Gold Price Buy Sell Action – Recession? What Recession? (Part 1)

Posted by on Apr 9, 2010 in Gold | 0 comments

As I type this, gold us up $11.50 at $1,162.70. Most of that rise in the price of gold is due to the Dollar Index falling down to the 81 level again.  The following charts paint the current picture for gold. Price of Gold 4/09/2010 – 8AM – $1,162.70 Kitco Gold Index U.S. Dollar Index 81.01 What Is Currently Driving the Price of Gold Higher? For the last 10 years the price of...

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Why Does Harvard Economics Professor Call Gold a High Risk, Highly Volatile Investment?

Posted by on Dec 28, 2009 in Gold | 2 comments

In my continued exposure of those who write articles that misrepresent gold I’ve run across an article written recently by former Ronald Reagan chief economic adviser and current Harvard Economics Professor, Martin Feldstein called “Is Gold a Good Hedge?” I dissect Feldstein’s article that is full of what I believe to be deliberate misinformation to confuse readers as to...

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The Odds of Recession Is Over Version 2.0 Occurring Are as Likely as People Realizing Michael Moore is a Capitalist

Posted by on Oct 23, 2009 in Economy | 0 comments

In looking over some of the Peter Schiff was right videos from the past few years, I ran across one of CNBC’s regulars, Dennis Kneale’s predictions in June of 2008 that “the recession is over.” In this video Kneale uses the old axiom touted by some financial advisors and the media that the percentage you should invest in stocks is calculated by taking 110 minus your age. ...

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Bernanke and the Fed Have Saved Us: Recession is Very Likely Over – Don’t Believe It!

Posted by on Sep 15, 2009 in Economy | 1 comment

Good new everyone!  Federal Reserve Chairman Ben Bernanke has publicly declared that the recession is “very likely over!”  That’s interesting because just today, the checkout lady at the grocery store was telling me she’s broke because the store has cut back her hours. I continually get a pulse of whether the recession is over by talking with people who are actually in...

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Digger’s Friday Triple Play

Posted by on Jul 17, 2009 in Budget deficit, Economy, FDIC, Government Spending, Inflation, Recession, U.S. Dollar | 0 comments

Budget Deficit Tops $1 Trillion for First Time The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar. The deficit has been widened by the huge sum the government has spent to ease the recession, combined with a sharp decline in tax revenues. The...

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