Friday, March 30, 2012

Banks and Their On Going Ailments; Ignore Dimon; Media Troubles;Eco Data

“Some of Wall Street’s biggest banks are bracing for fallout from a possible cut in their credit ratings. Moody’s Investors Service, one of the two big ratings agencies, has said it will decide in mid-May whether to lower its ratings for 17 global financial companies. Morgan Stanley, which was hit hard in the financial... Please read more for free at... http://www.certifiedassets.com/inv/news/banks-and-their-on-going-ailments-ignore-dimon-media-troubleseco-data/



  • Wednesday, March 28, 2012

    No Charges, No Trial, No Lawyer, No Jury: Straight to Execution

    A very good read. Know what you're going to be up against. Sorry folks, not the best of news.
    http://www.activistpost.com/2012/03/no-charges-no-trial-no-lawyer-no-jury.html

    Internet Shutdown This Weekend?


    Rumors are starting to go around, thanks to a Paste Bin post by someone claiming to be part of a larger group under the name Anonymous. That this Saturday, they’ll “crash” the net.
    To protest SOPA, Wallstreet, our irresponsible leaders and the beloved bankers who are starving the world for their own selfish needs out of sheer sadistic fun, on March 31, anonymous will shut the Internet down. We’ll look to shut down the Internet by disabling its core DNS servers, thus making websites inaccessible
    “The greatest enemy of freedom is a happy slave.”
    To protest SOPA, Wallstreet, our irresponsible leaders and the beloved
    bankers who are starving the world for their own selfish needs out of
    sheer sadistic fun, On March 31, anonymous will shut the Internet down. 

    Wednesday, March 21, 2012

    The End of the World is Coming

    Time to short $SPY? lol. http://stks.co/2zWI

    Mortgage Apps Fall; Bernanke Poo Poos a Gold Standard as Central Banks Buy More Gold; Prechter Wrong as Usual

    Get those rates down NOW. Regular readers know of my skepticism of the housing recovery that’s supposed to come any day now. MBA mortgage apps collapsed 7.4%, 6th consecutive weekly drop; refis plunged 9.3%. This morning’s MBA numbers come a day after supposedly rosier building permit numbers. While certain markets may be seeing some...
    Please read more here: http://www.certifiedassets.com/inv/news/mortgage-rates-rise-bernanke-poo-poos-a-gold-standard-as-central-banks-buy-more-gold/

    Monday, March 19, 2012

    Stock Market Record Highs in View; Bonds, Gold, Apple and Bank of America


    3/19/2012
    A very important stock market milestone may soon be tested. All time highs.I speak of the SPY level at 157, the 2007 market peak. I remember that peak well.... Please Read More here: http://www.certifiedassets.com/inv/news/stock-market-record-highs-in-view-bonds-gold-apple-and-bank-of-america/

    Friday, March 16, 2012

    Energy Prices Do Matter; Apple; The Rails, Gold Bounces off the Lows; More QE Ahead

    I waited until 10 ET today to put this post together so that I could see the latest Consumer Sentiment figures. No surprise. The rise in gasoline prices has dampened the spirits of consumers whose spending activities account for about 2/3rds of Gross Domestic Product. Yes.... Please read more here... http://www.certifiedassets.com/inv/news/1911-2/

    Thursday, March 15, 2012

    Gold Due for a Bounce; Bullion Outperforms MS Rare Coins Since 2009

    I will let today's headline speak for itself. Gold Due for a Bounce; Bullion Outperforms MS Rare Coins Index Since 2009.

    Please read more at: http://www.certifiedassets.com/inv/news/gold-due-for-a-bounce-bullion-outperforms-ms-rare-coins-since-2009/

    Ultimately, I think either rare gold coins and/or bullion are a 'Buy'. It depends on your preference.

    Wednesday, March 14, 2012

    More Euro Gold Selling? 1900 Gold Standard Anniversary; Stocks Add to Gains


    3/14/12

    Another day, another 3%, $50 down day in gold. Silver is down a little more than 2%. As I warned at the start of the year and commented at a FUN show educational seminar in January, I see $2,000 gold in 2012, but a rough path to that reality. I suspect that this latest... Please Read more here... http://www.certifiedassets.com/inv/news/more-euro-gold-selling-1900-gold-standard-anniversary-stocks-add-to-gains/

    Tuesday, March 13, 2012

    Fed Tuesday – Another Knee Jerk Day for the Markets?

