News Commentary

Gold Down, What Now?

"Generally, after a stark price correction like this, you will tend to see a prompt rally, followed by another bout of weakness, testing the prior bottom. This should play out over the next few weeks, which will pave the way for an excellent entry or re-entry point to stock up on gold. It is important to note that, in my view, you can wait and watch gold calmly. There is no need to rush (back) in. Gold negativity is very high and it will take time to pick up momentum. But you should certainly not wait too long. Fundamentally, all of the reasons that made gold an ever more attractive asset over the past years are still fully in place, and increasingly so." Continue reading →

Continue ReadingGold Down, What Now?

Glenn Greenwald: The Boston bombing produces familiar and revealing reactions

"Regardless of your views of justification and intent: whatever rage you're feeling toward the perpetrator of this Boston attack, that's the rage in sustained form that people across the world feel toward the US for killing innocent people in their countries. Whatever sadness you feel for yesterday's victims, the same level of sadness is warranted for the innocent people whose lives are ended by American bombs. However profound a loss you recognize the parents and family members of these victims to have suffered, that's the same loss experienced by victims of US violence." Continue reading →

Continue ReadingGlenn Greenwald: The Boston bombing produces familiar and revealing reactions

Glenn Greenwald: The Boston bombing produces familiar and revealing reactions

"Regardless of your views of justification and intent: whatever rage you're feeling toward the perpetrator of this Boston attack, that's the rage in sustained form that people across the world feel toward the US for killing innocent people in their countries. Whatever sadness you feel for yesterday's victims, the same level of sadness is warranted for the innocent people whose lives are ended by American bombs. However profound a loss you recognize the parents and family members of these victims to have suffered, that's the same loss experienced by victims of US violence." Continue reading →

Continue ReadingGlenn Greenwald: The Boston bombing produces familiar and revealing reactions

Doug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You

"I don't expect it to drop much more, and I'd be very surprised at a drop below $1,000 an ounce, but there is no law of nature preventing it from doing so. All markets fluctuate. People who get panicked are overcommitted... or maybe they shouldn't be in the market because they're not psychologically suited for it. The problem is that government currency debasement practically forces everyone to be in the market, just to try to stay ahead of inflation. You can't time market bottoms, but you've got to play the odds. If I were going to sell anything now, I wouldn't think of selling my gold or gold stocks." Continue reading →

Continue ReadingDoug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You

Bill Bonner: Is this a major change of direction for gold?

"Everyone believes the gold market has reversed direction. The bull market of the last 14 years has finally ended. It's all downhill from here, they say. But if that is true, what else will have to be true? The last bull market in gold ended when the Fed changed course. Arthur Burns was replaced by Paul Volcker. A loose money policy became a tight money policy. By the end of the bear market in gold there was hardly a single gold bug who was still sober or still solvent. But what's the Fed doing now? Has it reversed course? Has Ben 'Bubbles' Bernanke been replaced with a tough-as-nails inflation fighter? Has the FOMC vowed to stop printing money?" Continue reading →

Continue ReadingBill Bonner: Is this a major change of direction for gold?

When The Window Closes For Americans

"Something I think you can plan your life around is the eventuality of the US government imposing capital controls and other restrictive measures on the movement of people and capital. Any country that is sufficiently desperate can and will implement such measures. The big question remains: When will this happen in the US? I believe that moment will arrive sometime before it is apparent that the US dollar has lost its place as the world's premier currency. The ramifications of the US dollar losing this status are difficult to overstate. It will be the tipping point at which the US government becomes sufficiently desperate." Continue reading →

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For Pakistanis It’s A Boston Marathon Bombing Nearly Everyday

"What a terrible and senseless tragedy. I can’t let myself think about it for too long without welling up inside. While my timing in saying what I’m about to say may seem harsh to some, now is the only time to make this point. For the people of Pakistan the Boston Marathon bombing happens nearly every day. Sometimes it’s a lesser bomb and fewer people are killed or injured. Sometimes it’s a much larger bomb like one example that left nearly seventy children dead at one time (that’s about three times the loss of children that happened in Sandy Hook). Can you imagine?" Continue reading →

Continue ReadingFor Pakistanis It’s A Boston Marathon Bombing Nearly Everyday

Don’t Sell Your Gold!

"You would be crazy to look upon the current events in the gold market and presume the golden age is over. It won’t end until America has a credible plan for dealing honestly with our country’s debt and Washington’s financial diarrhea. That isn’t likely for many more years yet. As I told attendees at the Global Currency Expo earlier this month, I don’t care if gold goes to $2,000 or $500, I don’t sell. I don’t cancel my homeowners insurance just because I don’t expect a fire at my house this year. Why would I cancel my lifestyle insurance just because some investors are bailing on gold?" Continue reading →

Continue ReadingDon’t Sell Your Gold!