Saturday, February 18, 2012

James Rickards: Paper, Gold or Chaos?

from ChrisMartenson.com:
History is replete with the carcasses of failed currencies destroyed through misguided intentional debasement by governments looking for an easy escape from piling up too much debt. James Rickards, author of the recent bestseller Currency Wars: The Making of the Next Global Crisis, sees history repeating itself today – and warns we are in the escalating stage of a global currency war of the grandest scale.
Whether it ends in hyperinflation, in the return to some form of gold standard, or in chaos – history is telling us we can have confidence it will end painfully.
Read More @ ChrisMartenson.com





CME Group Places Bid for London Metal Exchange

from SilverDoctors:
The fallout (decline in trading volume) from the MF Global fiasco must be greater than ever we imagined. Less than 2 weeks ago the CME announced the launch of a clearing service for OTC London gold derivatives. Reports surfaced from Bloomberg today that the CME Group is now attempting to acquire the world’s largest metals futures market, the LME.
CME Group Inc. (CME) has made a bid for the London Metal Exchange as the world’s largest metals futures market plans a meeting next week to consider offers, according to a person with knowledge of the situation.
Read More @ SilverDoctors.com



Greece updates/Iran/High amounts of physical silver standing in February/

Good morning Ladies and Gentlemen: The boys decided on Friday that a raid was necessary and their motive is to try and quell physical demand for our precious metals.   The global financial scene is rapidly deteriorating and all citizens realize their paper currency is nothing but paper and seek the safe haven of physical gold and silver.  Bank runs are occurring daily especially in the weaker more »

 

 

Interpretations From Technical & Intermarket Analysis Depends On Perspective

Eric De Groot at Eric De Groot - 3 hours ago
The Dow Theory, as most interpretations in technical and intermarket analysis, depends on your perspective. While the transports have failed to lead and/or confirm higher highs in the Dow Industrials over the short-term, discriminating trader knows they’ve been leading the Industrials for years. For instance, the Dow Transports established new highs in 2011, while the Dow Industrials did not. ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] more »

 

 

Obama wants cheaper pennies and nickels

Eric De Groot at Eric De Groot - 3 hours ago
As long as the standing Administration supports a stronger - meaning weaker dollar, those pesky little pennies and nickels will only get more expensive to produce. Eventually, Gresham’s law will release its citizen from shackles of expensive coins and paper notes to the freedom of the great cashless society provided by credit. After that, visionary citizens and fund managers will be allowed to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] more »

 

 

A Good Chance That Japanese Stocks Surprise On The Upside

Admin at Marc Faber Blog - 4 hours ago

The most important for Japanese stocks, for them to perform well, is a weakening yen. I think the Japanese, like everybody else in this world, will print money and once they print money and the yen no longer strengthens, I think there's a good chance that Japanese stocks will surprise on the upside. - in CNBC *Related, iShares MSCI Japan Index ETF (EWJ)* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 




The Destruction of Savings by Inflation

by Alasdair Macleod, GoldMoney.com:
Dyanamite on dollarsIn the past, insurance companies and pension funds have been keen to advertise the benefit of compounding arithmetic for savings. Over the last 30 or 40 years the rate has been lifted by inflation, but to understand the cost inflation brings you have to consider the whole savings cycle: not just the accumulation stage, but also annuity values in retirement. Furthermore, the historical experience of a typical working life should be compared with a theoretical sound-money alternative.
Let us assume a man works for 40 years, during which time he invests a fixed amount annually. This is invested mostly in bonds for a return that gives him a lump sum on retirement. The marketing folk stop at that point, but we shall go on. This lump sum is applied to an annuity to give a fixed income for the retiree’s life expectancy. Let us also assume that $1,000 is invested annually, and we shall use the average return on the 10-year US Treasury bond as our yardstick. The result is shown in the table below under the heading of Paper Money.
Read More @ GoldMoney.com





Mercenary Geologist Mickey Fulp – January’s Bull Stampede into February – 02-17-2012

from The Financial Survival Network:

We sat down with Mickey Fulp and while there’s not a lot to be happy about, many markets have been going up since the first of the year. And as the old Wall Street Maxim says, So goes January, So goes the Year. And you have to take your profits while you can get them. But of course you always need to have a core holding of gold and silver. The rest is extra money that you’ve hopefully been able to grow during the course of a very tough couple of years. There’s absolutely no indication that anything has fundamentally improved of that any of the long standing, intractable problems have been solved, but Wall Street doesn’t seem very concerned about these issues. But you should be, because one day they’ll wake but it will be too late.
Copper’s been heading down a bit since January, seems the Chinese have been hoarding it. And perhaps the most surprising developments, the US approved two new nuclear power plants to be built in Georgia and the Germans are restarting several shut-in nukes. While nuclear power’s rebirth in the West has been greatly exaggerated, perhaps reality is now catching up. Uranium stocks haven’t had much of a move recently, but that could be changing.
All-in-all financial markets never surprise us with their unpredictability, and 2012 is proving no different.
Click Here to Listen to the Podcast




Wrongheaded UN Vote on Syria

by Stephen Lendman:

Ambassador Vitaly Churkin said one called on “all sections of the Syrian opposition to dissociate themselves from armed groups engaged in acts of violence,” and urged all countries act to prevent it.
Another rejected amendment called for withdrawing Syrian forces from conflict areas “in conjunction with the end of attacks by armed groups against state institutions and quarters of cities and towns.”
China’s deputy envoy Wang Min affirmed Beijing’s opposition to “armed intervention or forcing a so-called regime change in Syria.”
Russia, China, Iran, Venezuela, and other countries condemned it. Venezuela said it violated Syrian sovereignty and “promote(s) civil war on a large scale.”
Read More @ SJLendman.Blogspot.com





Technician Frank Barbera: Gold Stocks Ready for a Strong Advance

Also, Ryan Puplava with the Market Wrap-Up and Rob Bernard with the Fixed Income Report
from FinancialSense.com:
Popular technician Frank Barbera joins Jim on the program this week. Frank sees gold stocks poised for a strong advance and the dollar ready to roll over and move significantly lower. In addition, Ryan Puplava joins John with his market update, and Rob Bernard joins Jim for the Fixed Income Report.
Click Here to Listen to the Interview




Governments and Statists are an Anachronism

from DollarVigilante.com:

I listened to a debate today between Yaron Brook of the Ayn Rand Institute and Doug Casey on Kerry Lutz’ fine Financial Survival Network that frankly shocked me. I’ll tell you why in a moment. But first, some background.
I’m fairly new to the intellectual discussion of liberty. While I’ve been anarchist minded since my early adulthood I was only officially beknighted an anarchist by Doug Casey himself somewhere around 2004. Before then I thought what most of the brainwashed public thought, that the word anarchy meant violence and chaos. I hadn’t even heard the word libertarian until that same evening.
Read More @ DollarVigilante.com





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