-- Posted Monday, 16 June 2008 | Digg This Article
| Source: GoldSeek.com
Went to the store and paid 7 bucks for 2 pounds of fresh North Carolina blueberries. Does that sound like a good deal? Milk was close to 5 dollars a gallon. Evidently, trying to compete with gas prices. Anyone confused where things are headed? Need tech support on your PC and you will find yourself talking to someone in India.
James Sinclair – “Gold Is All In The US Dollar And The Euro.” “The euro is down hard today on the premise that this is the start of increased interest rates in the US, a statement that is totally ludicrous. There are two possibilities here: Bernanke and Trichet are in the midst of a pissing contest with the US Fed not paying any attention to the financial hell they are about to release. Saving face at the Fed is more important than the cost thereof. There is only one result possible: Any nitwit knows what happens if you increase the Discount Rate when business is accelerating its downturn. Now what happens if the Fed does not increase rates? Bernanke has painted himself into quite the corner. There is absolutely no possibility on earth that the Fed can start a series of increases as that will end the financial world, not as we know it, but totally.”
Empires that lose their position and status in the world do not do so by choice. There is a bias that once on the top of the hill that destiny will allow you to remain there. That just is not how the game of life works. Even in our personal lives. Up and down. And sometimes more down than up.
America’s current challenges and failures display striking parallels to the declines of previous leading world economic powers…” “…Global overreach, worn-out politics, excessive debt, and exhausted energy supplies are all chilling signals that America is declining as the world superpower.” Bad Money, Kevin Phillips
Have you been on vacation or maybe just a long trip? Do you think you will get used to those 50 dollar plus fill ups? It is rumored that the Saudis may put a cap on the oil price. Interesting what that cap will be. 200 dollars?
“Don't expect relief from stratospheric gasoline prices any time soon, the Energy Department said Wednesday. Gas prices will likely hover around $4 a gallon through next year, as oil prices continue above $100 a barrel before moderating in 2010, Guy Caruso, administrator of the Energy Information Administration (EIA)…” “On Wednesday, gas prices climbed to a record $4.052 a gallon nationwide, up nearly a penny overnight, travel group AAA said. Light, sweet crude rose $4.58 to $136.38 a barrel.” “Some analysts say oil-price forecasts are meaningless.” "Forecasting crude oil prices right now is akin to forecasting the temperature on Mars a few eons from now," says Tom Kloza, chief oil analyst for the Oil Price Information Service.” Peter Beutel, head of Cameron Hanover, a risk-management firm, says oil in a year could cost $50 or $200.” "I can't tell you which," he says, "and I spend every waking moment studying this." USA Today
I was sorry to see Tim Russert pass away the last 24 hours. Now there is an unwelcome change. Probably the best and most unbiased journalist in the profession. Hate to see him go. His work will be missed.
"Here was a guy who, in a really affable way, was able to do something that news anchors don't really do: provide cogent, understandable, compelling analysis of really complex issues," said Syracuse University media expert Robert Thompson.
Presidential candidate Barack Obama has an answer to the present economic crisis. Simply provide another economic stimulus package throwing more free money to American consumers.
David Nichols - Gold has worked itself into a very interesting situation, where a big rebound is also the likeliest outcome for this pattern. Gold tends to give the hardest, most gut-wrenching tests back down to the initial energy levels right before it zooms off to the upside…”
With the gas crunch and every other crunch many folks are going to pawn shops to try and raise money for gas and bread. Many analysts are predicting the Fed to start raising interest rates this year to support the US dollar. That should prove to be very interesting.
“The dollar is losing is value in the world because of America’s financial irresponsibility and indebtedness, and the ruinous war in Iraq has severely eroded our influence over global oil producers and foreign central banks.” Bad Money, Kevin Phillips
Oh, really?
“Like it or not, changes are coming.” Brian J. Skinner. Professor of Geology & Geophysics, Yale University
It’s not too late to invest in gold related equities to take advantage of their wealth generating attributes. We are living in the last days of cheap resources and cheap commodities. Gold Letter, Inc. reviews undervalued gold stocks poised to rise in this time of increasing demand.
“In its hubris, the financial sector has hijacked the American economy and put our very global future at risk.” Bad Money, Kevin Phillips
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David Vaughn
Gold Letter, Inc.
David4054@charter.net
The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. © Copyright 2008, Gold Letter Inc.
-- Posted Monday, 16 June 2008 | Digg This Article | Source: GoldSeek.com
