Thursday, March 11, 2010
Buy Gold While Supplies Last, Says Fund Manager
Lost in the headlines over the dollar's resurgence in 2010 is the fact gold is still rising in most worldwide currencies. It is also still faring well in dollar terms. Gold is trading at around $1,120 per ounce, up about $60 in the last month. Frank Holmes, CEO and CIO of U.S. Global Investors, a long time gold bull sees no reason for this trend to end.
Hedge Funds Bailing Out of Gold - There is risk of deflation not inflation says Anthony Scaramucci Gold is not going where people are expecting
There is more deflation risk than Inflation , the Gold is not going where people think it will says Anthony Scaramucci, of Skybridge Capital
Anthony Scaramucci, of Skybridge Capital, discusses what's next for gold with the Fast Money traders , There will be no inflation anytime soon without real wage growth , despite the trillions of dollars helicoptered into the economy , without wage growth there is more a risk of deflation than inflation Anthony Scaramucci believes
Predictions for Silver - Gold by Ray Barros
Gold is likely to move higher, while spot silver is looking to drop, says Ray Barros, CEO of Ray Barros Trading Group during a discussion with CNBC's Oriel Morrison.
Foreclosure Rates Climb at Smallest Rate in Four Years
IHS Global Insights Patrick Newport discusses the hurdles facing the housing market.
Martin Feldstein More worried about the US Dollar than the Euro despite the drop
Feldstein Says Euro's Fall an `Overreaction' Over Greece
March 11 (Bloomberg) -- Harvard University professor Martin Feldstein said the euros 4.6 percent decline against the dollar this year has been an "overreaction" stemming from the financial crisis in Greece. Bloomberg's Sara Eisen reports. (Source: Bloomberg)
Why The Sugar Stock prices keep on falling ?
Is sugar an under-performing sector? Experts debate
One sector which has got pummeled over the last week is sugar. There is continuous fall in sugar stock prices across the board. This has become an underperforming sector on fears that the sugar cycle globally and locally has turned and that we have seen the best days for this cycle at least.
Bob Chapman : Pondering Our Collapse While We Watch Others Fall
Bob Chapman
The International Forecaster
March 11, 2010
Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX.
Most observers discuss Europe’s problems and the plight of the euro, pound, and the Danish and Swedish koronas. They believe these European currencies will plunge lower versus the dollar and that the dollar will maintain, even after a dollar rally from 74 to 81 on the USDX. As we have said before the euro was unnatural creation born of a desire to usher in a world currency. As we shall see in the future the euro will fail. In spite of that the dollar is certainly no bargain, because next year America will be totally bankrupt. As a result of the terrible conditions among currencies, gold makes great gains. Last year and so far this year gold is up 10% to 24% against many major currencies. This kind of action of course proves again that gold is the world’s strongest currency. We might add here that we believe that it is only a matter of time before the LBMA, or Comex, or the ETFs, GLDs and SLVs are enveloped in scandal. As so often has happened in history fiat currencies have collapsed. Thus, it will happen again. Those of you not in gold and silver related assets will lose most of what you have worked for your entire lives.
The collapse of currencies and nations won’t happen overnight, because their demise has been planned, and a subtle collapse is in process. Our guess is that next year is when the collapse will finally take place followed by one of the greatest deflationary depressions of all time. During the last 2-1/2 years all the toxic investments have been and will continue to be transferred from the Illuminist banks, brokerage houses, insurance companies and transnational conglomerates to the public. The Federal Reserve is the repository for this junk, which includes Treasuries and Agencies. That means the public foots the bill. Every government and bank in the world will be affected. This magical game of 3-card-Monte will never work and the Illuminists know it won’t work. That is why they have war on demand to distract the public and to escape punishment for the devastating thing they have brought upon mankind. What we are facing is as bad if not worse than the collapse of the Lombard system in Venice in 1348, the year of the plague and the collapse of the Hanseanic League in the 1600s, the creation of the Medici’s. For starters we already have 19 bankrupt or near bankrupt major countries and many others that will be pulled into the vortex of financial and economic calamity. In each country we see the Illuminists doing their evil work, legends in their own minds, in a system that they know cannot survive. They are waiting for orders to pull the plug in each and every country. These masters of the universe all know that prosperity cannot be created by printing money and issuing credit indefinitely. They know full well that such a system cannot survive.
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