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The old high (in terms of closing prices) in the XAU gold stock index was 168.62 during May of 2006 Gold stocks react to Bernanke’s rate cut Long term chart of the XAU The very long term

On a recent trip to the grocery store I was shocked to find that the price of a package of Corn Skewers (those little yellow things you use to eat hot corn on the cob) had fallen to 25 cents when normally they would sell for at least 79 cents or higher. Is this a sign of deflation or simply another fallout from the irrational ethanol program? 

The Chinese stock markets have been closed for several days to celebrate the new year--the year of the Rat. One wonders what the Chinese market will do when they reopen. During the last three days the less volatile Japanese stock market lost 6% while the Dow lost 3%. Of course the Chinese themselves during this time have experienced the worst

The new issue (on sale today) of Worth magazine features an article on “A New Golden Age” by Nathan Lewis which is a nice recap of the history of the gold standard showing that we (along with the Roman’s) thrived on a gold standard only to succumb to paper inflations. “It is practically a truism that the decline of currency quality is mirrored in

From here : What I see in Europe (and in the U.S. and other countries as well) is a powerful combination of irresponsibility, of wishful thinking, of implicit believing in some form of Malthusianism, of cynical approach of those who themselves are sufficiently well-off, together with the strong belief in the possibility of changing the economic

According to my reckoning, between the close of business Thursday and Tuesday, the Fed’s extra $352 billion in liquidity enhancing measures bought a 1.3% increase in the S&P500. Since we need a 19.4% rally to regain October’s Suckers’ High at 1576, we might only need another $4.8 trillion in new measures to do the trick! Neatly, that would equate

Oil is over $100 per barrel and gold is approaching $1000 per ounce. Consumer confidence just hit a 15 year low and every statistic about the housing bust just keeps on getting worse. Unemployment has spiked upward and so has price inflation. How has the stock market managed to hold its own under these conditions? One factor was the surprise cut

Professor Bernanke is giving his testimony to Congress. Blah...Blah...Blah. Here are some interesting graphs from the Fed itself. They have to do with Bennie’s new monetary “rule” of force feeding “liquidity” into the marketplace. It seems that banks were reluctant to use the Discount Window to borrow reserves because it would be a sign of

Taking into account not just rapid domestic expansion, but also the sharp fall in the greenback, broad, dollar-denominated money supply went up on an annualized basis, in the six months to January at rates of: Russia 53% Each of Brazil, China and the Eurozone at 32% India 30% Japan 25% Canada and the US each 20% Is it any wonder prices of things