The Golden Truth

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

I have stopped putting out price targets and timeframes for the precious metals.  What I tell anyone who asks is that I don’t know where the price will be next week or next month, but I will guarantee you that the price two years from now will be significantly higher than where it is now. … Continue reading

Not much explaining necessary here.  The prices of all commodities are skyrocketing.  The rapidly devaluing U.S. dollar vs. everything will soon reverberate through to your check-out tab at Walmart and Nordstrom’s.  Of course, as our system descends into Randian/Orwellian Governmental depravity, expect even less truth and more b.s. coming from all corners of D.C.  I … Continue reading

Looks like India was in serious “buy” mode last night after the London/NY ambush of paper gold. Per JB’s invaluable report to be found at http://www.lemetrolecafe.com….

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence.  Destroyers seize gold and leave to its owners a counterfeit pile of paper.  This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values.”   – Atlas … Continue reading

China Warns About The Dollar (I know a lot of you saw this article already, but I am compelled to add my  2 cents, especially since the reader who has incessantly busted my stones over my bearish dollar call has disappeared) When China speaks, the U.S. should listen: Any appreciation of the dollar is “really … Continue reading

AngloGold Ashanit (AU) announced this morning that it will raise $1.2 billion, which will be used in conjunction with cash on…..

I decided to check in with the chart of the US Dollar index this morning. When the dollar bounced from a rediculously oversold “technical” condition in early August…..

Does anyone really believe that?  Does Banana (Republic) Ben Bernanke really believe that?  If Bernanke truly believes that there is no inflation in the system, then he is a complete idiot.  If he understands the truth but continues to pontificate about no inflation, then he is a psychopathic serial liar.  In either instance he should … Continue reading

From today’s JB report found in the Midas’ commentary at http://www.lemetropolecafe.com/: Reuters has a colorful story datelined Singapore today: “The market is very hot. There’s plenty of physical demand and I can’t meet the orders. It’s from India, Indonesia and Thailand,” said a physical dealer in Singapore. “Basically we are seeing buying from jewellers and … Continue reading