Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Faith ’
Boom For Whom
Boom For Whom
While I’m talking about inequality and the crisis, I realized recently that there’s another channel not usually talked about, via the misperception of success.
Let me start with a puzzle: why did faith in the wonders of financial de...
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Preaching to converted, but interesting views from Ken Courtis
Ken Courtis, former vice-chairman of Goldman Sachs (Asia) :
"Two of the great trends now under way will continue, with temporary interruptions, to create a world deeply wary of government debt and paper currencies, and putting all its faith in physi...
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King Dollar Is Being De-Throned
A couple of weeks ago as the markets were tanking and everyone was running around like a chicken with its head cutoff; i was quietly watching the markets, currencies and commodities and trying to decipher what was happening and all the while i notic...
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Where to from here?
Has Wall Street finally lost faith in the story they told themselves would unfold? -> Low interest rates + credit infusion = growth at xxx% rate base on previous cases in 1992, 1998, 2002 etc etc etc? (ie curve fitting with no real qualitative unde...
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Never Buy Stocks Again? Seriously?
NEW YORK (CNNMoney) -- Want to know what the hot new trend in investing apparently is? Not investing.
Even though the S&P 500 (SPX) has more than doubled from its March 2009 bear market lows, many investors still don't trust the rally according to ...
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Imagining a World Without The Dollar
The dollar doesn’t have much clout these days. The greenback has lost 12 percent of its value against foreign currencies since the chaotic period after the failure of Lehman Brothers in 2008, and nearly 5 percent since the end of 2010.
Economists...
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The Market Is Out On A Limb
The latest from the Comstock boys...
Despite a $4 trillion increase in government liabilities in 27 months and the unprecedented amount of quantitative easing we still have a tepid recovery, a 9.8% unemployment rate, a faltering housing market and,...
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Money-Theism, The Faith That Failed
Future historians may well find post-modern man's faith in the power of money as perplexing as Cortes and his men found the faith of MesoAmerica. It is, I believe this curious faith in money's power that allowed finance to become as protected a practice as any in Christianity. How else could three men who...
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Ben?s Crystal Ball
Faith in the Wizards is running amok, with Mr. Market totally buying into Weekend at Bennie’s prognostication that “the recession is likely over”. For the record here is a look at Ben “Smoke “em if You Got ‘em” Bernanke’s prior crystal ball:
July 2005: “There was no housing bubble and housing prices are supported...
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Looming Inflation a Matter of Fact, or Faith?
I got this question this morning from a poster over on the Stool Pigeons Wire. Am I correct in stating that regardless of whether or not the new reserves that will be added once the FED purchases the GSE/MBS paper are utilized to increase fractional-reserve lending (at least initially), there would still be substantial...
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SPX Update and More: Market Playing Its Cards Close to the Vest
I believe it was Yogi Berra who said, "It's tough to make predictions, especially about the future." The market has now reached a point where it clearly does not want to telegraph its next move. There are times, when the larger trend is clearl...
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