Silver is fundamentally undervalued – especially relative to gold. Both will do well during a currency crisis, according to Jim, but silver could outperform. Jim also comments on agricultural commodities in this rapid-fire Q&A session.
Sep 022010
BIS released their triennial central bank survey of foreign exchange and derivatives market activity. Key findings on the global foreign exchange market: Global foreign exchange market turnover was 20% higher in April 2010 than in April 2007, with average daily turnover of $4.0 trillion compared to $3.3 trillion. The increase [...]
According to Montier, bonds are pricing in a 70% probability the US becomes the next Japan.
Guest post by Bulls, Bears & Pigs The market has acted rather poorly following Friday’s ramp. Despite all the bullish contrary indicators it trades heavy and has the feel that it wants to go lower still. I mentioned in my prior post some of the nagging doubts I had about [...]
Overdose is a must see ABC /Four Corners documentary on the current financial and economic crisis as it developed over the past decade and as it is expected to evolve over the coming decade. “This is the story of the greatest financial crisis we’ll ever see…the one that’s on its [...]
Aug 312010
Retail analyst extraordinaire, Davidowitz, comments on the state of the US consumer: “The consumer is out of money….They have no jobs. We’ve got 18-and-a-half percent unemployment and underemployment. The consumer’s debt is 120 percent of disposable income…The consumer is wrecked.” Share, Print or PDF
Aug 312010
Jim Rogers likes (guess what) real assets like silver, rice, natural gas, etc. Jim Rogers dislikes (guess what) central banks, governent intervention and politicians. Share, Print or PDF
The following is inspired by the rumoured defection of China’s central bank governor, Zhou Xiaochuan, over $430 billion in losses on a short US Treasury position. According to undisclosed sources, the governor was facing ‘punishment’ for the losses and fled the country. The rumor was false. True or not, as [...]
Aug 312010
The Wall Street Journal exposes the real life of Peter Schiff. An interesting look at the evangelist of doom: Share, Print or PDF
This just in from Stratfor…the rumors are flying. $430 billion loss on USTs implies a short position, since USTs have been performing very well lately. Is this $430b loss net of long positions? This rumor highlights China’s ability to send the US economy into a death-spiral: Step 1) China hedges US [...]
Aug 292010
A fantastic, and scary-to-depressing, article on how our food system is repeating the history of doomed civilizations. In an age of super-sized meals and obesity epidemics, food-shortage doomsday scenarios always seem a little surreal. Backed by half a century of agricultural abundance, it’s easy to imagine that cheap food will [...]
Aug 292010
BBC Newsnight guests Hugh Hendry and Dr Linda Yueh discuss the importance of the grey dust; BHP Billiton’s hostile takeover bid for Potash Corp; the Chinese market’s dependence on potash imports and the world’s ability to feed itself. Share, Print or PDF
Aug 272010
Lots of charts and graphs in this one. Detailed forex strategy and commentary, including suggestions that S&P 500 should be closer to 900. Watch for breakdowns of key FX rates to signal further weakness in global financial markets. Check out the report for details: LINK to PDF REPORT Share, Print [...]
