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Mickey Fulp’s March Market Review – 02.Apr.2012

Mickey Fulp, the one and only Mercenary Geologist, gets into the down and dirty of market performance for April. The Canadian Government/Mint has thrown in the towel on the penny. Did you know a Canadian Penny is worth 1.5 cents? How’s that for guaranteed return on investment? Also, Uranium is down, but hardly out! Japan will be restarting nukes again very shortly, and the rest of the world is building them at an incredible rate.

Natural gas should be buried and put out of its misery shortly. The price hit $1.96 per mcf last week, and there’s no relief in site. However, for those drillers who have “take or pay” contracts in place, or those with wells producing generous amounts of wet gas, the price drop is less relevant. Emerging markets were down in March, but they are still up smartly for the year, as were the Dow and Nasdaq. The Shanghai Index is looking very oversold and ready to crash. BUT gold and silver are up today and still up for year. 

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Ty Andros is Mad as Hell – 30.Mar.2012

Ty Andros of TraderView.com and www.TedBits.com is mad as hell and he’s not gonna take it anymore. The corruption of the government has reached epidemic proportions. The economy is tanking way more and faster than virtually anyone is aware of. And the political situation is a complete disaster. There’s little if any hope that Washington is going to get its act together, certainly not within our lifetimes. So where does that leave you? You to invest what assets you have left into things that will survive the current economic system and its impending collapse. And if you’re thinking precious metals, that’s a great start.

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Chris Duane and Kerry Lutz are Very Upset Over Nicki Minaj’s Wardrobe Malfunction and Silver – 30.Mar.2012

Chris and I discussed many alarming events happening around the globe. Like Britney Spears’ sale of her house in California so she could move in with her fiance. Then there was Nicki Minaj’s wardrobe malfunction on American Idol and her beef with JLo. Forget the dollar losing its reserve status or constant and continual manipulation of the gold and silver markets. There are so many other negative events which are occurring just beneath the surface. It is often said that markets determine the headlines, rather than the headlines determining the markets. Or perhaps we are just seeing the pre-holiday calm before what promises to be the mother of all economic storms. Either way, April has always been a consequential month, with both the Revolutionary War and the Civl War starting in the fourth month of the year.

Are we predicting war or worse? Hardly! Just beware of the signs of quickening economic turmoil that the world has been attempting to get a handle on for the past four years.

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Dr. Joseph Salerno Explains Why Silver and Gold are Honest Money – 30.Mar.2012

Dr. Joseph Salerno economics professor at Pace University (my alma mater) graciously sat down with FSN today to examine the reasons why the we’re experiencing the continued and extended global economic collapse. Dr. Salerno is one of the best known Austrian School Economists in the world. While there are many causes, first and foremost is the drift away from honest money to fiat money. And this of course was facilitated by the Federal Reserve. It has enabled the world to run tremendous deficits and debase currencies around the globe. It has also fueled the wave of militaristic adventurism we’ve been experiencing for decades.

Dr. Salerno has dedicated his life to educating and enlightening students to history of money and monetary collapse. Inflation is always a sympton of far deeper problems and this time is no different. The Mises Institute is proving invaluable information and resources to combat the forces of economic ignorance and Keynsianism (sorry to repeat myself). The battle is being waged on mind at a time, but when the currency collapse is felt by all, the pace will no doubt accelerate.

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Gary Gibson On Spreading His Wealth Around The World – 29.Mar.2012

Gary Gibson of WhiskeyandGunPowder.com is thinking about spreading the wealth. No, not giving it away to undeserving parasites who pray upon the producing class. But rather diversifying his assets to other countries around the globe. This could mean buying real estate in South America, putting gold and silver beyond the reach of greedy bureaucrats or other measures aimed at insuring that the financial crisis doesn’t take you down with it.

Gary’s concerned about creeping totalitarianism and the extent that the government will go to, to finance its burgeoning operations. Government is like an injured wild animal that’s been cornered. It will stop at nothing to insure its survival. And that’s probably where we are now. So as always it’s best to be prepared and to keep your options open.

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Jeffrey A. Tucker Says Money Launderers Prefer Tide 2 to 1 Over the Competition – 29.Mar.2012

Drug dealers and other citizens outside the main stream economic system are cleaning up money laundering’s new image with Extra-Strength Tide. It really gets the Feds out. Seems stolen Tide laundry detergent has almost become an alternative currency in certain parts of the Country. While it’s not exactly portable or very convenient either, it has its uses. While the government is attempting to phase out physical cash, entrepreneurs of every walk of life will seek substitutes. That’s just a basic law of economics and nothing can change it. So after Tide, what will come next. Perhaps that 450 million rounds of ammunition that Homeland Security has ordered is really the foundation of new monetary system. Bullets are easy to carry, are extremely portable and a box of cartridges is very divisible. And it is certainly useful and perhaps scarce in certain parts as well. We’ll see when they start stamping denominations of the outside, then we’ll know for sure.

