Euro and Yen Make Up 71.2% Of Dollar Index Which Is Why I Am Dollar Bullish
How many times do you hear someone who sells gold and silver be dollar bullish? Probably not very often. But when you look at what the Dollar Index represents, a basket of other currencies, it’s quite easy to be dollar bullish right now. This doesn’t mean that the dollar is any stronger as far as it’s purchasing power mind you. It just means that it will be stronger versus the...
Read More2012 Predictions For Gold, Silver, Stock Market, Economy and Elections
Recap of 2010 and 2011 While some well known trend forecasters like Gerald Celente were predicting a crash in 2010, I was taking the opposite side saying that “I don’t see it happening as quickly as Celente does.” In September of 2010 I cautioned traders in gold and silver mining stocks to think about taking profit. The HUI at that time was trading around 525 and today, 15 months...
Read MoreIMF Gold Sales and Credit Expansion Maneuvers Show How Desparate Situation in Europe Is – Central Banks Step In
Central Banks stepped in today to help raise liquidity for the struggling Eurozone. The Central Banks involved included the U.S. Federal Reserve (of course), the European Central Bank, and the central banks of Japan, Britain, Canada and Switzerland. Hey…where’s China? It might also be noted that G20 leaders promised this month to boost the global lender’s (IMF) warchest....
Read MoreCongress Gives IMF Your Tax Dollars to Bailout Greece
This was an article I wrote about Greece and how they exactly are being bailed out by the IMF/U.S. taxpayer. Back then, the debt in the U.S. was just over $12 trillion. Today, the debt in the U.S. is approaching $15 trillion. Greece is now in the process of writing down their debt by 50% by the beginning of 2012. And now because of this perception that Greece has somehow solved its problems (and...
Read MoreOn and On – The Fed Keeps On Failing
Whether it’s Bernanke and Geithner, today or Greenspan and Snow of years past, the Fed will always do what they do best, interfere in the markets. But how effective are they? Author’s Note: Seeking Alpha, a financial website, did not allow this article to be posted on their site. They claim they are not biased against gold, but their editors compared gold to “wine, stamps,...
Read MoreNew Currency The Barackazillion – The Only Currency You’ll Ever Need
Introducing; the Barackazillion – The Only Currency You Will Ever Need – go to http://barackazillion.com/ and watch the video. “Money We Can Believe In” “As Good As Gold” For those who lean left, I would have done the same thing for Bush had I thought of it then – I am neither left nor right in my political views. I will do the same thing for the next...
Read MoreIncrease In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance
The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at the height of the 2008...
Read More4 Reasons There Will Be Future QE And A Higher Price For Gold and Silver
There has been talk of late that the Fed could put end to quantitative easing (QE) early. This article will address the probability of future QE and list four problem areas where the Fed may have to return to their hat and see just how many quantitative easing rabbit’s are left in it that can fool the investing public into thinking the recovery is real. But first some questions to...
Read MoreThe Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!
Banks always are bailed out by the government or the Fed and in Europe’s case, the equivalent of the Fed, the European Central Bank (ECB). The ECB is who is keeping Portugal’s banks afloat. But it’s also the IMF who likes to stick their greedy fingers into the pie, just as they have in many other countries, like Jamaica for example, where they create slaves of the...
Read MoreFailed European Bank Stress Tests Offer Even More Reasons To Own Physical Gold and Silver
One by one, country by country, the Eurozone’s PIIGS (Portugal, Ireland, Italy, Greece and Spain) are succumbing to the excesses of the credit expansion era that saw out of control government spending and banks lending to businesses and consumers who now can’t pay the loans back. At the same time, the traditional way banks make profit has also disappeared as banks are not doing much...
Read MoreWhat Happened To Gerald Celente’s Crash Of 2010 Prediction?
Early in 2010, Gerald Celente, a trend forecaster who predicted the crash of 1987 and the panic of 2008, as well as the fall of the Soviet Union, had a prophecy there would be a “Crash of 2010.” I was one of the few people who critiqued his thoughts at the time and wrote about it in Is Gerald Celente Right About the “Crash of 2010?” In that article I made the following points; *...
Read More$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 2
Continued from Part 1 Just Who Will Be the Counterparty to These Credit Derivatives? There are two sides to every trade conducted; a buyer and a seller. When you buy a share of XYZ Corporation, you assume there will be a liquid market to sell that share when you are happy with your profit or fed up with your loss. But what would happen if there was no counterparty to that transaction? What would...
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4 Ways Gold Dealers Rip You Off!
