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Best Medicine for More Quantitative Easing: Gold
There’s plenty of media focus on the annual symposium at Jackson Hole where central bankers and other market personalities meet. The common hope for further quantitative easing by the Federal Reserve...
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World Food Prices Rise at Alarming Rate; Up 10% in July
Food prices are rising at an alarming rate. World food prices jumped 10% in July from June! The price of corn and wheat skyrocketed 25% from June to July and soybean prices increased by 17% in the same...
View ArticleEurozone Citizens Turn to Selling Gold to Save Themselves
Economic uncertainty is in the air and the wealth of the common man is decreasing faster than ever. Consumer confidence is dreadful, unemployment is defective, and the prospects of economic growth are...
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The Fundamental and Technical Argument for Higher Gold Prices
I am going to say it one more time, gold bullion prices are going higher. The shares of quality junior and senior gold mining stocks offer tremendous opportunity for investors. World central banks will...
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Some Facts You May Not Know About the Current Stock Market
Given a slowing economy in China, the continued credit crisis in the eurozone, and the worst post-recession recovery in U.S. history, one would think the S&P 500 has been rallying in the wrong...
View ArticleThe Race for Countries to Devalue Their Currencies Against Each Other Is On
Thanks to record government debt and the fattening balance sheet of the Federal Reserve, the U.S. dollar has decreased significantly in value against other world currencies. All this borrowing and...
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Dow Theory Flashes Sell Signal
The Dow Jones Industrial Average has risen more than 11%. And if I had to choose one reason to explain the rise in the world’s most followed stock market index, it is this: extreme (and unprecedented)...
View ArticleIn the Race of World Central Banks to Print Money, There’s Only One Real Winner
Gold bullion prices have been hovering a little below $1,800 an ounce. As I have been writing, the price chart and demand for gold bullion are still suggesting a bullish outlook for the shiny yellow...
View ArticleCanadian Government Stops Making Pennies—Can the Effects of Inflation Be Any...
An old adage holds: “A penny saved is a penny earned.” Does that really hold true anymore? Well, in Canada, pennies certainly don’t count anymore. Inflation has killed the penny. The Canadian...
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Steak Houses Struggle as Big Spenders Start to Feel the Pinch
Consumer spending is the fuel of the U.S. economy. When consumers spend more, businesses grow and, in return, the economy grows. As we all know, the current U.S. economy lacks consumer spending and...
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Why the Rush to Buy? China, Japan, Russia, and India All Need More Gold
In the current situation in which central banks are scrambling to build up their gold bullion reserves because it’s something they need to fall back on, which central bank has gold bullion and which...
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Big Public Companies to Let Thousands of Staff Go in 2013
Corporate earnings during the current earnings season have been anything but good. As I wrote yesterday, to add to the misery, corporate earnings for the fourth quarter could be worse than the third...
View ArticleMore World Central Banks Turning to Gold Buying
Every once in a while, I read or hear an analyst or economist say that gold bullion has no future and the price of gold bullion will decline because it’s in a bubble. Sadly, what these financial...
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After a Terrible Q3 Earnings Season, Big Companies Have to Deal with This
If we had any hopes about the corporate earnings of big-cap companies improving, those hopes are close to being thrown out the window now. The most basic calculation of profit includes two factors:...
View ArticleUncertainty, Demand and Currency Debasement to Push Gold Prices Even Higher
I was recently talking to a friend of mine who considers himself a gold bear, somewhat of a rarity amongst my contemporaries. He believes gold prices are in a bubble and they will come crashing down,...
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The Failed Economic Policy of Money Printing
Since the financial crisis of 2008 hit, the main goal of central banks around the world has been to boost lending to businesses and consumers. Their logic: once lending increases, economic growth can...
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America’s Only Choices Left: Raising Taxes, Introducing Austerity Measures
While debt-infested countries in the eurozone are struggling to decrease their budget deficits, the U.S. government is reporting an increase in its deficit. For the fiscal year of 2012, the federal...
View ArticleIn the End, Why Going Back to the Gold Standard May Be the Only Alternative
What no politician has the guts to do: Step 1: stop printing more fiat currency; Step 2: have all fiat currencies backed by gold. It wasn’t too long ago that the global economy had the gold...
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Michael’s Gold Machine Picture
While traveling home from India last week, I spent some time in Dubai. After seeing the strong demand amongst consumers for gold in India, I thought I had seen it all. That’s until I got to Dubai and...
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Housing Market Improving as First-time Buyers Exit?
Looks like there’s a wave of optimism towards the housing market in the U.S. economy. Mainstream gurus are arguing that, because existing home sales are up and home prices are rising, we have a...
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