Analyst after analyst (in excess of 170 at last count) has been forecasting what the parabolic peak price for gold will eventually be. That being said, however, only 43 have been bold enough to include the year in which they think their peak price estimate will occur and they are listed below. Take a look at who is projecting what, by when and why. Words: 400
Read More »Guess What % of Americans STILL Have More Credit Card Debt Than Savings (+2K Views)
The economy is slowly hobbling back to health but for many Americans the rainy day fund is still looking a little dry, the credit card bill is still looking a little scary [Unfortunately, the liklihood is that,] as the economy strengthens further, many Americans will...spend their new found extra cash rather than save it. Words: 474
Read More »This Metric Strongly Suggests a Major Correction in the S&P 500 Could Be Coming (+2K Views)
History shows that when investors experience a rapid decline in the amount of available cash in their brokerage account to spend/invest quickly such "negative net worth" leads to major corrections in the stock market. Currently such is the case so can we expect another such decline or will it be different this time?
Read More »It’s Time to Apply the “Greater Fool Theory” and Sell Your Winners to All Those Fools (3K Views)
The Dow has surpassed its all-time record high - set in October 2007 - and the S&P 500 is not far behind? Is this the early stage of another great bull market? Let's look back at the two previous times when the S&P 500 set new all-time highs and see if we can learn something. Wait...first put your "this time it's different" glasses on. OK, let's go. Words: 430; Charts: 1
Read More »Hyperinflation Is NOT An Unusual Phenomenon As These 21 Countries Can Attest
The United States is one of the few countries to have experienced two currency collapses during its history (1812-1814 and 1861-1865). Is it about to happen again? Words: 1450
Read More »The Major Imports & Exports Between the U.S. and Canada are Surprising
You will be surprised at the amount of trade between Canada and the U.S. and vice versa. Here is a list of the products involved each way - and both ways. Take a look. Words: 712
Read More »How the Ongoing U.S. Economic Collapse Compares to the U.S.S.R. Experience (+3K Views)
Dmitry Orlov's repeated travels to Russia throughout the early nineties allowed him to observe the aftermath of the Soviet collapse first-hand. Being both a Russian and an American, Dmitry was able to appreciate both the differences and the similarities between the two superpowers. Eventually he came to the conclusion that the United States is going the way of the Soviet Union and has concluded that when the U.S. economy collapses, it is bound to be much worse - and permanent - because the factors that allowed Russia and the other former Soviet republics to recover are not present here. Words: 3730; Slides: 28
Read More »Coming Move In Gold Will See It Reach $3,200 by Late 2014 or Early 2015 (+2K Views)
The breakdown after the QE4 announcement, and now the extreme move into a yearly cycle low has, I daresay, convinced everyone that the gold bull is over. I would argue that it is impossible for the gold bull to be over as long as central banks around the world continue to debase their currencies [and that] gold is just creating the conditions - a T-1 pattern - necessary for its next leg up to what I expect to be...around $3200 sometime in late 2014 or early 2015. [Let me explain.] Words: 560; Charts: 3
Read More »Monty Pelerin Cuts Through All The Economic Noise To Tell It Like It Really Is! (+2K Views)
I read many hundreds of articles every week looking for writers who have an in-depth understanding of our economy and who are not reticent to tell it like it is. Monty Pelerin (a pseudonym) does just that week after week, year after year. This post includes introductory paragraphs and links to 25 of his most enlightening and current articles. Take a look. There are bound to be several that will grab your interest.
Read More »U.S. Can’t Escape the Mess It’s In Without a Complete Economic Collapse! Here’s Why (+2K Views)
The last several decades of governmental economic policy has seen wealth destruction. Such policies are analogous to the government heating its home by burning the furniture. Burning furniture might get you through a few winters, but unless it is replaced eventually there is nowhere to sit and no fuel for next winter. Fortunately our ancestors were industrious and frugal, creating a lot of furniture. We stayed warm for a long time as a result, but the furniture is disappearing. Words: 970
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