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Last week, Barron’s published their annual roundtable for 2012 – again featuring two of our very favorites in Marc Faber and Felix Zulauf. Faber stole the show when he predicted that World War III would begin within five years: “On another optimistic note, World War III will occur in the next five years. That means […]
Analysts agree – they’re wildly bullish on gold! From Hard Assets Investor: The analyst community remains overwhelmingly bullish when it comes to gold in 2012. Respected precious metals consultant GFMS came out Tuesday with its call for $2000/oz gold within the next year. “Concern over nearly all currencies’ long-term value remains acute, and this includes […]
Our daily Italy Debt Watch continues! Yields are once again hot, up another 5bps at I type (11:30am Pacific time). Italy 10-year yields are blowing up! (Source: Bloomberg) The most popular story on Bloomberg today features hedge funds piling into bets on the European debt crisis getting worse: Hedge funds that trade bonds and loans […]
The reported end, or at least pause, of QE, is exactly what the deflation camp has been waiting for. (Well…sort of. Since some liquidity is going to be hanging around in the form of “QE2.5”. Remember when Bernanke claimed that after QE1, the Fed would remove the excess liquidity from the system?)Regardless, after June, the […]
Regular readers know that our Contrary Investing stance is that we believe we are still in a secular bear market – one that most likely began in the year 2000. Bear markets typically last roughly 14-18 years or so. Which means it’s unlikely we saw a bottom in March 2009. Furthermore, price-to-earnings and other valuation […]
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