Steve Palmer: Juniors Staged to Climb from New Ground Floor?

Source: The Gold Report  

Whether irrational exuberance or the faltering dot-com industry triggered it, the economic downturn of 2001 hit junior resource companies hard. They bounced back in a big way. “Downturn” understates the current scenario, but AlphaNorth Asset Management President and CEO Steve Palmer sees similarities. He looks forward to taking advantage of opportunities “to get in on some of what has now become the new ground floor” and make some “tremendous gains.” While he anticipates more bad news on the employment front, he also tells The Gold Report followers that he believes “we’ve avoided the abyss” and confidence is…

The Falling U.S. Dollar: Taking An About-Face

Investing requires tough decisions. What to buy? When to buy? How much?

But none more difficult than this: Admitting the fundamentals no longer support an investment you own. Or, as the French philosopher Geoffrey F. Abert summed it up over 900 years ago, “It often takes more courage to change one’s opinion than to stick to it.”

And today I’m living proof.

Just three weeks ago, to the day, I declared, “The dollar’s not done.” I laid out my case about Jim Roger’s being wrong.

But I’m officially changing my stance on the falling U.S. dollar.

To be clear, it’s not because I finally saw…

Jim Rogers: The dollar is a flawed currency

Excerpts from The Financial Times’ View from the Markets online interview with Jim Rogers:

FT: It’s a year since we last interviewed you. You were aggressively bearish about the dollar, but you thought there would probably be a rebound and you would take that as an opportunity to further get out of the dollar. Have you made a further exit from the dollar?

JR: Not yet, no. And the reason I haven’t is because we’re in a period of forced liquidation of everything. We’ve only had eight or nine periods like this in the past 150 years, where everybody has to reverse their positions on everything.…

Unprecedented Volatility Will Continue to Rock the Stock Market in Advance of a Possible Rebound in Mid-2009

In the 20 years I’ve been creating stock-market forecasts, I’ve never seen such a contradictory set of forces at work in the markets all at one time. I could just as easily make the case that we’re finally nearing a bottom, as I could that we’re in for protracted downturn punctuated by sharp, quick drops.

The only question in my mind is what shape an eventual recovery will take, for I see three possibilities:

• A “U,” with a slow, methodical reversal that gradually transitions into a market rebound.
• A “V,” with a quick, sharp reversal that marks the start of a powerful…

Death of the Dollar Still Inevitable: Dead Cat Bounce Explained

I’ve been writing a lot recently about the dollar vs gold trade, with the emphasis of the discussion being on gold analysis.  The problem is that there are a lot more individuals who care more about dollar FX markets than they do about gold.  This has been the case regarding the network of people I work and converse with on a daily basis, and this has definitely been the case with main stream media.

The latter subject is the actual reason I decided to sit down and write up a piece regarding the U.S. dollar.  More specifically, on CNBC this past…