Basic economics of scarcity, supply and demand, and investment demand won’t be less important in supporting commodities. But in a world of collapsing financial asset values, tangible assets are about to become the hotly contested objects of a great global strategic game.
December 9th, 2011 | Dan Denning | 1 comment | ContinuedPrecious Metals
Commentary on precious metals (we really love gold) by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Differing Views of Wealth Creation
What’s the latest news on wealth creation?
No one knows exactly how it will work out. Some are betting on a recovery and a new bull market. Others have put their money in gold or cash to preserve their wealth…expecting more crises and more calamities.
November 24th, 2011 | Bill Bonner | 1 comment | Continued
Great Corrections
Yes, the Great Correction proceeds. Low levels of consumer spending, high unemployment, with periodic bankruptcies, blow-ups and financial crises.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Goldman to the Rescue!
Yes, dear reader, it’s quite a fight. Better than Frazier vs. Ali. And who’s gonna win? Europe faces its “toughest hour since WWII,” says Angela Merkel. What does she propose? More centralization. Centralization got Europe into this mess — harmonizing interest rates so that the Greeks and Italians could borrow more. And now, more centralization, she believes, will get it out.
November 16th, 2011 | Bill Bonner | 6 comments | Continued
Seeking Refuge From Tax-Hungry Redheads
Researching gold stocks takes up a big chunk of my time. So as editor of Diggers and Drillers, you might ask why I’m not attending the annual Gold Symposium in Sydney with your regular editor, Dan Denning. The truth is I’d love to have gone. Some of the best and brightest in the gold sector are presenting. The timing of the conference is excellent as well. Gold spent most of last month out of the spotlight, finding strong buying support in the $1600s. But it has quickly bounced more than 7% in recent weeks to be closing in on $1800 again.
November 15th, 2011 | Dr. Alex Cowie | 3 comments | Continued
Penn State Pricks the Student Loan Bubble
A month ago, at an investment conference in Baltimore, my colleague Eric Fry asked if I think there’s another “bubble” out there that’s going to pop. My reply was that I believe the “education” bubble is destined for doom. It’ll be just one more thing to smack down the US economy, and makes for another reason — as if we need more — to hold precious metals as portfolio protection.
November 15th, 2011 | Byron King | 0 comments | Continued
Gold: The Market Has Already Decided
Editor’s note: Today’s Reckoning comes from Money Morning Editor Kris Sayce, currently up in Sydney at The Gold Symposium talking about all things shiny and yellow with your regular editor Dan Denning…
Live from the Gold Symposium in Sydney…
November 14th, 2011 | Kris Sayce | 4 comments | Continued
The Australian Gold Matrix
Things continue to boil over in Europe. On Wednesday, Italy’s fiscal crisis worsened to the point they staged a media blackout. SBS informed viewers hoping to catch the Italian news that their Italian broadcasting partner had failed to submit anything.
November 12th, 2011 | Nickolai Hubble | 5 comments | Continued
When Money is No Longer Money
It looks kind of ominous outside. As storm activity engulfs Sydney it seems fitting that the Day of Reckoning could finally be upon us. Italian bond yields have just hit the point of no return. As you can see from the chart below yields on 10-year Italian bonds closed at 7.25 per cent overnight, after hitting a high of 7.48 per cent.
November 10th, 2011 | Greg Canavan | 3 comments | Continued
The Case of Mines
You know that saying, “If you don’t have anything nice to say, don’t say anything at all”?
We’ll now turn today’s Daily Reckoning over to Slipstream Trader Murray Dawes. Remember, yesterday’s DR included a chart showing the price of Brent Crude oil. Murray generally applies his theory of price action to stocks and indexes. But it can be useful for currencies and commodities, too.
November 9th, 2011 | Dan Denning | 5 comments | Continued
Bi-hydrocarbonic Investments
At the risk of further alienating readers, we’re going to push ahead with the idea that the world needs energy and will have to keep getting at least some of it from hydrocarbons like oil and natural gas. Every time we broach this subject it costs us readers. We get nasty emails and unsubscribe requests in droves. It’s bizarre.
November 8th, 2011 | Dan Denning | 5 comments | Continued
No Vote On Rotten Debt
The Dow rose 208 points yesterday. Hardly a day goes by without a 100+ point move. We’d be disappointed with anything less. What these extreme moves are telling us is that investors are very uncertain. They know there’s a lot at stake. And they don’t know which way it will go.
November 7th, 2011 | Bill Bonner | 0 comments | Continued
The Mineral Resources Rent Tax Siphon
Green and Gold Greed…
The last thing Australia needs right now is to worry that China’s manufacturing economy is sputtering. After all, that Chinese engine of growth consumes huge amounts of Australian resources, like coal and iron ore. The government is keen to siphon off revenue from mineral and energy exports in order to do what it does: take from one party in order to give to another, while sounding self-righteous and looking important.
November 2nd, 2011 | Dan Denning | 5 comments | Continued
Gold, Silver, and the New Opium Wars
Watching the global currency markets right now is like watching a horse race nobody wants to win. The closer a currency gets to the lead (world’s strongest) the more its jockey (the central bank) does to slow it down. Some of the horses have been run into the ground. And as we come down the home stretch of the competitive currency devaluation sweepstakes, it wouldn’t surprise if one of the jockeys took out a shotgun and blasted his mount away.
November 1st, 2011 | Dan Denning | 4 comments | Continued
The Golden Rulers
The Wonderful Wizard of Dawes has posted his latest analysis of the price action on the S&P 500 over at YouTube. We had dinner with Murray last night. Over oysters, scallops, and some red meat we talked about what you have to do if you’re going to trade in a market heavily influenced by intervention and manipulation.
October 26th, 2011 | Dan Denning | 4 comments | Continued
