UNEMPLOYMENT RATE BACK UP TO 7.9%
The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.
Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve’s monetary policy or instill confidence that the recovery is gaining steam.
Economists were looking for 160,000 [...]
Bears on the Brink: ‘I Can’t Fight It Anymore’
Though it’s already a few weeks into winter, Wall Street bears may be finally ready to hibernate, though no doubt against their will.
A powerful rally in which virtually all fears have been bypassed has pushed stock marketdetractors to the brink, ready to wave the proverbial white flag as the only direction for the market seems to be up, up, up.
“They’re almost ready to [...]
by Jim Willie, Silver Doctors:
The legendary Jim Sinclair, who yesterday advised subscribers that gold will not be confiscated in this bull market as its current function is vastly different in today’s monetary system than its role in the 1930?s, sent another alert to subscribers today clarifying that although he believes gold will not be confiscated by the government during the current bull run, GUNS WILL BE.
Sinclair states that the Constitutionally protected state right to create and [...]
from silver investor.com:
On Monday, we reported that the German Financial Accountability Office had mandated the Bundesbank repatriate 150 tons of German gold from the NY Fed over the next 3 years. While this was to be expected and even inevitable in the wake of Venezuela’s gold repatriation in 2011 as well as global rehypothecation concerns, a previously classified report leaked today has revealed a much larger German gold repatriation has already occurred- [...]
KWN
Today world renowned money manager Felix Zulauf warned King World News, “… the fiat currency, paper currency standard, is in the final stage of the super cycle.” Zulauf, who founded Zulauf Asset Management, also declared, “I do believe the 30 year bull market in government bonds is over.”
Zulauf, a 20+ year Barron’s Roundtable panelist, was bullish on gold: “… from now on buying the dips is the right strategy because [...]
From Newsmax:
The bull run in commodities markets during the past decade is coming to an end thanks to cooling demand from China, says Ruchir Sharma, Head of Emerging Markets at Morgan Stanley Investment Management.
Raw materials like oil and grains and metals like copper have soared in recent years thanks to voracious demand from once red-hot emerging markets, especially China, although the global slowdown has crimped the need for commodities that [...]
There is unlikely to be a “slowing down” of gold buying by central banks as significant economic uncertainty remains for the foreseeable future – according to Jon Spall, director of precious metals sales at Barclays.
In an interview with the Wall Street Journal, Spall Discussed his outlook for the gold market in light of the weakness it has experienced in recent months. Highlights from the interview included:
Gold prices seem to have stabilized a [...]
From Gresham’s Law:
Gold has already enjoyed an 11-year bull run — so is it possible that it remains cheap of all things? Well… as bizarre as it may sound… here’s why:
There are three simple (but apparently elusive) charts that indicate the cheap valuation placed upon gold at present.
The [first] chart plots the market value of the Federal Reserve’s gold as…
Read full article (with charts)…
Mac Slavo
SHTFplan.com
It’s over folks. According to some analysts recent price swings indicate that the gold and silver run-up will soon be coming to an end.
Sharp falls in the gold price have prompted some bears or pessimists to predict it will plunge below $1,000 (£625) an ounce.
…
Goldcore priced bullion at $1,721 or £1,079 per ounce this morning, compared to yesterday’s fix of $1,788 or £1,121 per ounce. A spokesman said: “The [...]
We’ve written before here at Sovereign Man that as long as the public is not in precious metals in a big way, it’s hard to see that the market has begun topping out.
Yes, gold has been in a bull market for more than 10 years. This is virgin territory as far as bull markets go. And yes, gold is up about 6-fold, from under $300 to [...]
By Jonathan M. Kosares
It was June 2006…
Gold had enjoyed five years of gains after bottoming in 2001, reaching a 26-year high of $730 that May, but was undergoing a significant correction that would ultimately erode 28% of its value in just over a month. It was the single largest loss of value the gold market had seen since its collapse in 1980.
Many financial [...]
Edification is not the word that comes to mind when observing an interview with Larry Fink of Blackstone this morning on network financial news. It was inspirational if not humorous, and somewhat pathetic. Of course the interviewer treated him like royalty, when just a syndicate captain, a Made Man. As a cog within the US financial hierarchy, he was asked why Gold is approaching record [...]
The link was posted by ‘TheFuturePazt’ and shows analysis on in and outflows to the stock market, I can also see the reoccurrence of when retail investors start ploughing it in at what appears to be at the top, just before they decline, but you can also see the incredible steady climb on QE1 that seemed to be faltering or slowing down, but the n [...]
by LFM
Many people may not want or even be able to afford to pay money to store all their data in the cloud, also trusting privacy online and huge transfers of data over the internet, when there are now relatively cheap, quit possibly cheaper than using the cloud, large hard drives and backups.
Also the new dot com bubble, with over-valued new dot coms, such as [...]
by LFM
cost of essentials rockets, such things as food, fuel, heating, transport costs, unavoidable bills, cost of services, maintain debts, taxes, rockets, value of homes and possessions plummet, whilst other non-essential luxuries manufactured abroad like more TV’s, iPads and ipad apps, stay flat, but saying that in UK even things like ipads because of rising in cost as VAT and iTaxes are increased:
December CPI details
Indeed, [...]
by SmartKnowledgeU Editor James Carusso.
On December 7, 2009, I sent out a warning from our Managing Director, JS Kim, to thousands of people via email about the deterioration of the global economy that he had discussed for years that the great majority of people were ignoring. In that message, I spoke of many serious warnings issued by JS publicly since 2006 (and even earlier than 2006 to his clients) about [...]
by Jan Paul
It is quite possible the dollar bubble has run its course. It has been propped up for 40 years (often the lifespan of a fiat currency from what I have read). Now, the world appears to be moving away from it, our government is devaluing it, and we can’t service our debt if interest rates return to normal.
Gold may not go up in value but, to the dollar, [...]
We have been in a bear market for some time. How do I figure that? The property market collapsed and will not come back for many years. The economy itself is in a “depression” which has been disguised by the Federal government via the Feds printing press. Unemployment is close to 20% when the REAL numbers are included as opposed to the hyped government numbers.
The next question is how do [...]
We are still seeing signs of a bull market in equities due to the FED’s printing of money reaching markets even if it isn’t reaching us on Main St. I am reading more articles that say the FED has managed to “kick the can down the road for a couple more years.”
The fundamentals haven’t changed, the course of the nation hasn’t changed, we are still using more debt to cure [...]
What I do know is that the paradigm has shifted a lot in the past few generations, so I don’t give much credibility to the “long-term” chartists, graphics, predictions and what not.
When I started trading about 20 some years ago, the Internet was in its infancy. I had to call my broker to enter an order. He or she was more than just a screen, a password and an electronically [...]
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