicious Cartel attack on gold and silver following the bogus G-20 boondoggle last week.
|
By Andy Hoffman
MidasLetter.com
Monday, April 6th, 2009
The past week marked an acme in the U.S. government’s Orwellian tactics of fooling the “proletariat” into believing the G-20 meeting was, in Obama’s words, 'the turning point in our pursuit of global economic recovery.'
|
By James West
MidasLetter.com
Friday, April 3rd, 2009
There are, in fact, two economies at work in the world, and both are global. One must die, as it undermines the health and robustness of the other.
|
By James West
MidasLetter.com
Monday, March 30, 2009
This is the point at which the global economy falls the rest of the way off of the cliff. The false hope raised by the illusion of decisive action on the part of the Obama administration is giving way to Democratic party in-fighting and an increasing public perception that Obama and Geithner are out of their league.
|
By James West
MidasLetter.com
Wednesday, March 25, 2009
CNN’s Wolf Blitzer introduced Barack Obama’s live televised press conference last night with reference to an Irish saying that he thought applied to Obama. It says that “the definition of charm is the ability to elicit the answer yes before you’ve even started asking the question”.
|
By James West
MidasLetter.com
Monday, March 23, 2009
The ability of the United States Federal Reserve and the United States Department of the Treasury to administer the national currency and bank account is being severely undermined by policy moves that erode the faith of international holders of U.S. debt.
|
By James Galbraith
Spiegel.de
Friday, March 20, 2009
While the world talks about new ways to save struggling banks, there are a handful of economists who think some banks shouldn't be saved at all. American economist James Galbraith told Manager Magazin that it might make more sense to break them up and start over.
|
By James West
MidasLetter.com
Thursday, March 19, 2009
So its happened at last. All pretense of sanity has been summarily discarded in favor of the perpetual feedback loop. The Fed is now purchasing its own currency, kiting checks to itself in a flagrant display of Orwellian-esque doublespeak.
|
By Keith Schaefer
OilandGas-Investments.com
Thursday, March 12th, 2009
Oil and gas are moving in opposite directions right now - oil up and gas down. Oil stocks are tepidly advancing, not quite convinced the move in the oil price is sustainable.
|
By James West
MidasLetter.com
Wednesday, March 11, 2009
It took the onset of World War II to lift the world out of the Great Depression that began in 1929.
|
Frank Holmes on the Future of Gold
|
By Andrew Hoffman
MidasLetter.com
Tuesday, March 10, 2009
We are now witnessing the implementation of what Fed Chairman Bernanke stated yesterday as the “forceful use of all available tools to achieve economic stability”.
|
By James West
MidasLetter.com
Friday, February 27th 2009
The wheels of the perception management apparatus are turning at full speed, as evidenced by the audacious spin chief propaganda-meister Bernard “Tokyo Rose” Bernanke put on more bad economic news following another disastrous day in global markets.
|
By James West
MidasLetter.com
Thursday, February 19th 2009
The last thing you do when you see somebody drowning is swim out to them in an effort to effect a rescue. If you do, you may end up drowning too as the frantic victim blindly latches onto anything that floats.
|
By Keith Schaefer
OilandGas-Investments.com
Wednesday, February 18th 2009
Montreal based securities firm National Bank Financial lowered their 2009 price outlook for oil and gas, down to US$50 per barrel for oil and US$5 gas.
|
Gold Feeding Frenzy as Economy Worsens
By James West
MidasLetter.com
Tuesday, February 17th 2009
Ever seen what happens to a piece of meet thrown into a tank full of vicious piranhas? The water is whipped into a froth and within seconds the meatless bone sinks to the bottom. There’s virtually nothing left.
|
Ratio Reversal: Re-thinking Fractional Banking
By James West
MidasLetter.com
Monday, February 16th 2009
Bill Gross of PIMCO makes the argument in his most recent “Investment Outlook” that the government needs to support asset prices to stop the hemorrhaging of the global economy.
|
 Social Unrest Escalates as Euorpean Depression Intensifies
People across Europe are taking to the streets to protest the way their governments are handling the financial crisis. (Click to Play)
International Herald Tribune Video
Sunday, February 15th 2009
|
Obama’s new deal is the same old blunder
By Dominic Lawson
TimesOnline.co.uk
Sunday, February 15th 2009
Here’s something new: instead of the customary attempts to put an optimistic gloss on the state of the economy, our governments are doing exactly the opposite.
