Greece

The stock market plunged hard after S&P downgraded Greek debt to junk status and cut its ratings on Portugal sovereign paper.  What may have taken most observors by surprise is the spike up in gold that occurred, even with a move higher in the U.S. dollar.  Gold has been transitioning this year into its 5000 … Continue reading

Germany’s Prime Minister, Angela Merkel, was in the news today defining the conditions upon which Germany would provide financial assistance to Greece. Included in the list of requirements is a plan…..

Greece Exposes Future & Opportunity By Neil Charnock goldoz.com.au We are looking at a high probability of a rally in the gold price in the coming weeks which will spur gold stocks into upward motion yet again. This is suggested due to fundamental and technical reasons. Inflation (of the money supply), increasing demand and coming … Continue reading

The Greeks are learning the tough consequences of worshiping a false god. For years they sought the blessing of Keynesianism, only now to find it comes with a price…..

Abstract: For all its fatal flaws, the $USD is still king of the hill – and for now at least, the focus of investor optimism has shifted to the United States.

…In a debt crisis, Washington, Wall Street and European governments still seem to think that the only way to “restore investor confidence” is to pump in massive amounts of rescue capital, bail out the sinking ships, and plug the biggest leaks in the system…..

This 30-page update (in PDF form) looks at Precious Metals, Stocks, Commodities, Bonds, Currencies and China….

Video Clips on Gold and issues (sovereign debt, treasury bonds, currencies) related to Gold….

Ferguson notes how spiraling debt and deficits foster a loss of investor confidence…..

The president has proposed a freeze on some domestic spending, but the freeze will impact only a small portion of the budget, would not kick in until next year, and would include a mix of spending cuts and spending increases. It would have zero impact on the 2010 deficit and little impact on future deficits.