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Bloomberg reports that the era of cheap money for municipal borrowers is over, citing the Bay Area Toll Authority’s recent of auction of bonds at rates as high as 5.33%. How long before the era of cheap money is over for everyone? If you believe it’s not long, I suggest you unload your US Treasuries […]
Full video of Dennis Gartman on CNBC Thinks oil will drop to $80-90 range He’s not crazy enough to try and short the market Believes oil’s bull run will be on ice for the next couple of years Is short Toyota and long Harley Davidson – believes people will downsize their transportation (not sure if […]
If you, like me, are wondering where you’ve gone wrong in your trading over the past couple of months – we can take some minor solace in this fact. The CRB commodity benchmark index fell over 10% in July, marking the worst month for the index since 1980 (which, incidentally, marked the end of the […]
Kevin Kerr gives CNBC his thoughts on the oil market. Kevin makes a great point – demand destruction is overblown, as it took $140 oil for to trigger a measly 2.5% drop in US demand. A drop in the global bucket, he says. He sees oil back up towards $150 by years end. I agree […]
Rick Rule, if you’re not familiar with him, is a legendary metals and mining investor. In this interview with Gold Report, he gives his thoughts on the disconnect between metal equities and the metals themselves, along with his outlook for the US dollar and metals. A quick teaser/summary: Believes the disparity between gold stocks and […]
Here’s our buddy Jim being interviewed by the UK newspaper the Telegraph – good old Jim is cheery as always, and predicts the US central bank will fold within the next decade or two, because it is “so bad”.
Bud Conrad is the Chief Economist at Casey Research, an offbeat, very insightful, investment research service that I subscribe to. Folks from Casey Research are rarely quoted in the mainstream press, as their level of thinking is a bit too deep for the dolts on regular financial news. Here’s a nice clip of Bud being […]
Clip of Ron Paul breaking down the housing bill for us laymen without the time or inclination to pore over 700 pages of legislation. It made me a) sick, b) terrified for the future of our country, and c) calculate my current gold/silver holdings again in my head.
Oh man – if you thought the US could create a credit bubble, you ain’t seen nothing yet. The always entertaining Mogambo Guru of the Daily Reckoning comments that an increase in Chinese citizen credit card usage “is also in line with government goals.” This is a country that saves a huge percentage of their […]
Forbes article Soros expects the oil/gold ratio to decline, closer to its historic average of 10. He expects gold to hold its ground, even if oil were to decline.
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