Calm before the storm, gold set to rise
Monday, June 30th, 2008 Posted in Economic News | No Comments »THE factors which propelled the gold price to an all time high in March are still in place and it is just a matter of time before the bullion prices once again breaches $1,000/oz.
The Fed and its Mad Money; by Bob Chapman
Monday, June 30th, 2008 Posted in Economic News | No Comments »liquidity problems and the Fed, markets counting on the ill informed outsider investor, spot gold goes up, stimulus stops the negatives, market gains vaporized, dont ignore the positive fundamentals of gold, get ready for change
[Video] Excellent interview on Gold, Oil & betting on a war with Iran
Monday, June 30th, 2008 Posted in Economic News | No Comments »Excellent interview on Gold, Oil & betting on a war with Iran. Max Keiser & Afshin Rattansi
The US dollar is now standing on the edge of Precipice; by James Turk
Monday, June 30th, 2008 Posted in Economic News | No Comments »It has been my view expressed in these alerts and elsewhere over the past several months that there will be a currency crisis this summer caused by a plummeting US dollar. Summer of course began a few days ago, ...
Gold to catch up with oil as inflation brews
Monday, June 30th, 2008 Posted in Economic News | No Comments »The specter of inflation and a bear market in equities is a powerful formula to rekindle investor interest in gold, which looks to be staging a catch-up rally after lagging other commodities in 2008.
[Video] Hennecke Says U.S. Faces Hyperinflationary Depression, Recommends buying gold & silver
Monday, June 30th, 2008 Posted in Economic News | No Comments »Hennecke Says U.S. Faces "Hyperinflationary Depression"
Iraq throws open door to foreign oil firms
Monday, June 30th, 2008 Posted in Economic News | No Comments »But any awards to U.S. and British firms are likely to anger opponents of the invasion, who have said the 2003 war was designed to give Western oil companies control over Iraqi oil reserves. U.S. and British officials have ...
Citigroup says long-term gold price could double or even triple
Monday, June 30th, 2008 Posted in Economic News | No Comments »Citigroup forecasts that "gold is likely to regain $1,000/oz by end-08 and to work higher through 2009-2010."
National debt makes U.S. vulnerable, David Walker
Monday, June 30th, 2008 Posted in Economic News | No Comments »Foreign governments and investors now hold fully half of the United States' total outstanding debt, making Washington susceptible to a new form of geopolitical conflict that Walker calls "financial warfare." says David Walker, who recently finished a 10-year stint ...
Credit crunch forcing US middle classes to live in their cars
Monday, June 30th, 2008 Posted in Economic News | No Comments »Homeless people living in cars and motorhomes across the US are being joined by a new breed: the middle class.
Back to the Great Depression?
Monday, June 30th, 2008 Posted in Economic News | No Comments »Wall Street has had its worst June since 1930. How much worse could the world economy get? He thinks Wall Street and the other main markets have a lot further to drop, and will end up 70% below ...
BIS slams central banks, warns of worse crunch to come
Monday, June 30th, 2008 Posted in Economic News | No Comments »"The current market turmoil is without precedent in the postwar period. With a significant risk of recession in the US, compounded by sharply rising inflation in many countries, fears are building that the global economy might be at some ...
Oil prices pass $143 a barrel; US gas hits high
Monday, June 30th, 2008 Posted in Economic News | No Comments »"The main factors behind the rise today are the U.S. dollar remains fragile and geopolitical tensions, particularly surrounding Iran,"
Oil Shock: Analyst Predicts $7 Gas, Mass Exodus of U.S. Cars
Monday, June 30th, 2008 Posted in Economic News | No Comments »Over the next four years, we are likely to witness the greatest mass exodus of vehicles off America’s highways in history. By 2012, there should be some 10 million fewer vehicles on American roadways than there are today—a decline ...
Sky-High Oil Will Make U.S. Go Broke
Monday, June 30th, 2008 Posted in Economic News | No Comments »Believe it or not, there is plenty of oil in the world. What is in short supply are investors willing to go short oil futures. The open interest on oil futures worldwide is 2.6 million contracts. With oil prices ...
Avoid Dollar At All Costs, Investor Rogers Says
Monday, June 30th, 2008 Posted in Economic News | No Comments »Jim Rogers, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, said investors should steer clear of the dollar as the U.S. economy slows and favor commodities this year. The dollar ...
This will along with everything else put Gold over $1,200.00 + per ounce, OPEC Leader Khelil Says Dollar Will Drive Oil to $170
Saturday, June 28th, 2008 Posted in Economic News | No Comments »OPEC President Chakib Khelil predicted that the price of oil will climb to $170 a barrel before the end of the year, citing the dollar's decline and political conflicts.
U.S. meltdown reason geldinjectie Fortis
Saturday, June 28th, 2008 Posted in Economic News | No Comments »Fortis expects within the next few days to weeks to complete the collapse of the U.S. financial markets. That explains the bank insurers interventions of the series Thursday at dealing with € 8 billion. "We are ready at the ...
It Was Oil, All Along
Saturday, June 28th, 2008 Posted in Economic News | No Comments »Remember, also, that soon after the invasion, Donald Rumsfeld's deputy, Paul Wolfowitz, told the press that war was our only strategic choice. "We had virtually no economic options with Iraq," he explained, "because the country floats on a sea ...
[Video & Text] Let Big Brokers Fail, Buy Gold Not Oil; by Marc Faber
Friday, June 27th, 2008 Posted in Economic News | No Comments »"I think a lot of banks are already bankrupt but they hide their rotten assets in categories where you don't really need to value them," "Buy Gold, Investors should go into gold as its price did not rise as fast ...
Intervention Will Not Stop the Dollars Slide; by Peter Schiff
Friday, June 27th, 2008 Posted in Economic News | No Comments »Talk about Bambi vs. Godzilla! In other words, if the dollar is going to fall, the Treasury is completely powerless to do anything to stop it.
[Video] Gold & Silver = Glittering Returns
Friday, June 27th, 2008 Posted in Economic News | No Comments »Gold will do well in inflationary and deflationary crises, notes Martin Hennecke, senior manager, private clients at Tyche. He tells CNBC's Martin Soong & Sri Jegarajah that precious metals remain his top recommendation to investors.
The Greater Depression & What You Should Do About It!
Friday, June 27th, 2008 Posted in Economic News | No Comments »Reduce your standard of living now (while the situation is still under control), greatly increase your savings (in gold, which is real money) and rig for greatly changed patterns of production, consumption, employment and business for a considerable time. ...
Barclays warns of a financial storm as Federal Reserves credibility crumbles
Friday, June 27th, 2008 Posted in Economic News | No Comments »Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in ...
Oil reaches $142 on view dollar will keep falling
Friday, June 27th, 2008 Posted in Economic News | No Comments »Oil futures climbed briefly to a new record above $142 a barrel Friday on expectations that the weakening dollar, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal.