March 2008
March 31, 2008 –
As the next step in this unfortunate process, we can expect an uptick in the numbers of municipalities claiming outright insolvency, and requiring emergency assistance from... guess where... the federal government. Most state balance sheets are similarly strained, and certainly won't be able to bail out entire municipalities. [more]
March 29, 2008 –
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RELATED TICKERS: JPM
, BSC
, MER
Lest we forget... the Fed is not a government agency, but a consortium of private banks!!! So now a state-sponsored banking cartel will be regulating the very markets that have made them so very wealthy all these years! This is starting to look more and more similar to the events of the Great Depression. [more]
March 28, 2008 –
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RELATED TICKERS: JPM
, BSC
Ten Days That Changed CapitalismOfficials Improvised
To Rescue Markets;
Will It Be Enough?
March 27, 2008; Page A1
The past 10 days will be remembered as the time the U.S. government discarded a half-century of rules to save American financial capitalism from collapse. [more]
March 25, 2008 –
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RELATED TICKERS: GLD
, IAU
, CEF
The article pasted below is from SeekingAlpha.com, written by James West. While I don't agree that the $2,000 mark is the very next step, as that would seem to suggest that it will get there without any further corrections or sideways trading, I wholeheartedly agree with the price target as a conservative long-term target for gold sometime in the next 2-4 years. Here is a link to an article I published on the topic, so you can know my view as well. [more]
March 24, 2008 –
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RELATED TICKERS: GLD
, CEF
, IAU
March 23, 2008 [more]
March 24, 2008 –
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RELATED TICKERS: SLV
, CEF
, HL
Strangely enough, physical silver became very scarce last week right smack in the middle of a dramatic 20% decline in the spot price for silver and related futures contracts. In follow-up to the article linked above, I would like to list some of the sources of information. [more]
March 20, 2008 –
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RELATED TICKERS: CEF
, CDE
, HL
Bravo, Fed! Bravo, Plunge Protection Team! Bravo, gold and silver cartel! [more]
March 17, 2008 –
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RELATED TICKERS: TOL
, KBH
, RYL
[more]
March 12, 2008 –
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RELATED TICKERS: GG
, NEM
Goldcorp forecasts sustained $1,000/oz gold price
Goldcorp Mining President and CEO Kevin McArthur said Monday that gold demand is so strong, “We’re going to run out of gold.” [more]
March 07, 2008 –
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RELATED TICKERS: ABX
, IAG
Before you buy a gold miner, check this report to see its hedge position... it's a very important factor in projecting cash flows going forward. In general, companies have been scrambing to buy their way out of hedge positions, but some have done better than others. Barrick Gold, for example, has a large hedge position at extremely unfavorable prices compared to most competitors. As I pointed out in a January post, Barrick execs sold massive quantities of company stock recently, and this left me wondering why. I now suspect it could have something to do with these unfavorable hedge positions. [more]
March 07, 2008 –
M3 is the broadest measure available of the total number of dollars out there, but the U.S. government ceased publishing the statistic in 2006. If the extrapolated data on this chart are correct, then it's clear why they stopped publishing M3. Again, I am not endorsing the accuracy of this data, and I have not looked closely at how Mr. Williams arrives at his data... I just came across the site and found it interesting. [more]
March 07, 2008 –
[more]
March 07, 2008 –
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RELATED TICKERS: GLD
, CEF
March 06, 2008 –
March 05, 2008 –
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RELATED TICKERS: SLV
, IAU
, GLD
[more]
March 05, 2008 –
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