Harry Schultz of the International Harry Schultz Letter is saying that the deflation he sees in the world economy today must work through and out of the system before the gold price will make a decisive move. Schultz is highly acclaimed in his prognostication, however 2008 was a pretty bad year for him. While I [...]

Continue reading " Harry Schultz Sees Deflation Holding Back Gold Price "

Not that I needed it, but in support of my comment about most financial advisors being morons in my year-end missive posted (and emailed) yesterday, this cartoon says it all. A similar cartoon I’m sure has been done illustrating how stupid it is for Detroit auto makers to receive condemnation and advice from the U.S. [...]

Continue reading " Broken Down Banks and Brokerages Offering Advice to You and Me "

Christmas Day, 2008 I wish each and every one of you a happy and safe Holiday season! I do so with the sad realization that for some that is easier than for others. It’s been quite a year. Few people are rejoicing at the results of their year, especially investment-wise. For those of us who [...]

Continue reading " Merry Christmas – If You Can! "

The eBay Index The one place that shows you how much gold is really worth By the editors of BIG GOLD Anyone who has watched the price of gold lately must have felt that something was off. While public demand for bullion coins went through the roof and major bullion dealers ran out of coins [...]

Continue reading " How Much Is Gold Really Worth? The eBay Index "

The battle rages over whether we can expect inflation or deflation; and naturally your investment decisions will be proven correct or incorrect based on which wins the battle or maybe the war. The same people who have argued whether the dollar is going up or down, oil is going up or down and gold’s direction [...]

Continue reading " The Battle is On: Inflation vs. Deflation "

SELL! Can we be any more clear than that? Richard Russell commented on two charts of the U.S. Dollar, and everyone is printing that. I want to do more than just reprint it here. (In case you didn’t see it elsewhere, the Dollar has put in a classic head and shoulders top AND broken below [...]

Continue reading " Richard Russell Gives Advice On The U.S. Dollar "

Today we have another guest editorial from Olivier Garret of Casey Research. As he points out, one tiny benefit of this financial debacle is the tightening of credit card standards that leads to less junk mail to shred. It astounds me how the financial stocks are still capable of the occasional bullish day like last [...]

Continue reading " Credit Card Crisis Looming – Effect on Banks "

Last week when I listened to Dennis Gartman on Al Korelin’s show, gold was at about $765 and Dennis said he was comfortable being “short of gold”. Today, gold is touching $830, Mr. Gartman’s stop is somewhere in the low $830′s and I’m just wondering if he is still comfortable being “short of gold”. The [...]

Continue reading " Gold at $830, is Dennis Gartman Still Comfortable? "

The Real Cost of the 2008 Recession By Olivier Garret, CEO, The Casey Report, www.caseyresearch.com It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession.  [...]

Continue reading " The Real Cost of the 2008 Recession "

Dennis Gartman spent a few minutes on Al Korelin’s radio show talking about gold and it’s future price. Dennis Gartman disagrees with the typical guest on Al’s show. Dennis is comfortable being short of gold and feels the near term price is down. In fact, continuing to be at odds with other guests of the [...]

Continue reading " Dennis Gartman Talks Gold on Al Korelin’s Show "