Thu, 22 January 2015
Criag Hemke a/k/a Turd Ferguson was on today to explain why gold and silver have risen dramatically since the first of the year. The answer is really quite simple, confidence in currencies is falling rapidly and will continue to do so. Manipulation of precious metals through derivatives has found its limits. There will continue to be times where the paper price of gold and silver are susceptible to manipulation by the computer algorithms, but these will decrease over time as worldwide demand increases. 2015 promises to be an intense volatile and perhaps scary year. Precious metals may be your only defense.
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Thu, 22 January 2015
Gordon T. Long joined us today. In our last discussion, we talked about the continued decline in credit quality across the nation and the world. Now Gordon has uncovered a new wrinkle in student loan debt. Much of it is being deferred or forebearanced under various government programs, all under the radar screen. We also discussed the reason that QE failed in the US, Japan and elsewhere, and why it will fail in the EU. QE cannot create new demand, it can only move up future demand to the present. Also discussed the buck, the Euro, the Franc the peg and more.
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Thu, 22 January 2015
Nick Santiago of InTheMoneyStocks.com joined us today. When he last appeared on November 14th of 2014, he was extremely bullish on the metals. He received much flak from the pm doubters, who believed that gold/silver had no place to go but down. Here we are in the 3rd week of January and Nick remains bullish and who can blame him? Japan is printing money like there's no tomorrow, the ECB is emarking on a futlie QE program and the dollar is heading to record heights. And now the old barbarous relic has started its rise. What's going to happen next?
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