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January 18th 2008 |
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November 29th 2007
POWER SHIFT FROM EAST TO WEST !!!
In this, the final part of our series on the worldwide credit crunch, we examine where the
global economy goes from here, and probe how the balance of power is shifting from West to East.
November 15th 2007
A perfect storm for gold as mines left empty !!!
The era of "peak gold" has arrived.
October 2nd 2007
Worldwide currency devaluations are ahead !!!
The Financial Times story, appended here, about the eurozone's alarm at its strengthening currency
suggests a few things:
September 13th 2007
A SECRET TIME BOMB MADE OF GOLD !!!
A little-known fountain of free money called the "gold carry trade" is in danger of drying up.
And if it does, then markets from gold to bonds and even stocks can be in for a wild ride.
Before even explaining what the gold carry trade entails, let me first say that its demise has
been forecast for nearly a decade. In researching this topic, I found articles as far back as 1998
looking for an explosion in gold prices and commensurate damage to other markets, if not the economy.
In other words, this is a story that is as old as Methuselah.
September 10th 2007
HYPERINFLATION - Jim Sinclair interview.
GoldSeek Radio has done a wonderful interview with gold trader and mining executive
Jim Sinclair in which he explains the worldwide financial crisis as the result of derivatives
gone haywire. Sinclair also argues that central bank responses to the derivatives disaster will
inflate the world's money supply far beyond any point where it might be reduced again when the
crisis has passed. This, Sinclair suggests, can end only in hyperinflation.
September 1st 2007
Gold Price Supression Scheme, alive and well!!
Could the Reserve Bank of Australia have been telling the truth in its annual report for 2003
when it declared, "Foreign currency reserve assets and gold are held primarily to support intervention
in the foreign exchange market"?
July 31 2007
Silver driven down & Ted Butler sees an Ugly new record!!
Silver market analyst Ted Butler reports that the price of silver was driven down last week only by the
creation of the largest commercial short position on record.
Butler's new commentary is titled "An Ugly New Record" and you can find it at GoldSeek's companion site, SilverSeek, here: Full Article
July 24 2007
What Is Happening In Gold - The Battle at Angel $682 - Jim Sinclair!!
A PICTURE IS WORTH A 1,000 WORDS !! - Quote: Jim Sinclair (Mr. Gold) http://www.jsmineset.com/
July 23 2007
Robert Kiyosaki - Booms Were Made to Go Bust!!
During the height of the real estate bubble, I wrote a column saying that the crash was coming
and suggested selling any piece of real estate that was overpriced, questionable, or non-performing.
As expected, I received angry replies.
Today, I'm predicting the next crash, what I believe will cause it, and why it'll be a severe blow to the global economy. The signs are already here. Full Article
July 16 2007
Inflationary blow of Warning!!
If you thought the US Federal Reserve made a grave mistake abolishing data on the M3 money supply
last year, you at last have a heavyweight ally in the City of London.
"The Fed's decision to discontinue publishing the M3 figures increasingly looks like a mistake, " says the group's chief US economist, Paul Ashworth. Full Article
July 13 2007
Yen Posts Weekly Gain as Iran Asks Japanese Refiners to Use Yen!!
This has been cooking for a considerable period of time and this issue had already been breached since March.
Between then and now Japan has refused Iran, betting Iran needs the energy sales income more than they
needed yen payment. The real question now is will Iran shut down Japan as Japan again refuses the yen
payment at the behest of the US Treasury. In time the majority of oil sales out of the Middle East will
be in either one other or a mix of currencies as the dollar moves further and further away from its
previous position as Universal Reserve Asset. This has big implications over time for the Treasury
International Capital Flows report and the price level of the US dollar.
The yen rose against the dollar and euro after Iran asked Japan's oil refiners to pay for Iranian crude oil in the Japanese currency instead of dollars. Full Article
July 6 2007
Money meltdown and they say Inflation is not a problem!!
In recent times the rise in the euro and sterling relative to the dollar has obscured the fact that the world
economy has embarked on another classic "run" on paper currencies that is driving inflation up everywhere.
For several years now, as was the case in the 1970s, all the world's currencies have been depreciating relative to stable benchmarks such as gold. Since the end of 2001, these declines have ranged from 38% (in the case of the euro) to nearly 60% (in the case of the dollar). Full Article
June 26 2007
Carry trade threatens a deflationary global collapse.
The Turkish and New Zealand current account deficits, for instance, are likely to be well into double-digits as a per cent of GDP by 2009!
Unfortunately, sharp reductions in interest rates in the US, UK and the euro area will lead to a rapid unwinding of the global carry trade, perversely threatening to worsen problems in the credit markets. Full Article
15/06/07
Swiss sales dash hopes of gold recovery - NOT!
The Central Banks have made announcements of Gold sales now for the past 7yrs and still have
not been able to thwart the rise of Gold.
Switzerland's central bank is to sell a further 250 tonnes of gold, dashing hopes for a revival in depressed bullion prices after months of heavy selling by Spain and Belgium. Full Article
15/06/07
Oil Rises to 9-Month High on Concern Refiners Won't Meet Demand
June 15 (Bloomberg) -- Crude oil rose to $68 a barrel in New York, the highest close since September, on concern that U.S. refiners
will be unable to keep up with growing gasoline demand.
Valero Energy Corp. shut a unit at its Corpus Christi, Texas, refinery yesterday, according to a state-administered Web site. Refineries in the U.S. and Canada have unexpectedly shut units this spring, paring gasoline production for the peak-demand driving season. Full Article
14/06/07
GATA WILL DEMAND TRUTH ABOUT U.S. GOLD RESERVES
Constitutional scholar, writer, and lawyer Edwin Vieira has been retained by the Gold Anti-Trust Action Committee Inc.
to lead an inquiry into the disposition and possible impairment of United States gold reserves.
Vieira, author of the monetary history of the United States, "Pieces of Eight," is a graduate of Harvard College and Harvard Law School and a renowned spokesman for sound money. Full Article
11/06/07
GOLD – Did Someone Ring a Bell? GOLD MANIPULATION. By: Peter Grandich
Full Article
Wednesday, May 16, 2007
Central banks deliberately supressing the GOLD price!
Spain risks crisis over vanishing FX and gold reserves.
Congressman Ron Paul speaks out in Congress against the Federal Reserve!
Great Video HERE
