The Golden Truth

Let’s breakdown the December trade deficit numbers released today.  For all of December, the trade deficit was $40.6 billion, roughly in-line with expectations and up $2.7 billion from November.  The media is already pointing to the fact that imports increased by $5.1 billon from December to November as the signal that the U.S. consumer has returned and the economy … Continue reading

The amount of debt represents the difference between Government revenues and Govt spending…

I’m getting a lot of fear-based inquiry about the price action in the precious metals sector this week. And for sure, both the financial bubble media and a lot of blogosphere are helping to fuel this fear. So I wanted to comment on the action. To begin with, the BEST contrarian indicator out there – Dennis … Continue reading

How many of you hear these financial advisor morons get on CNBC and discuss what a lousy investment has been over the years?  What?  Oh, it doesn’t pay interest?  Junk bonds paid tremendous interest all thru the 1980’s and then the market crashed hard.  99% of the world lost substantially more in capital loss than … Continue reading

How many of you hear these financial advisor morons get on CNBC and discuss what a lousy investment has been over the years?  What?  Oh, it doesn’t pay interest?  Junk bonds paid tremendous interest all thru the 1980’s and then the market crashed hard.  99% of the world lost substantially more in capital loss than … Continue reading

The gold rush mania that drives the price of gold to unbelievable price levels may well come from a global stampede into the world’s oldest currency that leaves the American hoi polloi left holding worthless U.S. monopoly paper and little else. The best part about the action the in metals is that CNBC/Wall St. Journal/et al … Continue reading

The first one is sourced from the King World News Blog.  The author makes the argument that, on a relative basis, Europe will begin to appear “stable” relative to the U.S.  What’s interesting about this that I was meeting with prospective client who was relating a presentation he heard from some fancy economist who talked … Continue reading

This chart is sourced from Casey Research, Ed Steer’s Gold and Silver Daily.  The Russian Central Bank purchased another 600k ozs of gold in October (some is purchased on the open market, some is purchased from internal mining production).  I think the message of this chart, combined with China’s demure announcement about accumulating a lot … Continue reading

Gold and silver have spiked inexplicably this evening….

Housing – Zillow was out with a report today in which – well, I’ll let the headline from the Housing Wire speak for itself: Home price depreciation to worsen market into 2011 Zillow’s catalyst for this is higher foreclosure liquidations based on current delinquencies and the high degree negative equity embedded across home ownership. They forecast a … Continue reading