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Peter Grandich Takes On The Gold Perma-Bears – 29.Mar.2012

Peter Grandich has a new contrarian indicator, The GNEMI-The Grandich Nasty Email Indicator. These days he’s getting a lot of negative feedback about gold, silver, and junior mining prices. Bulls are starting to lose faith, but not Peter. He’s been in these markets for decades, and he knows that cycles always repeat themselves, no matter the market. He’s expecting selling pressure in the wake of next week’s religious holidays. Major holidays always lead to thinly traded markets, which inevitably lead to opportunities to manipulate prices. With all the unbacked paper floating around the metals markets these days, it’s a pretty safe bet.

However, don’t forget that demand for the precious metals is booming all over the world! China, India, Vietnam and so many other countries have stepped up their purchases. How much longer can the market proceed before price discovery reasserts itself? Probably not too much longer, and when it does happen, it will be the cover story on all the financial publications around the world.

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Gary Wagner Thinks the Precious Metals Correction is Over – 29.Mar.2012

Gary Wagner of www.TheGoldForecast.com believes that the precious metals correction is probably over and we’ll see a quick run up for gold to around $1760 per ounce. The current weakness in metals prices is a good opportunity for long term and short term buyers to get in and capture profits. The markets are following very predicatable patterns according to Gary’s interpretations of Elliott Wave Theory and Japanese Candalstick Formations. While the markets have been violent and no doubt manipulated, the patterns are nonetheless very clear.

Gary sees the precious metals bull market continuing for at least another year and a half. It’s always dangerous to predict markets with exact timing. If you’re wrong you get belittled and if you’re right, the naysayers just claim that you were lucky, much like a stopped clock is right twice a day. But we’ll bet that Gary’s projections are more a result of skill than luck. 

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Chris Mayer Thinks The World Is Right Side Up – 28.Mar.2012

Chris Mayer has travelled the world seeking out investment opportunities in the least likely of places. He sees Asia driving a global prosperity wave. People in the lesser developed countries of the world, see what citizens of more prosperous areas have and how they live. This has lead to a modernization drive to bring these countries’ standards of living up to the Western World’s standards. While there’s a lot of uncertainty and fears about what the future will bring, this rising tide will inevitably lift all boats.

Chris is managing editor of the Capital and Crisis and Mayer’s Special Situations newsletters. He gave up commercial banking to take up financial research and writing at exactly the right time. Now, he has thousands of subscribers around the world. And it’s a big world where he regularly uncovers unique investment ideas and themes in such diverse areas as agriculture, water, energy and infrastructure.

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Bob Chapman – Will Corzine Be Spending a Weekend at Bernie’s (Madoff)? – 28.Mar.2012

Bob Chapman joins us again today for our biweekly check-in. Since we’ve been doing the show together for almost a year, nothing much has changed, except that the elites are getting more and more brazen in their exploitative criminal enterprises. Bob thinks that Corzine maybe spending a weekend at Bernie’s or perhaps even several years. While Corzine repeatedly claimed he had no idea where the money was, now it looks like he probably did.

Yet again, and again, and again gold and silver under attack. However, the system is cealrly moving to metals so you need to get there ahead of it. China doesn’t have enough gold to back its currency; actually, very few countries do. So there’s a scramble taking place by the banks to acquire gold at virtually any cost, regardless what the paper markets say the price is. But we’ll know the true value of unbacked paper soon enough.

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Triple Lutz Report – Hope For MF Global Clients-Top Stories of the Day – New Site – Episode 177 – 28.Mar.2012

Looks like there might be just a little hope for the beleaguered MF Global clients. In London, KPMG a large international accounting firm who was appointed by the English bankruptcy court to account for the “lost” assets of MF has so far recovered $500 million dollars of unsegregated customer funds from a small list of large financial institutions. They’re going for $1 billino and they told this motly group in January that if they didn’t pay up, they’re going to court. This may be the best chance account holders have of ever seeing their money again. And it explains why large financial groups are buying up client claims at a discount, because they know that the clients will eventually get back all their money.

Also, we see the fall out from the Swift banning of Iran from the international transfer network which has resulted in the start of an abandonment of the dollar and the opening of many swap agreements between trading partners. Get ready for what’s coming next.

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Max Yemets Tells About Living In Hyper – Inflationary Ukraine – 27.Mar.2012

Max Yemets was just a child when hyper-inflation came to the Ukraine, but he has many memories of that time. Max remembers people living on fixed incomes and having their entire worth wiped out. 10,000% inflation has a way of making people question their government. While they were extremely hard times, that seemingly happened overnight, people banded together and got through it with remarkable grace.

