Switching to a corporate example, I used to be a regular buyer of Toyota cars. They were well made, innovative, and suited my changing needs over the years. And I wasn’t alone – in 2007 they became the world’s largest automobile maker, with a global manufacturing and distribution system that made them appear dominant. Behind the scenes, though, entropy was at work.
In 2008, when the time had come to lease a new car, I reflexively headed over to the local dealer fully expecting to drive off with yet another Toyota, just as I had done several times over the previous decade or more. But as I walked around the showroom, it was impossible not to notice that the company had lost its edge. The cars on offer were not only more expensive than the competition, but even the newest models had that “so yesterday” look about them…

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Oddly enough, where the mountains were once the guerillas’ strongholds, now they are relatively safe. Basically, where there’s good infrastructure, the army can deploy easily and the rebels don’t stand a chance. Up by Ventana and Greystar, I’m told, some 300 guerillas were cornered and wiped out to the last man. No prisoners in this war. So, they have been pushed out into the most remote regions, which are out on the jungle plains where there are no roads. One project I wanted to see is on the edge of those plains to the west, and the company politely said it was not yet safe… but that there’s a new army base nearby, so in time, the violence will move away.

Continue reading " Columbia – Investing Again In Mining Stocks "

I happened to surf over to StockGumshoe.com and saw a mediocre review of The Casey Report. I find the site a bit hard to navigate and perhaps I did not see the entire review, but here is the comment I posted in reply:
The Casey Report is one of the most complete analysis I receive in [...]

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What the Deflationists Are Missing
by David Galland, Managing Editor, The Casey Report
An interesting article by Ambrose Evans-Pritchard came my way the other day. It’s worth a read, if for no other reason than that he paints an appropriately dark picture of the current state of the U.S. economy. You can read it here.
While I very [...]

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Now that gold is in record price territory (in nominal dollars) I certainly hope you took our advice to be a buyer on any dips all the way up.
Unfortunately, there really have not been any dips to speak of, at least not lasting more than an hour or so, for the past $200 of gain.
Silver [...]

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Much has been written about getting physical gold out of the United States. This article actually touches on the additional topic of how many people even know what a gold coin looks like, let alone own one (or more).
One of Casey Research’s readers sent this note to editor David Galland regarding his experience taking 20 [...]

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DAVID GALLAND: Could you provide us a quick introduction to generational research?

NEIL HOWE: We think that generations move history along and prevent society from suffering too long under the excesses of any particular generation. People often assume that every new generation will be a linear extension of the last one. You know, that after Generation X comes Generation Y. They might further expect Generation Y to be like Gen X on steroids – even more willing to take risk and with even more edginess in the culture. Yet the Millennial Generation that followed Gen X is not like that at all. In fact, no generation is like the generation that immediately precedes it….

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This from David Galland of the Casey Report:
A recent article in Bloomberg suggested that the federal government has its sights on the muni bond market and is considering replacing their tax-free status with a credit that the federal government would adjust based on the type of bond and its “perceived benefit to the public.” It [...]

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Green Shoots or Greater Depression?
By Bud Conrad/David Galland, Editors, The Casey Report
While we aren’t contrarian for the sake of being contrary, more often than not that is the position in which we find ourselves. Today, with the media falling all over itself to paint a rosy outlook for the economy while simultaneously voicing encouragement to [...]

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Is Natural Gas Cheap?
By David Galland, Casey Research
At the height of its late 2005 rally, natural gas in the U.S. was selling for just over $16/MMBtu, 350% higher than today’s price of $3.56. The oil/gas ratio, now over 18, is an all-time high… suggesting that natural gas is dirt cheap. So, it’s a buy, right?
In [...]

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