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Save the Virgins! By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it regularly transported revelers on junkets between New York and Havana. Then, on the night of […]
Gold Featured on…Saturday Night Live!? The latest sign that the gold market may be a little overheated right now…Saturday Night Live’s Weekend Update featured investment analysis from Scrooge McDuck! http://www.nbc.com/saturday-night-live/video/clips/update-scrooge-mcduck/1165594/ Shout out and thanks to my good buddy Super Joe for sending this one along! New Reports of the Dollar’s Demise: Greatly Exaggerated? From London’s […]
In the inflation/deflation debate, there’s certainly no shortage of moving parts factoring into the outcome. Thus, I have to admit that although I’ve been leaning towards the deflation side of late, at the end of the day I don’t have a clue (nor does anyone else, honestly). One strong argument on the inflation side is […]
Here’s a short clip of Bud Conrad, Casey Research’s Chief Economist, on CNBC last Thursday. Bud has been pounding the table for investors to buy gold (since much lower prices) and short long bonds for some time. The buy gold trade has been a good one thus far, and Bud now believes that betting on […]
Mama said there’d be days like these…though you may have thought they were a thing of the past. With the DOW dropping 200 points on the day, and commodities down across the board, the “flight to safety” positions stood tall, just as they did during the darkest days of the Great Deleveraging of 2008. Yes, […]
Surprisingly, Treasuries have been rallying in the middle of each month, while falling at the beginning and end of the month, according to some keen observations by Tom Dyson. Why so? Tom says that for some reason, the market does not seem to be accounting for the fact that the government is issuing huge amounts […]
Yesterday, yields on 30-year US Treasuries skyrocketed on poor demand in the latest bond auction. Yields jumped from 4.1% to 4.3%. Tough to imagine why demand would have been so lackluster – maybe it’s the fact that the US government will never be able to pay any of this debt back? That is, without printing […]
Here’s Dr. Doom himself, Marc Faber, giving one of his usual insightful and thought provoking interviews for Bloomberg. What really caught my ear was around the 4:30 mark, he proclaimed the bull market in long dated bonds to have ended as of December 18, 2008. (He also pinpoints the start of the bull market at […]
Seems like the same old theme – when the stock market gets slammed, so does crude oil. Crude oil closed the day below $49/barrel. (Chart source: BarChart.com) When crude is up on days like today, that’s when we’ll take a hard look at going long crude. The only bright spots today? Gold, Silver, US […]
The New York Times reports that the Chinese government was an aggressive seller of foreign debt – including US Treasuries – in January and February, before reversing course in March. All in all, China’s foreign reserve growth in Q1 was its slowest in eight years – indicating that China may be losing it’s appetite for […]
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