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Rate cuts trigger inflation fears
Marketwatch
Moming Zohu
The Federal Reserve, European Central Bank and four other central banks lowered interest rates in a coordinated effort to combat world’s deepening financial turmoil.
"Coordinated central bank aggressive interest rate cuts should lead to gold surging in value in the coming months" as "currency devaluations look increasingly likely," said Mark O’Byrne, executive director at Gold and Silver Investments.
Gold for December delivery gained $24.50, or 2.8%, to close at $906.50 an ounce on the Comex division of the New York Mercantile Exchange. It was the first time the contract topped the $900 level since Sept. 29.
The metal has…
9Oct2008 | The Real Deal | Comments Off | ContinuedGot Pork?
All of this pork was pulled from the table of contents of the $850 billion bailout. Here’s the United States of America’s congress hard at work. What a joke.
Sec. 101: Extension of alternative minimum tax relief for nonrefundable personal credits.
Sec. 102: Extension of increased alternative minimum tax exemption amount.
Sec. 201: Deduction for state and local sales taxes.
Sec. 202: Deduction of qualified tuition and related expenses.
Sec. 203: Deduction for certain expenses of elementary and secondary school teachers.
Sec. 204: Additional standard deduction for real property taxes for nonitemizers.
Sec. 205: Tax-free distributions from individual retirement plans for charitable purposes.
Sec. 304: Extension of look-thru…
Fannie and Freddie: Only the Tip of the Iceberg
Easy Al Greenspan has stepped out of his cave and opened his big fat mouth again. This time, Al felt it necessary to propose that the United States of America have specific “laws that authorize the Treasury to use taxpayer money to counter systemic financial breakdowns transparently and directly.â€
Where to start…I mean, Alan Greenspan is a socialistic, Keynesian Loving, politician pleasing, power and greed driven **explicit delete, explicit delete**, piece of **explicit delete**. To think that this guy was a self proclaimed libertarian.
It’s really ironic that Easy Al even has the audacity to comment on the current mess we are…
9Sep2008 | Oxbury Research | Comments Off | Continued“Gold Train, All Aboard!â€
If you ask any of my good friends, they’ll tell you “Don’t get Nick Jones started on gold. He’ll talk your ears off.â€
Unfortunately, my friends are right. Precious metals were the very first market I ever researched. I’m glad that’s where I started, because to understand gold is to understand the U.S. dollar. To understand the U.S. dollar is to understand macroeconomics, housing, credit finance, and energy makets.
After putting in an excessive amount of due diligence into the above mentioned issues, I came to the conclusion that inflation and economic woes were on their way. In fact, I decided…
21Aug2008 | Oxbury Research | Comments Off | ContinuedPrecious Metals Gearing Up
By Nick Jones
Editor, Real Deal
The PMs have taken the back seat in the most recent rally in commodities. While corn, soy beans, oil, and other commodities were making either fresh contract or all time highs on a daily basis, the PMs simply consolidated. This was to be expected after the fantastic rally in gold from the low $600s to above $1000 /oz. Personally, I exited the last of my PM equities positions at $975 /oz and have been on the side lines ever since (I do still own physical metals). But I believe that we are currently encroaching a good…
26Jun2008 | Nick Jones | Comments Off | Continued
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