We began having doubts about the ‘feds inflate…gold soars’ hypothesis last year. It was too easy…too obvious. And if it were that easy to inflate a nation’s currency, how come the Japanese couldn’t get the hang of it…
September 24th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "bullish"
Gold is an Antidote to Paper
But what if you don’t own gold? The yellow stuff is now over $1,000. In fact, it looks like $1,000 could be a new support level for the metal – with most of the support coming from the Chinese.
September 18th, 2009 | Bill Bonner | 2 comments | Continued
Glenn Stevens Says Australia’s Economy Has Been Travelling Better Than Others
We’ll see about that. Stocks are certainly pricing in a profit recovery (about which we have our doubts). But Mr. Stevens also had a bit to say about credit markets and balance sheets, in comments that were not as widely reported as his comments on Australian housing. More on housing in a second.
July 29th, 2009 | Dan Denning | 25 comments | Continued
Fed’s Projections Show U.S. Economy Will Grow Quickly in 2010
The only negative note in the Fed’s forecast is that it reckons U.S. unemployment will keep growing to over 10%. That, presumably, is a drag on the economy. But if credit conditions improve, maybe all the people who’ve lost jobs because the U.S. economy is not producing and not competitive can, you know, get a credit card and live off of that
July 17th, 2009 | Dan Denning | 4 comments | Continued
Meredith Whitney and the Buy Recommendation on Goldman Sachs
Hold that thought. Her recommendation preceded Goldman’s actual announcement on Tuesday that second quarter net earnings were up 65% to $3.44 billion. The company, like Wall Street’s very own chosen-one-boy-wizard, has once again waved its magic wand and produced something remarkable. So let’s remark on it…
July 15th, 2009 | Dan Denning | 3 comments | Continued
The Public Still Buys Stocks but the Love is Gone
According to the Australian Share Ownership Study by the ASX, overall share ownership among Australians dropped to 6.7 million in 2008, or just 41%. That was down from 46% ownership near the top of the market in 2006. According to Chris Zappone in The Age, “The study shows risk-wary investors saying they “they preferred blue-chip shares” amid falling confidence in the overall market.”
June 29th, 2009 | Dan Denning | 3 comments | Continued
China Performs a Kind of Financial Alchemy
“Chinese industrial output fell for four months between July and November, but has since recovered all those losses. A similar pattern has been seen in Korea, where industrial output suffered a sharp decline around year end but apparently made up about half of that over February and March.
May 19th, 2009 | Dan Denning | 10 comments | Continued
Investors to Drive Next Leg of Bull Market in Gold
So far, so bullish. But why no new high, therefore, in the gold price already this year? Philip Klapwijk attributes gold’s failure at $1,000 back in February to the “astounding” flow of scrap metal coming from cash-strapped consumers worldwide.
April 10th, 2009 | Adrian Ash | 0 comments | Continued
Gold Demand Looks Bullish As Dust Settles
The late November rally in gold prices wasn’t quite as spectacular as mid-September’s gain, but it was still impressive. There was good follow-through too, though the momentum softened as bulls knocked on resistance near $850. The rally was a no-brainer. There is a strong line of support at $700, which was resistance during 2006 and the first half of 2007. Moreover, the market was, and is, oversold…
December 5th, 2008 | Ed Bugos | 1 comment | Continued
Warren Buffett is Bullish on the United States
Warren Buffett is bullish on the United States. “It is not a smart thing to sell the United States short,” he told an audience in Canada.
February 13th, 2008 | Bill Bonner | 2 comments | Continued
