Many investors have asked where has Alan Greenspan and his Federal Reserve and so-called "Plunge Protection" team been all through the current traumatic year?
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
It is interesting how, when you are long a particular investment, you try to find reasons to justify the long position; and when you are bearish and out of the market you tend to want the market to fall.
I'll never forget the raspberries Gold Eagle writers used to get, when we accurately predicted the stock market crash. "You guys are nuts," is basically what our dire warnings were greeted with, by the 90% who disagreed with us.
Politicians intent on re-election have stirred up a media frenzy over "corporate governance," exploiting the bankruptcies of a handful of companies like Enron and Worldcom.
During my nine years dealing with speculative stocks and cycles, I have noticed that during such times you develop somewhat of a procedure that separates the "wheat from the chaff".
Among the obscure financial reports that have more pages than readers is one from the Bank for International Settlements.
I am producing this issue early as having poured over all my gold data for the past 48 hours I have reached the conclusion that the gold price is on the verge of an explosive cata
So what if the Dow goes up by 15% over the next three to four months. That's no consolation to anyone that watched it drop 30% in the past four months.
"Despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
One of the enduring myths about government is the notion that successful governments are those entities that "provide prosperity" for those who are governed.
Gold futures fell out of the proverbial bed on Friday (July 26), falling to a 4-month low just above the psychological $300 mark.
This could be America's next nightmare, and possibly even worse than the stock market going down the tubes. Think about what has been the second biggest balloon of late.
With the recent meltdown in stock prices, some economists have said that there is no need to be concerned because the stock market does not reflect what is happening to the economy.
Most global gold indexes, as well as the bullion price, peaked in late May. At that point of time the Dow was trading at 9900 and has since fallen 23% in just eight weeks.
Gold rallied over $320 an ounce, ending a month long correction as the euro rose above parity against the dollar. We believe the second leg will begin shortly and will see $375 per ounce before the yearend.
Argentina's recent bankruptcy and the spreading financial turmoil in its neighboring countries are just the latest chapters in Latin America's long history of foreign debt and default.
Monday, July 15th, will go down in the history of stock market trades as the pinnacle of manipulation. July 15th will be used as the classic case of the PPT in operation.
HITS FOUR-YEAR LOW... The Dow tumbled 400 points today and, more importantly, finally broke last September's low. The Dow is the last of the major averages to fall below the lows of last fall.
I dedicate this Lecture to the memory of Ludwig von Mises, monetary scientist and teacher, who exposed the motives for Gold Wars as follows:
The Long-Term Outlook - Yearly Time Frame... Technical Analysis (TA) is the study of price trends and volume over various time frames.
The stock markets are starting to resemble a dying man fighting off the vultures. The lies that fed the economic illusions of the last decade are being revealed plainly now.
The current market in Australian precious metals stocks is lethargic and showing no imminent signs of improvement (the whole market in fact).
People have always been fascinated by gold. It is thought that the first example of the metal being used as coinage was around 630 BC. It was certainly minted by Darius, King of the Persians in 500 BC.
"Of all men's miseries the bitterest is this: to know so much and to have control over nothing." -- Herodotus
Gold Money Is the Root of All Good; Paper Money Is the Root of All Evil
- A Blueprint for a New Gold Coin Standard -
- A Blueprint for a New Gold Coin Standard -
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In every cubic mile of sea water there is 25 tons of gold
