Bob Chapman of the International Forecaster on the Proof Negative Show 12/7/10
Bob Chapman wrote in the International Forecaster of the 8th December 2010 about Europe :".....Europe is worse than it has ever been in spite of so-called rescues. While on radio and TV and in the press in Greece, England, Ireland, France and Germany, we told listeners long ago that the only way for Greece, Ireland, Portugal and Spain to go was via default, leave the euro, bring back their old currencies at low levels and leave the euro zone as they cut domestic spending by 1/3 and raise taxes slowly. That way they would have a five-year depression. By taking a bailout they will be slaves of the banks for the next 30 to 50 years. These are the banks that should have never made the loans and bought the bonds in the first place, because they knew it was imprudent, and that the funds for these purchases in part were created out of thin air. All that is being done for Greece and Ireland is that governments are lending them money, so these countries can pay off the banks, so the banks won’t go under. As you can see there is no exit strategy in the US or Europe. They are all entrapped in Keynesianism, which we believe is no more or less than corporatist fascism...."
Thursday, December 9, 2010
Base Metal Stock Winners
NEW YORK (TheStreet) -- Dan Dicker, senior contributor for TheStreet, reveals 4 stocks he would be buying as oil prices head higher.
Gold and Silver Prices forecast
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, reveals whether gold prices have more juice in their rally or if a bigger correction is in store.
Jon Nadler :...Short term I think we'll get more of the same which -- volatility. Wide swings. Punctuated by. You know seldom used by the rumor and less -- the point is that as we -- the corner into the year -- you know homestretch. We're gonna get some profit taking from from funds that have been quite profitable on these positions. And we're gonna get perhaps -- reaction to any kind of -- So that type of volatility. I think -- stay we'll have to see also what happens with China because that could be real wildcard in this equation if -- tighten sooner than later. -- Well you know the trend may have been truncated here actually if if key support levels -- broken around the thirteenth having your lower than we could have more meaningful correction most of which has been really absent from this particular market. For a number of months now we really haven't seen anything of a significant size clean out. Gold broke to new -- Well it it it only means that a near record was etched into the books most of what was achieved. In the second go around beyond fourteen -- quarter. Was really momentum driven sentiment driven men and really not based on on on fresh business thinks that this isn't -- but. Yeah precisely -- that that would be a case of gold on steroids. -- But the moment it's really remains. Around 2890. And if it breaks of course 27 and 25 then we're looking down into the zone anywhere from nineteen to 23.
Jon Nadler :...Short term I think we'll get more of the same which -- volatility. Wide swings. Punctuated by. You know seldom used by the rumor and less -- the point is that as we -- the corner into the year -- you know homestretch. We're gonna get some profit taking from from funds that have been quite profitable on these positions. And we're gonna get perhaps -- reaction to any kind of -- So that type of volatility. I think -- stay we'll have to see also what happens with China because that could be real wildcard in this equation if -- tighten sooner than later. -- Well you know the trend may have been truncated here actually if if key support levels -- broken around the thirteenth having your lower than we could have more meaningful correction most of which has been really absent from this particular market. For a number of months now we really haven't seen anything of a significant size clean out. Gold broke to new -- Well it it it only means that a near record was etched into the books most of what was achieved. In the second go around beyond fourteen -- quarter. Was really momentum driven sentiment driven men and really not based on on on fresh business thinks that this isn't -- but. Yeah precisely -- that that would be a case of gold on steroids. -- But the moment it's really remains. Around 2890. And if it breaks of course 27 and 25 then we're looking down into the zone anywhere from nineteen to 23.
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