Currency Wars – Who’s Next?

Currency war: Who will be the casualties? Sara Eisen | @saraeisen Friday, 23 Jan 2015 | 9:45 AM ET Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days. Central bankers may say they’re ramping up the fight against worryingly low inflation, exacerbated by the dramatic plunge in oil prices. But the immediate, and perhaps most effective, impact of the easier monetary policy moves is being felt in the foreign exchange market. “We are in currency wars,” Goldman Sachs President and COO Gary Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. “The prevailing view is that the easy way to stimulate economic growth is to have a low currency.” Simon Dawson | Bloomberg | Getty Images An employee … Continue reading

Can a Doublewide Save Your Retirement?

By Dennis Miller The rumors are true: Florida is full of 55-plus communities with rows of doublewide mobile homes. The nicer ones have amenities like golf courses, swimming pools, clubhouses… you name it. As you’d expect, the living cost is modest. But here’s the part that blows people away: many of the people who live in these communities are quite wealthy. That’s right—not everyone living in a doublewide is a NASCAR fan. My wife and I have friends who live in these communities… people who’ve enjoyed successful careers and built up respectable nest eggs. They still play golf or tennis and participate in the weekly wine and cheese party. Their biggest complaint, frankly, is having a social calendar that’s too packed. What’s their secret? None looked at downsizing as a step down. Instead, they considered it a prudent way to free up their time and money. These folks are 100% … Continue reading

Forget the Majors, Buy the Midtiers

Source: Kevin Michael Grace of The Gold Report  (1/21/15) According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn. In other words, they pursued exactly the wrong strategy in the past and are now paying the piper. The intermediates, on the other hand, have better balance sheets, positive cash flow and prospects for growth. In this interview with The Gold Report, Fowler highlights five producers prospering against the odds, and three companies with near-term projects likely to be taken out. The Gold Report: What are your forecasts for gold and silver prices in 2015? Michael Fowler: I think gold could go lower in U.S. dollars in the next three months. I stress U.S. dollars because the price of gold is rising in many currencies, such as in Canadian and Australian dollars. This will be a boon to producers in those … Continue reading

Gold Is The Trade Of The Century – Marc Faber

video.cnbc.comJANUARY 21, 2015 [In @ 3:00] –  Marc Faber – People will wake up finally that if they could short Central Banks that would be The Trade Of The Century by Buying Gold. Central Banks Will Be  Exposed for What Fraud they Commit. The Banks Have Produced the Biggest Financial Crisis since the Depression… Advertisement: Join us at CommonStockWarrants.com for the only listing and details on all stock warrants trading in the United States and Canada. All industries and sectors are represented and many opportunites for investors. Don’t overlook this unique opportunity. Visit our website now.   … Continue reading

Did The Swiss Turn The Tide For Gold? – Gary Wagner & Daniela

http://www.kitco.com/news/video/show/Chart-This/877/2015-01-16/Did-The-Swiss-Turn-The-Tide-For-Gold—Gary-Wagner Advertisement: Join us at CommonStockWarrants.com for the only listing and details on all stock warrants trading in the United States and Canada. All industries and sectors are represented and many opportunites for investors. Don’t overlook this unique opportunity. Visit our website now. ________________________________________________________________________ … Continue reading

Gold Stocks During An Equity Bear Market

Wednesday January 14, 2015 15:22 Below is a slightly-modified excerpt from a commentary originally posted at www.speculative-investor.com.Excerpts from our newsletters and other comments on the markets can be read at our blog: http://tsi-blog.com/  The historical record indicates that the gold-mining sector performs very well during the first 18-24 months of a general equity bear market as long as the average gold-mining stock is not ‘overbought’ and over-valued at the beginning of the bear market. Unfortunately, the historical sample size is small. In fact, since the birth of the current monetary system there have been only two relevant cases. The first case involves the general equity bear market that began in January of 1973 and continued until late-1974. This bear market resulted in peak-to-trough losses of around 50% for the senior US stock indices. The following chart comparison of the Barrons Gold Mining Index (BGMI) and the S&P500 Index shows that the … Continue reading

The 10th Man: EFPs and The Unanticipated Consequences of Purposive Social Action

By Jared Dillian Pretend you are a corn trader. As such, you have two choices: have a position in corn futures or own physical corn.It may seem silly to even consider owning physical corn, because corn futures are easy to trade—just click a button on your screen. But assume you have a grain elevator, and whether you own futures or physical corn is all the same to you. How do you decide which you prefer? If one is mispriced relative to the other. If you consider owning physical corn, you have to take into account the cost of storage and any transportation costs you may incur getting the corn to the delivery point. You also have to think of the cost of carrying that physical corn position, or the opportunity loss you incur by not investing the money in the risk-free alternative. The thing is, there’s nothing keeping the spot … Continue reading

Gold Beat All Other World Currencies in 2014

Tuesday December 30, 2014 15:35 “Gold is money. Everything else is credit.” ~J.P. Morgan in 1912 Loyal readers of our Investor Alert and my blog Frank Talk are no doubt aware that the U.S. dollar’s rising strength has put pressure on commodities such as oil and gold. I wrote about this as recently as my roundup of the top commodities stories of 2014, which you can read here. Gold took a blow in the second half of 2014 as a result of the dollar’s ascent, and sentiment toward the yellow metal right now is less than ideal. But to keep things in perspective, its performance this year has far outpaced that of 2013, when it fell 28 percent—its worst showing since early into President Reagan’s first term. Even though gold has lost 0.8 percent year-to-date as of this writing, it still leads all major world currencies except for the U.S. dollar. … Continue reading

John Kaiser Talks To The Gold Report

The Four Exploration Companies Bottomfisher John Kaiser Thinks Could Get Gold Investors Excited Again Source: JT Long of The Gold Report  (12/31/14) The junior resource market is at a historic low point, but Kaiser Research Online author John Kaiser knows it just takes one big discovery to bring excitement—and investor dollars—back to the market. It has happened before. In this interview with The Gold Report, he reveals which four companies could lead the way. The Gold Report: When we talked in October, you compared the resource sector to a swamp. Is that still a good analogy? John Kaiser: The resource sector is analogous to a swamp in that companies in this space are having a very difficult time making any headway. Valuations are extremely low. All the big narratives are either going south or stuck in a rut. There is no capital flowing in to make this swamp a little bit … Continue reading

Connecting the Dots: Live Every Day Like It Is a Holiday

By Tony Sagami If you’re a longtime reader, you know that I spend most of the year in Asia. I have lived in Japan, Singapore, Hong Kong, Thailand, and the Philippines.Asia is wonderful, but I have to confess: it isn’t easy for me to get into the holiday spirit over here.It isn’t that Asia doesn’t try hard. From Japan to Jakarta, Asians have embraced the commercial symbols of Christmas in a big way. Stores and shopping malls are decorated with Christmas trees and holiday lights, all the stores play “Silent Night” and “Rudolph, the Red-Nosed Reindeer,” and a child won’t have any problem finding a Santa that’s happy to listen to his wish list. I’m much too old to sit on Santa’s lap, and the meaning of the holiday season has changed for me over the years. As a child, the holidays mean presents and time off from school, but … Continue reading