|
Capitalism Needs a Sound-Money Foundation
By Judy Shelton
Wall Street Journal
Friday, February 13th 2009
Let's go back to the gold standard. If the very idea seems at odds with what is currently happening in our country...
|
Gold…..ready to rumble! Part Three, Producer Picks
By Rick Mills
AheadoftheHerd.com
Thursday, February 12th 2009
2008 was one of the worst years for suffering the market has ever thrown investors. Will 2009 be any better?
|
Why China's Currency Manipulation Doesn't Matter
By Tibita Kaneene
ForeignPolicy.com
Wednesday, February 11th 2009
Timothy Geithner should stay away from cheap populism and hold his tongue about the yuan.
|
Profiting from Trading Volatility in Oil
By Richard Reinhard and Keith Schaeffer
Sunday, February 8th 2009
Few investors realize it, but the oil ETF’s give investors a monthly opportunity to make day trading profits on senior oil stocks.
|
United States Progresses Down the Path to Depression
By Lawrence Tout
Sunday, February 8th 2009
What’s in a Depression? Is the USA in a Depression yet? It’s a question that a lot of us are asking currently.
|
Gold.....ready to rumble! Part Two - Buying Gold
By Rick Mills
AheadoftheHerd.com
Friday, February 6th 2009
We Are Running Out of Gold.Production at existing mines is grinding down at the same time investor demand is climbing.
|
The $4 Trillion Hallucination Driving Gold
By James West
Wednesday, February 4, 2009
This morning, the United States Treasury Department issued a press release that constituted the Treasury Borrowing Advisory Committee’s (TBAC) report to the Secretary of the Treasury. TBAC membership is derived from senior members of the Securities Industry and Financial Markets Association. These would be the proverbial foxes advising the chickens - a favorite Midas Letter theme.
|
Play by the rules and close failing banks
By James Saft
Reuters
Tuesday, February 3, 2009
LONDON - Why not just play by the existing rules and rescue the economy, rather than the banks and their foolish shareholders and counterparties?
|
U.S. Debt Default, Dollar Collapse
By James West
Saturday, February 2, 2009
The prospect of the United States defaulting on its debt is not just likely. Its inevitable, and imminent.
|
Peak Gold (and Silver)
By Andy Hoffman
Saturdday, January 31, 2009
The below article beautifully illustrates a concept I have highlighted for years, in other words the horrific outlook for future gold production.
|
Economic leaders duck blame for global meltdown at Davos
By Daniel Gross
Newsweek.com
Friday, January 30, 2009
For centuries, historians have debated whether history is propelled by Great Men (and Women), human forces of nature who bend events and systems to their will, or by vast impersonal forces (communism, capitalism, globalization) that render even the most powerful of us a mere reed basket floating in a massive river.
|
Dollars, Gold, and soon - Intelligent Life
By James West
Friday, January 30, 2009
Advanced life forms on other planets are reportedly rolling on the ground laughing at the willfully delusional condition of humanity today. In a state of complete denial as to the meaning and root causes of the rapid decline in civilization now underway, both are ignored and perpetuated.
|
Gold ready to rumble
AheadoftheHerd.com
Thursday, January 29, 2009
Today we’ve got falling prices. Many pundits are saying that today’s falling prices are caused by deflation.
|
Calling China's Bluff
By Gregory Chin and Eric Helleiner
ForeignPolicy.com
Wednesday, January 28, 2009
When U.S. President Barack Obama's choice for Treasury secretary, Tim Geithner, talked tough on China's exchange rate policy during his confirmation hearing, Wall Street traders got the shivers.
|
U.S.–China Currency Spat Threatens Treasury Auction, Powers Gold
By James West
Monday, January 26, 2009
Timothy Geithner’s first major fumble as incoming Treasury Secretary could be a big one. Accusing your number one creditor of tampering with their currency in a very public way is downright dumb.
|
The World Won't Buy Unlimited U.S. Debt
By Peter Schiff
Sunday, January 25, 2009
Barack Obama has spoken often of sacrifice. And as recently as a week ago, he said that to stave off the deepening recession Americans should be prepared to face "trillion dollar deficits for years to come."
|
Will the Real Economist please shut up?