Naturally, there was civil unrest as well as a major increase in crime. People in the former Soviet Union didn’t have a right to bear arms, and the State liked it that way. But most people in the Ukraine knew how to live off the land, and for 3-4 years that’s exactly what they did. Finally, the currency was pegged to the US Dollar, and the cycle ended once and for all. Unfortunately, we don’t have another currency to substitute for our dollar. So if the currency follows the normal lifecycle of all fiat currencies, we will have to pin our hopes on gold and silver.

Max’s site HowToBePoor.com is must reading.

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Danielle Park Believes That No One Is Too Big To Fail – 27.Mar.2012

Danielle Park, of JugglingDynamite.com fame, joined us again today, and I’m very happy to announce she will now become part of our bi-weekly repertoire. Today Danielle and I took a tour into the never-never land of contemporary financial markets. We share a common outrage of the world governments. It seems the governments of the world are working 24/7 to ensure the most corrupt and destructive financial institutions survive to plunder the globe yet another day. When will it all end? Neither of us has an answer, but we agree that unless steps are immediately taken to slice and dice these predatory monoliths, trouble is waiting up ahead.

Those who save are the ones who wind up paying most for the bailouts, and they receive almost nothing in return. While confidence in every country’s obligations and securities is at an all time low, institutions and investors keep putting money into them because there’s really very little alternative. The bear market in stocks has gone on for over a decade, and no one sees an end to it. Hopefully, real companies, marketing real goods and services, will herald in a new economic paradigm. Until then, take the current signs of low volatility as a sign to expect the next black swan to appear.

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Yaron Brook is Worried About Executive Orders & Out of Control Government Expansion – 26.Mar.2012

Yaron Brook of the Ayn Rand Institute for Individual Rights sees a troubling pattern of expanding government that causes great injury to individual rights and the ability of our economy to produce products and services that people want. In addition, the damage done by the Dodd-Frank and Sarbanes-Oxley regulatory schemes has caused immeasurable damage to America and its markets. Companies are now avoiding the US markets as a result.

Therefore, we can never emphasize enough, and we must constantly engage ourselves in the debate of government expansion versus the individual’s rights. This issue has been with us since the founding of the Republic, and it has never stayed dormant for so long. Therefore, there is always a need to communicate the message of freedom. The continuing assault can only have one result: totalitarianism and complete subservience to the State. Yaron will be debating David Callahan of the left leaning Demos Institute in Chicago. For more information go to https://www.facebook.com/events/185593294888513/.

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Mondays with “Ranting” Andy – When Ben Bernank Speaks, Gold Listens – 26.Mar.2012

I hadn’t reviewed gold prices since early Monday morning. I was surprised to see gold up over $22 per ounce, but Andy wasn’t. Ben Bernank spoke today, and he confirmed the rumors that have been flying around. Yes, he’s still a money printer, and he has no intention of stopping. Hopefully, he will be stopped before the dollar turns into worthless bits and bytes on computers around the world, but there’s no indication that this is about to happen.

Andy and I also discussed how Apple has become the tail, wagging the stock market’s dog. As the most valuable company in the world, Apple can not only send computer suppliers and parts makers into an immediate frenzy, it can also do the same to stock markets. It has a disproportionate share of the NASDAQ’s valuation as well as the S&P’s. So it is truly the bellwether stock of our times. But that doesn’t mean the paper markets are at all healthy. The public has dropped them like a group of kids playing catch with a hand grenade. The averages are constantly being whipped around by high frequency trading and by the algorithm boys. So what is anything really worth these days, anyway?

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Triple Lutz Report–The Ryan Budget-Just Moving Around the Cushions of the Titanic’s Deck Chairs–Episode 176

Wisconsin Congressman Paul Ryan released his budget last week. At first blush, it appeared to be a substantial move in the right direction. It cut spending while decreasing taxation. But the reality is that his budget completely misses the mark. It is still a redistributionist plan that forcibly takes money from the producers and almost as lavishly bestows it upon the beneficiaries. This budget takes less and consequently gives less. In the final analysis, the budget doesn’t go nearly far enough to help restore confidence in the rapidly deteriorating status quo.

A fiat currency that can be created by the click of a mouse is what facilitates the ever expanding scope of government and the quickly evaporating purchase power of the once almighty dollar. The results of these policies can lead to nothing but global financial collapse, and we can already see the storm clouds on the horizon. Enslaving the current and future generations with debt is a surefire recipe for lower standards of living and a declining culture. One can only try to be prepared for the inevitable chaos.

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