In Update XII, which was published 2 months ago, it was stated:
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.
The newest deceptions are with jobs and housing. Each is much worse than reported. The housing decline might be as much as 15% worse than reported, which leads to much bigger job loss than is reported.
I started to put a chart together, tonight, to show a simple relationship but as usual got carried away.
In the last update, published on or after 16th April, we expected gold to drop back from the $690 area due to the bearish COT structure, and that is what has happened.
It is practically impossible to find a government economist, central banker, or private mainstream economist today who shows the slightest concern for the store-of-value function of Money.
Russia and China have become a major problem. Everywhere one turns, there is Russia & China at odds with the United States.
Until recently, the greatest threat to investors in gold shares was commonly perceived to be toxic hedge books.
Paper money, over the years, and in all lands, have taken all forms and designs. These designs are universally created to instill trust. Things are no different now than they were when paper was first invented.
With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal.
Even the gold plated bears are turning bullish on the industrial equity markets.
Why?
The short answer: "Inflation"
Carlo "Charles" Ponzi (1882-1949)
Born in Parma, Italy, Ponzi immigrated to America in 1903 and was quick to show his entrepreneurial flair.
All the conditions were there, a euro currency breakout, a British sterling currency breakout, and pronounced USDollar weakness. The sterling exchange rate even hit $2.00 to capture a tremendous amount of attention.
It may come as a shock to many of you, but I too believe that we are experiencing a "Goldilocks" economy. However, unlike most on Wall Street I do not define this as economic growth that is neither too hot nor too cold.
On June 3, 1963, John Fitzgerald Kennedy, the then President of the United States, issued an Executive Order, which appears to still be in effect. It basically states that the United States Treasury shall issue silver backed dollars...
With the price of Gold less than 7% off of its six year high, I am amazed by how nervous more and more Investors or shall I say Gold traders are becoming.
Many investors have been taken by surprise by the sudden strength in the broad US stockmarkets, especially given the severe structural problems of the US economy.
As the Dow burst through the 13,000 milestone this week, few understood the hollowness of the achievement.
The following editorial is an excerpt from "Tedbits: The Economic and Financial NO SPIN ZONE" weekly newsletter by Ty Andros, to view the rest of this commentary or to subscribe, go to of
We've seen how the prices have gone up over the years, which merely means that the dollar has been inflated, or its quantity increased. Why?
Throughout the entire 2004 and 2005 years, the global financial markets were subjected to utter nonsense and propaganda about a new Macro Economy. Its main pillar was the recycle of vast Asian trade surplus into USTreasurys.
Before grappling with and trying to solve any problem, one must first accumulate and then examine the real facts.
This essay assesses the probability that the world economy may be on the brink of spiralling out of control.
People continually ask me about all kinds of physical silver investments. I have avoided writing this article for years because people are always telling me to not say anything bad about anyone, or your competition.
We've been measuring and reporting Demand Power and Supply Pressure for the Blue Chip indices each night for several years.
With this week's release of an apparently benign CPI report, Wall Street resembled Munchkin Land celebrating the death of the Wicked Witch of Inflation.
The argument about inflation vs deflation is predicated on a Keynesian thought paradigm. When too much money chases too few goods, the value of money falls and prices of everything else rise.
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China has only 2% of its Total Foreign Reserves in gold.