By James West
Friday, January 23, 2009
There once was a pitched battle of words raging at slate.com that is as effusive a case of kettle-calling-the-pot-black as I’ve ever seen.
|
America is too delusional to fix economy
By James West
Thursday, January 22, 2009
Town hall meetings, documentary films galore, news coverage, solemn speeches. America certainly seems to be aware of its problem. But for all the self-examination and soul searching, there has yet be any sober identification of the fundamental flaws that have evolved in the American character since the declaration of independence.
|
Give cash to viable industries, not banks
By James West
Wednesday, January 21, 2009
Government treasuries are only prolonging the inevitable and showering manna from heaven on the most undeserved with the bank bailouts now raining down on financial institutions from New York to London.
|
Real Silver Availability
By Ted Butler
InvestmentRarities.com
Tuesday, January 20, 2009
Much has been written about the actual amount of physical silver that exists in world above ground inventories. Due to decades of industrial consumption depleting world inventories, there is remarkably little silver remaining.
|
Dollar is "Absolutely Doomed"
CNBC Video
Tuesday, January 20, 2009
With promises of more U.S. government intervention, we are going to be in a situation of hyperinflation and a dollar that is absolutely doomed, warns Kirby Daley, senior strategist at the Newedge Group. Daley & Dodge Dorland, CIO at Landor Capital Management discuss more, with CNBC's Martin Soong.
|
America needs a Truth Commission for the Bush years
By Tom Ricks
ForeignPolicy.com
Monday, January 19, 2009
The Obama administration apparently is not going to turn over the rock to investigate the misdeeds and trespasses of the intelligence community in running amok after 9/11, especially with detainees.
|
Top Organized Crime Syndicate of 2008
By James West
Monday, January 12, 2009
This year’s winner for top spot among major international crime syndicates goes to the United States Government, and especially George Bush.
|
Five New Forces to Drive Gold Higher
By James West
Thursday, January 8, 2009
Gold naysayers habitually point to the relatively weak performance of gold relative to the broader market over the last 5 years. Given the market today, that argument is increasingly wrong, and the naysayers are soon to either admit their mistake, or pretend that they were never naysayers at all.
|
Princely Finance and Taxation
By Bob Hoye
Institutional Advisors
Thursday, January 8, 2009
One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended the divine right of kings. Recent imperious announcements by Chairman Bernanke to use the "printing press" to inflate anything they can should be considered startling only in the resort to honesty.
|
Just how bad are things going to get? Watch this video and find out.
Thursday, January 8, 2009
Watch CBS Videos Online
|
Gold Reserve Desperation Presentation
By James West
Tuesday, January 6, 2009
The ongoing battle for the hearts and minds of Gold Reserve Inc. (NYSE Alternext: GRZ, TSX Venture: GRZ) shareholders by Rusoro Mining (TSX Venture: RML) proceeds apace with both companies issuing press releases designed to win over shareholders.
|
Redefining Risk: 5 Investment Rules for 2009
By James West
Monday, January 5, 2009
Last year was a watershed year for many obvious reasons. But tucked away in the dark clouds of 2008 was a silver lesson for 2009: The redefinition of risk.
|
U.S. Treasuries Are the Biggest Bubble of All
By Trace Mayer
Sunday, January 4, 2009
There is no doubt that the current environment is a deflationary credit contraction in contrast to an inflationary credit expansion.
|
Economic Manipulation as Political Strategy
By Eric Pratt
Friday, January 2, 2009
We are forced to labor under several apparent falsehoods that are nonetheless enshrined in our collective first-world political imagination. Foremost among them is that the rule of law prevails over the law of the jungle, where the mightiest governs by virtue of brute strength.
|
The Biggest Casualty of 2008
By James West
Thursday, January 1, 2009
There is a commodity not traded on any exchange, not measureable in dollars, immune to the effects of supply and demand, once present in many global markets, but now all but extinct. With the closing of 2008, the commodity with the grimmest prospects of recovery is trust.
|
