Friday, November 20, 2009
Gold and Silver Set For Parabolic Move Like 1970s? / Commodities / Gold & Silver 2009
By: GoldCore
Gold was unchanged yesterday and remained near record nominal highs as equities fell and the dollar staged a moderate rally. Gold appears to be attempting to consolidate at these higher levels and the unchanged close will encourage the bulls and support is now at $1,130/oz. Gold has moved back up to $1,144.70/oz and remains near record nominal highs in euro and sterling - €770/oz and £690/oz.
Friday, November 20, 2009
Why Investors Can’t Ignore a Rebounding Japan / Economics / Japan Economy
By: Money_Morning
Martin Hutchinson writes: In a visit to Japan in the early 1990s, U.S. President George H.W. Bush threw up over the Japanese prime minister. When President Barack Obama visited Japan last weekend, he offered an effusive bow to the Emperor Akihito.
Politically, U.S.-Japanese relations have improved dramatically during that two-decade stretch.
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Friday, November 20, 2009
Gold’s Evolving Supply and Demand / Commodities / Gold & Silver 2009
By: Miles_Banner
Since 2001 gold has been on a bull run. The gold price has had to factor in the results of the credit crunch for the past 2 years. That means for the previous 6 years gold has been rising independent of the worries of investors looking for safe havens. In that time demand has risen from investors, jewellers and industry.
Friday, November 20, 2009
Good Inflation / Economics / Inflation
By: Joseph_T_Salerno
Last week a student in my MBA-level intermediate-macro seminar raised a provocative question. We were discussing the various kinds of (price) deflation and which kinds, according to Austrians, are benign and accommodate consumer preferences, and which are malignant and conflict with consumer preferences.
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Friday, November 20, 2009
Is the U.S. Dollar Euro On the Turn? / Currencies / Forex Trading
By: Seven_Days_Ahead
The Technical Trader’s view:
Friday, November 20, 2009
Obama in China Opening the Doors for Wall Street, Nothing More / Stock-Markets / China
By: Mike_Whitney
Barack Obama took Hu Jintao to task this morning, scolding the dejected-looking Chinese leader at a press conference held in Beijing. Obama delivered one ferocious jab after another, claiming that China's dollar-peg has cost the US millions of high-paying manufacturing jobs while creating gigantic trade imbalances which have destabilized the global economy and thrust the world into severe economic contraction.
Friday, November 20, 2009
Keynes the Man as Rotten as His Economic Theory - Part 2 / Economics / Economic Theory
By: Murray_N_Rothbard
Keynes's Political Economy
In The General Theory, Keynes set forth a unique politicoeconomic sociology, dividing the population of each country into several rigidly separated economic classes, each with its own behavioral laws and characteristics, each carrying its own implicit moral evaluation. First, there is the mass of consumers: dumb, robotic, their behavior fixed and totally determined by external forces. In Keynes's assertion, the main force is a rigid proportion of their total income, namely, their determined "consumption function."
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Friday, November 20, 2009
Keynes the Man as Rotten as His Economic Theory / Economics / Economic Theory
By: Murray_N_Rothbard
John Maynard Keynes, the man – his character, his writings, and his actions throughout life – was composed of three guiding and interacting elements. The first was his overweening egotism, which assured him that he could handle all intellectual problems quickly and accurately and led him to scorn any general principles that might curb his unbridled ego. The second was his strong sense that he was born into, and destined to be a leader of, Great Britain's ruling elite.
Friday, November 20, 2009
Stock Market Some Selling... Should Be More...Nothing Terrible / Stock-Markets / Stock Index Trading
By: Jack_Steiman
A lateral range is simply that, a lateral range. It frustrates. It's annoying. The bulls want things to break out and the bears want things to break down. The bulls have had the best of it for sure and we have come oh so close many times to making that breakout move. We were on the cusp once again and once again the bears came in at the very top of those wedges and took the market down, especially the technology stocks. Those are the stocks that are most overbought and to be blunt, most frothy thus they took the biggest hit.
Friday, November 20, 2009
The U.S. Recession Jobless Interest Rate Conundrum / Economics / Recession 2008 - 2010
By: Tim_Iacono
Just about everywhere you look these days in the financial media, when the topic of discussion turns to the plunging U.S. dollar, you'll hear someone saying something like, "Unless the Fed raises interest rates, the dollar's got nowhere to go but down".
And then someone invariably says, "But the central bank can't raise interest rates. Not with the unemployment rate at over ten percent!"
Friday, November 20, 2009
U.S. Economy is a Geriatric on Viagra / Economics / US Economy
By: Brian_Bloom
A retired friend, an academic in a field unrelated to the subject of economics or finance, recently asked me to tell him what I thought was happening in these (to him) surreal worlds. Why are some people so bearish that they were effectively anticipating the end of the world whilst others are insisting that a bull market is upon us?
Friday, November 20, 2009
Obama Warns of Double Dip Economic Recession / Politics / Recession 2008 - 2010
By: Danny_Schechter
When I was a kid, a “double dip” was an ice cream cone with two scoops. Yummy,
Today, the same expression is being used to warn us that the recession we are still struggling with could, and is supposedly posed for recovery could fall even deeper into another dip. That d word seems to be a substitute for another—a depression.
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Friday, November 20, 2009
The Great U.S. China Romance / Politics / Global Economy
By: Bill_Bonner
The newspapers are a-buzz with stories of Obama’s trip to China. The Financial Times tells us what “he should have said.” According to the FT, the American president should have told the Chinese that he wasn’t going to put the US into depression just to protect the value of China’s dollar holdings.
Friday, November 20, 2009
Gold Steam Roller Running Towards $1300 / Commodities / Gold & Silver 2009
By: INO
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.
Friday, November 20, 2009
Betting on Beryllium for the New Nuclear Fuel Technology / Commodities / Energy Resources
By: The_Energy_Report
James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II, in this wide-ranging, exclusive interview with The Energy Report, discusses beryllium and its energy, military and industrial applications, as well as a burgeoning beryllium-uranium mix oxide fuel technology with the "potential to revolutionize nuclear power by creating a safer and more efficient fuel." Admittedly pro-uranium, Passin mentions two uranium miners he likes, and some exciting developments in copper in Mongolia.