Inflation

Another month and another release of UK inflation data at far above the Bank of England’s target of 2% and above the upper limit of the Banks 1% to 3% range by reporting CPI of +3.4% for May. Thus the BoE Governor, Mervyn King will write another letter to repeat that the high rate of … Continue reading

In the long run, the inflationists are destined to win… but in the here and now, deflationary forces still have the upper hand…..

As Ludwig Von Mises long ago predicted, there is only one choice left for Europe. To save the eurozone economy, the euro currency must be destroyed…

Now nothing… because a target is just a target. We have been here before; those of us who have been around the precious metals markets throughout the current, ongoing secular bull. We have been through the extended periods of questioning by ‘the faithful’ as to why the ancient monetary relic does not keep up with … Continue reading

NFTRH84 stated that ZSL was bought on Friday’s upside in silver to ‘oversee’ silver stocks FR.to and XYZ.to (not its real symbol, obviously), the latter of which was added to last week. For its part, FR was held despite messing with the breakout (neck) line. So, I guess ZSL did its job in losing me … Continue reading

Greece, Europe’s Achilles Heel continues to implode under its budget deficit and total debt burden sending a series of strengthening shock waves across Europe’s credit and financial markets…..

The first “cut” of Q1 2010 estimated GDP was released on Friday. It came in slighly below expectations at a 3.2% annualized rate. This number will be revised a couple times over the next of couple months. Don’t forget that because the Govt underestimates true inflation, any estimated GDP statistic is mathematically skewed too high. That … Continue reading

I’m going to start off by stating that I don’t think Bernanke is going to “get away” with the insane monetary policy he’s chosen. Printing trillions of dollars, cutting rates to zero, trying to manipulate the bond market and generally tampering with the natural market forces is going to have consequences. There is a price that … Continue reading

I think gold is a win-win investment because it’s now knocking on the door of its next rocket ride higher….

Whilst politicians of all the major parties during the general election campaign continue to ignore the giant debt elephant in the room as the general public continue to prefer to be deluded into thinking that Britain can skip the debt crisis that faces the country as a consequence of Greecesk levels of annual deficits and … Continue reading