    3/13/12

    “U.S. Dollar Hits an 11 Month High”
    Don’t get me wrong, I am not a long term dollar bull, nor am I a long term gold bear. The above little headline, however, of the present, short term reality does get my attention. While the talking heads may disagree on what a stronger dollar means for stocks, bonds, gold, etc, the picture is so distorted by what the Fed has done and what it ultimately must do (more pumping of the system), that anything could happen in terms of a reaction from various asset classes. Please read more... http://www.certifiedassets.com/inv/news/fed-tuesday-another-knee-jerk-day-for-the-markets/

    Friday, March 9, 2012

    Labor Dept Serves Up More Baloney; Weak Trade Numbers; Uh Oh Timmy Speaks

    I won’t belabor the labor market data from today’s first-Friday of the month Labor Department report. The government’s 227,000 jobs creation figure was better than economists expected. The number should be considered in this light: total job losses fell from 5.553 million to only... PLEASE READ MORE HERE:
    http://www.certifiedassets.com/inv/news/labor-dept-serves-up-more-baloney-weak-trade-numbers-uh-oh-timmy-speaks/

    Thursday, March 8, 2012

    Greek Deadline Looms AGAIN; The Truth About Jobs; Gold and Stocks Attempt to Further Recover

    Greece remains a front and center issue over the next couple of trading days. It’s almost do or die time – either a disorderly default is coming, or there shall be a miracle and everyone jumps into the pool. 7 a.m. NY time is the big deadline on Friday morning, according to this report, though the tally on who accepts the Greek bond swap may take a little time to be fully known.... PLEASE CONTINUE READING at my blog sponsor's site: http://www.certifiedassets.com/inv/news/greek-deadline-looms-again-the-truth-about-jobs-gold-and-stocks-attempt-to-further-recover/

    Wednesday, March 7, 2012

    Pandora, Gold, Eco Noise, Apple, China, FHFA

    3/07/12
    Some get impatient with gold. They feel a 5% drop in gold is too much. Have those people looked at the stock market? It’s not a completely good comparison; gold is far superior to paper equity which can go to an unthinkable zero even with the biggest brand name printed on the certificate. There has always been value to gold during the annals of recorded human history. And certainly Johnny-come-lately... PLEASE READ MORE at: http://www.certifiedassets.com/inv/news/pandora-gold-eco-noise-apple-china-fhfa/

    Tuesday, March 6, 2012

    Weak Markets. Is Bernanke Really Finished with QE in 2012?


    • 3/6/12
      Stocks have fallen out of bed.
      Gold has fallen out of bed. At $1680, gold is about back to where we saw the February break out gain traction thanks to the moves of Fed led Ben Bernankster. Operation twist continues in perpetuity to keep rates low and the Fed has also provided multi trillion dollar swap lines to keep the Euro banks operating. What many seem to miss is that QE3 is actually underway though the Fed has figured out that it is better... Please Read More Here.... http://www.certifiedassets.com/inv/news/1881-2/


    Monday, March 5, 2012

    The Gold Bulls at Citi and the Problem with Picking Numbers Out of Hat


    • Zerohedge.com reports Citi is telling its clients that gold will reach $2400 dollars an ounce this year and “3,400 in future years”. The Citi report goes on to warn of short term weakness that could take gold back to $1,600 which Citi says would be an even better opportunity. This, of course, is picking numbers out of a hat, but it comes from the hat of a well known brand name in the financial industry, even if that brand name also qualifies to be in the ultra club of too-big-to-fail-Zombe banks.
      The only bit of newsworthiness that I see in this is that a mainstream financial entity has something positive to say about gold, but then again, these analysts from the ‘street’ have for years missed the gold rally so since it’s Monday I view Citi’s gold dispatch in a curmudgeon like way.  Please read more... 

    Saturday, March 3, 2012

    Prices for Stuff

    Source: http://www.aier.org/article/7545-everyday-price-index



    Click image to enlarge. As we've said all along, prices for many (as in a majority of) goods have skyrocketed, though a small number of items have declined in price like clocks, televisions, cameras and suits. Also, not every cost of living is included on the list like lawn maintenance, insurance, professional fees... and list just goes on and on. The Fed chairman's recent testimony to Congress of little inflation is laughable and everyone knows it aside from Congress and the Bernankster.

    Friday, March 2, 2012

    Very Simple Post: Is Gold in a Bubble? Told in Pictures.

    3/2/12
    As I’ve said in the past, telling it in pictures can be far more effective than my 1,000 word a day missives. A long infographic following Wednesday’s gold mini meltdown (some are calling it a flash crash).  Courtesy of GBI: PLEASE READ MORE HERE:  http://www.certifiedassets.com/inv/news/very-simple-post-is-gold-in-a-bubble-told-in-pictures/

    This is chart and picture porn for gold fans! This is dollar blasphemy!!

    Thursday, March 1, 2012

    The Gold/Stock Market Disconnect; Greece; 2012 Asset Performance… The Winner So Far is……


    • In my best Porky Pig voice, “oh my, they are so powerful.” That’s my response to the latest takedown in in the price of gold which came on the day of the largest liquidity injection to date by the European monetary authorities. We all know gold was down as much as $100 an ounce in late post COMEX trading on Wednesday evening, $100 bucks an ounce, or 5%. That would be equal to a Dow drop of over 600 points (and I know the Dow and gold are two different animals, but it is a way of using size and scope to describe the size of the gold move on Wednesday). Plus, the Dow and gold have been beneficiaries of .... PLEASE READ MORE:  http://www.certifiedassets.com/inv/news/1873-2/